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Friday, May 30, 2008 11:49:55 PM
Strata has a presentation on the website. Terry stated that they are not exploring the other 50 percent of Cadotte leases at present. They are concentrating on the production technique testing. He did say the testing was going fine but no results would be released until ready for a public statement. He is unsure of timetable because results are evaluated at an outside lab. THEY DO PLAN TO ACTIVELY PROMOTE THE COMPANY IN SEVERAL MONTHS WHEN THEY HAVE TESTING RESULTS. HE ALSO STATED THAT SHELL IS NOT THE ONLY POTENTIAL BUYER---EUROPEAN OIL AS WELL AS CHINA AND INDIA WILL BE INTERESTED.SO WE WAIT FOR POSITIVE RESULTS.If no buyer we will need to develop a pilot project. Website presentation shows possible cost and timeline to develop project.
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