Strata oil & gas is a publicly-traded company leading the field in the exploration and development of bitumen from carbonates in Alberta. Find out more about us... Latest News Releases
Jun-30-2009 Strata Oil Provides Update on Cadotte Project Strata Oil & Gas Inc. ("Strata") (OTCBB: SOIGF) has provided an update on its Cadotte Project in the Peace River region of Alberta, a world-class carbonate-hosted bitumen discovery. “We are continuing to make excellent progress on our Cadotte Project as our technical team moves forward with its decision on extraction technology,” said Manny Dhinsa, President of Strata. “Based on our preliminary feasibility study, we know the project is very attractive economically, with a discounted net-present value of $1.2 billion. We have based our analyses on Cyclic Steam Stimulation as the preferred recovery-method, because of the extensive and successful testing that has... more... Mar-5-2008 Strata Oil & Gas Completes Pre-Feasibility Study on Cadotte Project, NPV Exceeds $1 Billion Strata Oil & Gas Inc. ("Strata") (OTC BB: SOIGF) has released its Pre-Feasibility Study on its 100% owned Cadotte Project in the Peace River Oil Sands area of Alberta, Canada.
Based on forecast prices and costs, this Pre-Feasibility economic analysis indicates that the development of Strata's Cadotte Project is economically viable with a net present value (discounted at 10%) of cash flows before income taxes of USD $1.2 billion.
Norwest Questa Engineering Corporation ("Norwest") of Golden, Colorado completed this independently prepared Pre-Feasibility report on behalf of Strata. Norwest conducted an initial economic evaluation of the Cadotte Project, at a level... more... Oct-10-2007 Strata Oil & Gas Inc. Announces 2-for-1 Forward Stock Split Strata Oil and Gas Inc. (OTC BB: SOIGF) is pleased to announce that its Board of Directors has completed a two-for-one forward stock split of its common stock to the shareholders of record at the close of business on October 8, 2007. On October 9, 2007 the post-split shares were sent to the Company's shareholders without further action on the part of such shareholders. Trading began on a split-adjusted basis on October 10, 2007.
Strata Oil & Gas is a trademark of Strata Oil & Gas Inc. This announcement contains forward-looking statements which involve risks and uncertainties that include, among others,... more... Sep-27-2007 Strata Oil & Gas Inc. Discovers Major Bitumen Resource Strata Oil & Gas Inc. (“Strata”) is pleased to announce the results of its drill program conducted earlier in 2007. Independent analysis of the drilling results and existing data available on a portion of the leases held by Strata gave an estimate of the original oil in place of 2.25 billion barrels of bitumen. This volume is considered to be a “High Estimate” of the in-place Discovered Resource made in accordance with the procedures of the Canadian Oil and Gas Evaluation (COGE) Handbook.
Norwest Corporation (“Norwest”) of Calgary, Alberta, Canada recently completed this independent evaluation of in‑place bitumen resources on... more... |