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Last $0.13 USD
Change Today +0.0095 / 7.58%
Volume 2.8K
As of 8:10 PM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

strata oil & gas inc (SOIGF) Snapshot

Open
$0.11
Previous Close
$0.13
Day High
$0.13
Day Low
$0.11
52 Week High
07/21/14 - $0.39
52 Week Low
03/19/15 - $0.08
Market Cap
9.4M
Average Volume 10 Days
40.1K
EPS TTM
$-0.02
Shares Outstanding
69.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for STRATA OIL & GAS INC (SOIGF)

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strata oil & gas inc (SOIGF) Details

Strata Oil & Gas Inc., an exploration stage company, acquires and explores for oil and natural gas properties in Canada. The company focuses on carbonate-hosted bitumen deposits. As of December 31, 2013, it had interests in oil sands properties in Northern Alberta, including 17 leases in the Peace River oil sands area and 1 lease located in the Athabasca oil sands area. The company was incorporated in 1998 and is headquartered in Peace River, Canada.

strata oil & gas inc (SOIGF) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

strata oil & gas inc (SOIGF) Key Developments

Strata Oil & Gas Inc. Submits Application to Drill Cold Production Targets on Cadotte West Land

Strata Oil & Gas Inc. announced that it has submitted its Oil Sands Exploration plan application to the Crown for its drilling program on Strata's 100%-interest Cadotte/Cadotte-West land blocks in the Peace River region of Alberta. The proposed drilling program covers 11 distinct drilling targets and will test for cold production. Strata's technical team has identified multiple drilling locations which will test the extent to which the Bluesky-Gething Formations at Cadotte/Cadotte-West have the fluid properties which permit the use of primary production methods. These targets were the result of Strata's technical study which assessed the cold production potential of the Cadotte-West land block to determine if it hosts an analogue to the Reno field further to the south which is operated by Baytex Energy using primary recovery techniques. Strata's study found that the Bluesky Formation at Cadotte West increases up to 20m to 25m thick, which is the target thickness for potential drill sites, as at Reno. The study also found that, as at Reno, the lease block hosts two or three sand beds of 5m or more thickness each separated by shale units, with the lowest one being the cleanest, and that the shale beds are of thickness similar to those within the Reno field. Strata Oil's 887 million barrel (recoverable) Cadotte project is planned as a 56,000 barrel-per-day thermal project utilizing CSS (cyclic steam stimulation), and is located directly north of Royal Dutch Shell's Carmon Creek project which is being expanded to 80,000 bpd. Strata Oil is also pursuing primary production from the Bluesky sands as an additional potential resource for development. The Peace River Oil Sands region is one of the most prolific areas in the world for primary (non-thermal) production of heavy oil from sands. Several developers in the region have successfully demonstrated Cold Production on their leases, including Murphy Oil, PennWest Exploration, Royal Dutch Shell and Baytex Energy.

Strata Oil Appoints Dave Mahowich to the Position of Vice President Operations

Strata Oil & Gas Inc. announced the appointment of Dave Mahowich to the position of Vice President, Operations. Mr. David Mahowich has 27 years of experience in the oil and gas sector, including expertise in the Peace River oil sands region, where he oversaw drilling operations for Blackrock Ventures Inc. which was subsequently acquired by Shell Canada Ltd. for $2.4 billion. Mr. Mahowich assisted Blackrock in its transformation into a 13,000 bpd producer, primarily through cold-production from its heavy oil assets in the Peace River region located 40 km to the southeast of Strata Oil's Cadotte project.

Strata Oil & Gas Inc. Identifies Multiple Drilling Locations to Test Cold Production Potential of Cadotte West Land Block

Strata Oil & Gas Inc. announced that its technical team has provided recommendations to the board of directors pursuant to the Cold Production study initiated by the company relating to the Cadotte West land holdings in the Peace River oil sands region of Alberta. The study, which is ongoing, utilizes existing well data as well as seismic data from lines which have been shot on and around the Cadotte West leases. Initial interpretation of the geological structure at Cadotte West resulted in the identification of cold production targets which were then validated by seismic data. The company's technical team has subsequently identified multiple drilling locations in order to test the extent to which the Bluesky Formation at Cadotte West has the fluid properties which permit the use of primary production methods. The company began studying the characteristics of the Bluesky Formation at its Cadotte West holdings to identify pools and fields which may be analogues to the Reno field further to the south, operated by Baytex Energy using primary recovery cold production methods. Strata's study found that the Bluesky Formation at Cadotte West increases up to 20m to 25m thick, which is the target thickness for potential drill sites, as at Reno. The study also found that, as at Reno, the lease block hosts two or three sand beds of 5m or more thickness each separated by shale units, with the lowest one being the cleanest, and that the shale beds are of thickness similar to those within the Reno field. Now that Strata's technical team has identified these drilling locations, the board of directors will be initiating an Oil Sands Exploration plan application to initiate a test program, and will shortly be releasing further information relating to this. Although Strata Oil's 887 million barrel Cadotte project is planned as a 56,000 barrel-per-day thermal project utilizing CSS, the company is also pursuing primary production from the Bluesky sands as an additional potential resource for development. The Peace River Oil Sands region is one of the most prolific areas in the world for primary production of heavy oil from sands. Several developers in the region have successfully demonstrated Cold Production on their leases, including Murphy Oil, PennWest Exploration, Royal Dutch Shell and Baytex Energy.

 

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