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Alias Born | 02/24/2010 |
Monday, March 23, 2015 11:22:43 PM
Recently we were contacted by the Financial Post, which
is one of Canada's premier business publications. They
were looking for an update on production from the Alberta
Carbonate Triangle in Alberta, and so they contacted Strata,
Royal Dutch Shell, Laricina, and Osum.
They visited Strata at the Alberta Core Lab, and published
an article which you can view here.http://www.strataoil.com/news/?id=74&title=Strata-Oil-Discussed-Alongside-Shell-Oil-In-Financial-Post-Newspaper-Article-On-Carbonate-Triangle
The piece provided some helpful exposure for Strata, and
we appreciated the coverage.
One thing the article mentioned was the Crown land sale results
from a few days ago, where the carbonate rights under Shell's
80,000 bpd Carmon Creek deposit were purchased through third-
party land companies by an unknown buyer for an average of
$1,105.37 per hectare and bid as high as $7,815 per hectare ---
which is 50-times the average oil sands lease price paid in the
past year.
In fact, they paid the highest price we've seen in any oil-sands
land sale since 2007. And it was JUST for the carbonates, not
even the sands formations.
This is important for shareholders of Strata Oil, because Shell's
Carmon Creek lease-block area is contiguous and directly
southeast of our 20,000 hectare Cadotte project.
You can read the blog post here.
Best Regards,
Trevor Newton
Chairman of the Board
Strata Oil
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