Strata Power Corp. (SPOWF)

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Want to know why this stock is still sitting at $1?

Page 28 of the report:
However, in the Cadotte lease case there are several factors, and one in particular, that prevent such a resource classification being made. The major factor is that, at present, there is no pilot project that is applying in-situ recovery methods to bitumen in a hardrock carbonate host that can be used as a demonstration of recoverability. Not only is this the case for Canada but there are no suitable examples anywhere in the world. This means that existing pilot projects in clastic hosts, which have different physical characteristics from carbonates, have to be used for performance prediction.


All the report said is "if" they can get the oil out, they will make a lot of money, which everybody already knew before the report.