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Wednesday, July 30, 2014 2:15:08 AM
We've just announced that our technical team has provided
its recommendations to the Board of Directors regarding
their study of Cadotte West for its cold production potential.
You can view the entire release on our website.
This is good news for the company. Although our 887 million
barrel (recoverable) Cadotte project is planned as a 56,000
barrel-per-day thermal project, we are now also pursuing
primary production (non-thermal) from the Bluesky sands
as an additional potential resource and have identified
several targets as a result of our cold production study.
The Peace River Oil Sands region is one of the most prolific
areas in the world for primary (non-thermal) production of
heavy oil from sands. Several developers in the region
have successfully demonstrated Cold Production on their
leases, particularly Baytex Energy.
We can't be sure of the fluid characteristics of the Bluesky
sands until test drilling takes place. But we now have excellent
targets, and are encouraged by the recommendations of our
technical team. We plan to initiate an Oil Sands Exploration
program (apply for drilling permits) for a test program. We
expect to have more news on this in August.
Thanks for being a shareholder of Strata Oil. Your patience
and loyalty is really valued by all of us here. Please consider
passing this email along to investor friends who may be
interested in becoming shareholders. Together we are
building an outstanding oil company.
With Kind Regards,
Trevor Newton
Chairman of the Board
Strata Oil
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