STRATA OIL & GAS, INC. Financials

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UPDATE: Strata Signs Agreement With University of Alberta for Bitumen Recovery Technology

CALGARY, ALBERTA--(Marketwire - 07/10/09) - Strata Oil & Gas Inc. ("Strata") (OTC.BB:SOIGF - News) has entered into an option agreement with the University of Alberta for the exclusive Canadian license to the technology relating to "Steam-Over-Solvent Injection for Heavy-Oil Recovery in Fractured Reservoirs" described in part in the Canadian patent application "Hydrocarbon Recovery Process for Fractured Reservoirs" (serial no. 2,639,997). The technology has been developed by Dr. Tayfun Babadagli's team at the University of Alberta to extract bitumen from fractured carbonates. "As the University of Alberta's exclusive technology transfer agent, TEC Edmonton looks for local licensing opportunities so that the benefits from local discoveries benefits local businesses," says David Cox, CEO of TEC Edmonton. "Through the licensing of this technology, oil reserves have the possibility of being accessed with reduced environmental impact. This is great for our environment and for Strata.""The carbonate-hosted bitumen resources of Alberta are the next frontier in the North American oil industry. Like oil sands two decades ago, carbonates represent an enormous and relatively untapped petroleum resource," said Manny Dhinsa, President of Strata.Strata owns 100% of the world-class Cadotte Project in the Peace River region of Alberta, a projected 56,000 barrel-per-day operation with an expected production life of more than 20 years and a discounted net-present-value of $1.2 billion."According to lab research, this novel ex...
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Strata Signs Agreement With University of Alberta for Bitumen Recovery Technology

CALGARY, ALBERTA--(Marketwire - 07/10/09) - Strata Oil & Gas Inc. ("Strata") (OTC.BB:SOIGF - News) has entered into an option agreement with the University of Alberta for the exclusive Canadian license to the technology relating to "Steam-Over-Solvent Injection for Heavy-Oil Recovery in Fractured Reservoirs" described in part in the Canadian patent application "Hydrocarbon Recovery Process for Fractured Reservoirs" (serial no. 2,639,997). The technology has been developed by researchers at the University of Alberta to extract bitumen from fractured carbonates."The carbonate-hosted bitumen resources of Alberta are the next frontier in the North American oil industry. Like oil sands two decades ago, carbonates represent an enormous and relatively untapped petroleum resource," said Manny Dhinsa, President of Strata.Strata owns 100% of the world-class Cadotte Project in the Peace River region of Alberta, a projected 56,000 barrel-per-day operation with an expected production life of more than 20 years and a discounted net-present-value of $1.2 billion."According to lab research, this novel extraction technology results in much faster recovery and could yield up to 80%-95% compared to less than 20% with conventional techniques," says Mr. Dhinsa.The technology is easily implemented using established equipment and extraction materials. It is also environmentally-friendly in that it allows for material-recycling and reduced thermal treatment."The reason we entered into this option agreement for the exc...
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Strata Oil Provides Update on Cadotte Project

CALGARY, ALBERTA--(Marketwire - 06/29/09) - Strata Oil & Gas Inc. ("Strata") (OTC.BB:SOIGF - News) has provided an update on its Cadotte Project in the Peace River region of Alberta, a world-class carbonate-hosted bitumen discovery. "We are continuing to make excellent progress on our Cadotte Project as our technical team moves forward with its decision on extraction technology," said Manny Dhinsa, President of Strata. "Based on our preliminary feasibility study, we know the project is very attractive economically, with a discounted net-present value of $1.2 billion. We have based our analyses on Cyclic Steam Simulation as the preferred recovery-method, because of the extensive and successful testing that has already been done to date. However we are in the process of assessing more advanced technology which may result in even more favorable metrics than we had originally expected."Based on data from 57 wells, Strata's independently-generated economic evaluation placed a Most Likely potentially recoverable portion of the oil in-place at 517 MMSTB, based on an oil in-place estimate of 1.99 billion barrels."The magnitude of the Cadotte project is reinforced by the fact that our initial numbers are only based on about 50% of the total Cadotte lease area. Our attention in the coming months is not only to move towards further production testing, but also to dramatically expand our focus to include the rest of the Cadotte lease area," says Mr. Dhinsa.Production for Strata's Cadotte Project is estimated to be a max...
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