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Strata Oil & Gas Inc. (SOIGF)
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10/1/2018 10:57:47 PM
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- Posts Today:
SOIGF - STRATA OIL & GAS INC
Strata Oil & Gas Inc.
918 16th Avenue NW
Calgary, AB T2M O3K
Transfer Agent: Holladay Stock Transfer, Inc.
2939 North 67th Place
Scottsdale, Arizona, 85251
Leveraging Higher Oil
Our goal is to provide exceptional shareholder returns in a rising petroleum market. Our focus is to provide greater exposure to petroleum prices by maximizing our in-place resource per common share and minimizing shareholder dilution, looking exclusively to projects within North America, as a means to minimize risk. Our emphasis is on full-cycle exploration --- we believe that we can have a greater impact by developing our own exploration projects rather than acquiring advanced projects from others.
Strata Oil & Gas is focused on the exploration and development of heavy oil / oil sands in Western Canada.
For a non-technical overview of our exploration and development strategy, click here.
Heavy oil and oil sands are very viscous and do not flow easily, and are primarily found in the Western Canada Sedimentary Basin which extends from the Yukon and Northwest Territories, through northeastern British Columbia, Alberta and central Saskatchewan.
Alberta's oil sands reserves represent approximately 54,363 square miles, and cover 4 main regions Athabasca/Wabasca, Cold Lake, and Peace River.
These deposits contain enough oil that if only 30% were
extracted, it could supply the entire needs of North America for over 100 years at current consumption levels. Current established reserves -- defined as those that are recoverable using current technologies -- have placed Canada second only to Saudi Arabia in known economic reserves. The total estimated in-place resource for heavy oil / oil sands in Canada is approximately 2.5 trillion barrels, making it the largest known petroleum resource in the world.
Today, our oil sands land base comprises approximately 72,000 acres. Of that, nearly 71,000 acres (approximately 110 sections) is in the Peace River oil sands region which are estimated to contain more than 188 billion barrels of oil, and an additional 1,280 acres (2 sections) in the Wabasca oil sands which are estimated to contain in excess of 94 billion barrels of oil [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 oil sands parcels are located in 2 areas. Our Cadotte blocks are located immediately adjacent to Shell Canada's Peace River block and 12 miles to the northwest of Blackrock's Seal project. Our Bearhead blocks are located approximately 35 miles to the southwest of the Seal project and about 40 miles to the south of the Peace River complex.
The Seal leases are estimated to contain 2 billion barrels of bitumen and are producing close to 15,000 bpd, and the Peace River complex is estimated to contain 7 billion barrels of bitumen and is producing 9,000 bpd. Blackrock's Seal project production tends to draw from an average bitumen interval of 5 to 18 meters in thickness, and is Canada's second lowest cost producer, even measured against conventional oil producers, at an average operating cost of around $5-6 CDN per barrel. Development of the Peace River oil sands is still considered early-stage relative to Athabasca. Production is expected to increase in the region.
The oil sands in the Peace River area tend to vary in thickness. Production in the area, which was once thought to require expensive thermal operations, has now been shown to also support a non-thermal (cold) production model (like conventional primary production but with sand) (ex. the Seal project, at approximately 10-11 degrees API).
Strata's Peace River projects are being evaluated and exploration is being carried out.
Strata's Drowned Area oil sands project is to the south of the Brintnell-Pelican Lake oil sands deposit. CNRL's Pelican Lake project (80% CNRL, 20% EnCana) contains more than 3 billion in-place barrels of oil, of which as much as 12% is recoverable using current technologies. Production is in the range of 20,000 bpd, and is expected to increase. Pelican Lake is Canada's lowest cost oil producer, at an average operating cost of less than $5 CDN per barrel. The oil sands in this area are in a thin pool (in the range of 4 to 6 meters) but spread out over a large area, like a vast but shallow underground lake of oil. Although technically oil sands, they are conventional in the sense that non-thermal production methods can be used (cold production, whereby the oil and the sand are all extracted together and sent via pipeline from Pelican Lake to Hardisty for processing.
