Strata Oil Provides Semi-Annual Update Re Bitumen Production
(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 11/18/13 -- Strata Oil & Gas Inc. (OTCQB: SOIGF)(OTCBB: SOIGF) today released its semi-annual update on bitumen production in the Peace River and nearby Athabasca regions of Alberta.
Recent activity in Alberta's Carbonate Triangle signals future expansion for oil companies in the region.
President of Strata Oil, Ron Daems, speaking to the significance of these events said, "The Carbonate Triangle is flourishing with activity, and the continued development of the massive crude deposit bodes well for shareholders of Strata Oil."
About Strata Oil & Gas
Strata Oil & Gas is a US-publicly traded company focused on the exploration and development of heavy oil from carbonates. The Company currently holds a 100% interest in 52,480 acres of oil sands leases in the Peace River region of Alberta's Carbonate Triangle. Strata's Cadotte project has been independently evaluated, with a resource base of 3.44 billion barrels in-place with 887 million recoverable barrels. Strata's existing world-class Cadotte Central project of 56,000 barrels-per-day over 20 years is valued at NPV $1.3 billion. For more information, go to the Company's website at .
Strata Oil and Strata Oil & Gas are trademarks of Strata Oil & Gas Inc. This announcement contains forward-looking statements which involve risks and uncertainties that include, among others, limited operating history, risks related to petroleum exploration, limited access to operating capital, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. All statements made herein concerning the foregoing are qualified in their entirety by reference to the following Norwest Reports: Evaluation of Bitumen Resources Cadotte Leases (2013), Resource Reclassification (2010), Bitumen Hosted Carbonate Pilot Projects (2008), Preliminary Feasibility Study (2008), Evaluation of Bitumen Resources Cadotte Leases (2007), which have been filed with the SEC. More information is included in Strata's filings with the Securities and Exchange Commission which may be accessed through the SEC's web site at .
Contacts:
Strata Oil & Gas Inc.
Investor Relations
1-877-237-5443 or 1-403-237-5443
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Datum: 18.11.2013 - 12:30 Uhr
Sprache: Deutsch
News-ID 317478
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CALGARY, ALBERTA
Kategorie:
Oil & Gas
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