Strata Power Corp. (SPOWF)

[grapeman]

New lodge to w/ 1264 rooms to be built in northern Alberta to house oil field workers in sands area.

4:17PM Oil States announces new Oil Sands Lodge (OIS) 75.11 -0.65 : Oil States International (OIS) announced that its Board of Directors has approved the initial construction of the Henday Lodge, located adjacent to Wapasu Creek Lodge in the oil sands region of northern Alberta, Canada. The Company's Canadian subsidiary, PTI Group, will design, build, own and manage the new lodge, which will have an initial capacity of 1,264 rooms by the end of Q3 of 2011. Henday is located in close proximity to numerous oil sands projects, and PTI has already secured a 24-month contract for 1,000 rooms, providing for essentially full occupancy for the lodge's 1,100 rentable rooms. The capital expenditures required to build the facility are already included in Oil States' previously disclosed capital expenditures forecast of $535 mln for the full year 2011