SOIGF Detailed Quote
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My Stocks (7)
Unfortunately this will be in a holding pattern
10/01/18 10:57:47 PM
A decade later, Alberta project aims to both
09/09/18 06:43:00 PM
Nice post! Asia- market with a lot potential.
06/11/18 04:51:20 PM
This could be big news as far as
06/10/18 04:38:23 PM
SOIGF has reached the point where manipulatars are
05/19/18 01:20:50 AM
Not much of anything? It seems their timing
05/06/18 01:19:23 AM
Strata did not do much of anything when
05/03/18 01:13:25 PM
Crude oil at 3-year high, WTI may cross
05/02/18 08:39:58 PM
Oil Prices Higher on Fed’s Economic OutlookFocus remains
05/02/18 08:35:37 PM
Oil prices finish higher as IMF move threatens
05/02/18 08:31:46 PM
Agree. We need $70 oil price to start moving.
04/30/18 04:11:49 PM
Share Information as of 3-26-18
04/28/18 04:03:21 PM
Still nothing happening here. I would guess that
04/12/18 06:59:52 AM
02/20/18 05:36:41 PM
Someone trying to lure suckers in with a
02/15/18 03:07:34 PM
I plan to
02/04/18 03:07:38 PM
SOIGF $$$ :-D
02/04/18 03:04:38 PM
I found it. Is there a problem with
01/19/18 03:05:49 AM
I am still in.
01/18/18 03:23:07 PM
STRATA OIL & GAS, INC.
01/18/18 01:14:09 PM
Canadian heavy oil headed for highest levels in
01/17/18 11:55:18 AM
Can anybody make sense of all of this ?
01/17/18 10:28:35 AM
Who else is still hodling, SOIGF I want
01/16/18 05:07:57 PM
Seems like this is on life support.it should
01/13/18 04:36:39 PM
So what, this company at a pathetic all
01/11/18 09:02:45 PM
WOW! Oil is on fireeeee! Hit above $70
01/11/18 05:20:11 PM
Oil prices ease from 3-year highs after Brent
01/11/18 05:17:08 PM
Oil Reaches $70 a Barrel for First Time
01/11/18 05:15:05 PM
Oil prices rise to hit four-year high of
01/11/18 05:12:05 PM
Nice move up today, but only 9000 shares? Lol
01/10/18 09:50:58 PM
This administration in Canada have a lot regulations
12/01/17 05:52:06 PM
Yes, the NDP party is the party of
12/01/17 04:14:41 AM
SOIGF one for 10 reverse split:
11/30/17 05:44:54 PM
Alberta ranks 33rd on global list of attractive
11/30/17 03:05:01 PM
$60 oil means supply and demand are finding balance
11/30/17 03:04:02 PM
Alberta's oilpatch is heating up again
11/30/17 03:02:41 PM
11/23/17 04:05:20 PM
Big Oil abandoning Canada’s oilsands in quest for
11/22/17 10:02:50 AM
I dont know the answer to either question.
11/14/17 07:36:26 PM
$SOIGF$$$~~>WHEN THEY'S A CRYIN<<~~>>I'S A BUYIN!!!!:-D $$$
11/14/17 03:36:07 PM
Try calling IR at 8772375443. 1000% chance you
11/14/17 02:49:09 PM
Yes me too, first time heard about this
11/14/17 01:34:33 PM
So forget about the "oilsands" what the heck
11/08/17 09:40:03 PM
Reverse Stock Split
11/08/17 10:04:08 AM
This is the first I have heard about
11/08/17 05:38:07 AM
Canadian Natural mine project completion to boost oilsands output
11/03/17 04:08:12 PM
Acceleware to proceed with commercial RF oilsands pilot
11/03/17 04:06:29 PM
Oil-Sands Buyout Spree Paying Off as Takeovers Boost Output
11/03/17 04:04:06 PM
Imperial Oil gears up for new oilsands growth
11/03/17 04:03:37 PM
Get Used to These Higher Oil Prices
11/02/17 02:51:14 PM
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