Tuesday, April 08, 2008 3:23:25 PM
They are continuing to test different production stategies as well as performing resource evaluation on the remaining 50 percent of the Cadotte leases. This will take until Dec or Jan. IR is not aware of discussions with Shell but stated that management would not share such info until a release was ready to be made. He also stated that Norwest frequently brokers buyouts[both Shell and Strata are clients]. The huge bearhead leases are not in exploration plans in the short term. Again IR volunteered that carbonates are simply not an issue. Stay bullish but be patient.
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