Projects

Strata Oil & Gas is focused on the exploration and development of carbonate-hosted bitumen in Western Canada.

For a non-technical overview of our exploration and development strategy, click here.

The bitumen we focus on is contained in carbonates. It tends to be viscous and does not flow easily. This resource is primarily found in the so-called carbonate triangle in the province of Alberta.

Today, our land base comprises approximately 125,822 acres (approximately 196.6 sections). Of that, nearly 124,542 acres (approximately 194.6 sections) is in the Peace River region. This region is estimated to contain more than 188 billion barrels. We also have an additional 1,280 acres (2 sections) in the Wabasca region. This region is estimated to contain in excess of 94 billion barrels [Alberta Department of Energy, Cold Heavy Oil Production With Sand In The Canadian Heavy Oil Industry, Dr. Maurice Dusseault, March 2002].

Strata's Peace River parcels are located in 2 major areas. Our Cadotte blocks are located close to Shell Canada's Peace River block and to the northwest of the Seal project.

Development of bitumen in the Peace River region is still considered early-stage relative to Athabasca. Production is expected to increase in the region.

We are focusing on the bitumen-in-carbonate resource found in the Peace River region. This region sits in a large area over a known carbonate trend, which is only now being understood in regards to its production potential.

The value of a portion of our Cadotte project is estimated at $1.2 billion USD according to a pre-feasibility study prepared by an independent firm (see our Edgar filings for the full pre-feasibility report and associated technical report).

This information may contain forward-looking statements about our exploration, production, and other operating and financial plans. These statements are not guarantees of future performance, involve certain risks, uncertainties, and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. Among the factors that could cause actual outcomes and results to differ materially are changes in petroleum prices; changes in refining and marketing margins; potential failure to achieve, and potential delays in achieving, expected reserve or production levels from existing and future oil and gas development projects due to operating hazards, drilling risks, and the inherent uncertainties in interpreting engineering data relating to underground accumulations of oil and gas; unsuccessful exploratory drilling activities; unexpected delays or difficulties in constructing company facilities; general domestic and international economic and political conditions; the ability to meet government regulations; potential disruption or interruption of the Company’s facilities due to accidents or political events and other matters detailed in our publicly available filings with the Securities and Exchange Commission.

Cautionary Note: As an oil and gas company, in our filings with the SEC we only disclose proved reserves that have been demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. However, in the information presented here, we may use certain terms such as “probable reserves”, “potential net recoverable reserves”, “barrels of oil”, "in-place", "resource", and “recoverable reserves” that we do not include in our filings with the SEC.