Strata Power Corporation (PK) (SPOWF) 銘柄情報

SPOWF you remember being in lwctf when it ran. Went from 003 to .20 man that was fun. This thing has a tiny share structure compared to that. Have a good feeling about this one. F tickers have been running all year and the year isn't over yet$$

You still in this?

See if I'm patient enough to get in below 02

Added to my watchlist! Nice SS hb

Looks like someone tried to get it going today. That share structure is tempting

Is there anybody left on this board

It's alive!

SOIGF changed to SPOWF:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

Strata Oil & Gas Inc. changed to Strata Power Corp.:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

Unfortunately this will be in a holding pattern until pipeline capacity is increased. With the current discount to WTI on alberta oil
very few projects are feasible. The pipeline would open up markets other than the USA and greatly decrease that discount. It will happen eventually IMHO. PATIENCE

A decade later, Alberta project aims to both capture CO2 and boost oil output
https://business.financialpost.com/pmn/business-pmn/a-decade-later-alberta-project-aims-to-both-capture-co2-and-boost-oil-output

Nice post! Asia- market with a lot potential.

This could be big news as far as attracting potential partners. https://oilprice.com/Energy/Crude-Oil/Canada-Bets-On-Trans-Mountain-Expansion-To-Sell-Oil-In-Asia.html

SOIGF has reached the point where manipulatars are wanting in (IMHO) is the reason for the recent drop. Think about it. SOIGF sustained a market price (though it was low) until the price of oil raised. Now it drops???? (smells of manipulation) Look for a rise in SP and some strength. The strength may not last long if no announcements from management are forthcoming though.

Not much of anything? It seems their timing was a stroke of genius. They have done a whole lot more with a whole lot less since the decline in oil prices. They now have more valuable property available for JVs. I seriously doubt they will develop them on their own. I have ridden this train before with a different heavy oil company (with much lower resources). JV gave me a .07 dividend on a .03 share. This of course is not guaranteed, but the chances are very high with a decent price of oil.

Strata did not do much of anything when the price of oil was $100.00 plus what makes you think that they will do something when the price of oil is $70.00 ?

Crude oil at 3-year high, WTI may cross $70 mark soon

https://www.google.com/amp/s/m.economictimes.com/markets/commodities/views/crude-oil-at-3-year-high-wti-may-cross-70-mark-soon/amp_articleshow/63943924.cms

Oil Prices Higher on Fed’s Economic OutlookFocus remains on U.S. decision over Iran nuclear agreement

https://www.google.com/amp/s/www.wsj.com/amp/articles/oil-treads-water-near-multi-year-high-1525256976

Oil prices finish higher as IMF move threatens Venezuelan output
https://www.google.com/amp/s/www.marketwatch.com/amp/story/guid/A675069E-4DFD-11E8-A62C-E7B7EBCC1258

Agree. We need $70 oil price to start moving.

Share Information as of 3-26-18

Authorized Unlimited

Outstanding 16,593,719

52-Wk Range
0.012 - 0.498


OIL SANDS LEASES

As of December 31, 2017, the Company has a 100% interest in 56 oil sands leases located in the Peace River oil sands area, totaling 58,368 hectares. The Company owns 3 non-producing wells on these leases.


Oil Sands Background

“Oil Sands” refers to either unconsolidated, bitumen-saturated sands or bitumen-saturated carbonate-rock. Bitumen refers to a heavy, viscous crude oil that generally does not flow under natural reservoir conditions. As a result, it cannot be recovered from a conventional well in the way lighter oil is most often produced. The oil sands in Alberta are contained in three major areas in Alberta.

According to the Alberta Energy Regulator (AER), Alberta's oil sands are the third-largest proven crude oil reserve in the world, with total proven reserves of 166 billion barrels, and total recent production of up to 2.4 million barrels per day.

These deposits contain a significant amount of oil but only in recent decades has commercial production become economic. Extraction of oil from oil sands requires the input of significant amounts of thermal energy or other technology. There are two main types of oil sands production methods: surface mining and in-situ. Surface mining is accomplished using an open pit operation whereby the oil sands are excavated and trucked to a processing facility. For oil sands reservoirs too deep to support surface mining, a technique known as in-situ recovery is utilized. In-situ production recovers the oil through a well, and utilizes thermal energy or other technologies to reduce the viscosity of the bitumen to allow it to flow to the well bore. There are some oil sands reservoirs where primary or “cold” production is possible. The oil in these reservoirs is light enough to flow to the well without thermal treatment, utilizing either vertical or horizontal wells.


Carboniferous Oil Sands

Carbonate oil sands, or carbonate-hosted bitumen, are unconventional resources that remain almost untapped. While much is known about Alberta’s vast sands-hosted bitumen resources, less is understood about a bitumen resource of similar magnitude which is hosted in carbonate rock directly beneath the sands. According to a report by Petroleum Technology Alliance Canada (PTAC), 26% of Alberta’s bitumen resources are contained in carbonate rather than sand formations. They are located in a roughly triangular 70,000 square-kilometer area of Alberta informally known as the Carbonate Triangle. The basic difference between sands and carbonates is that the former is bitumen mixed with unconsolidated sand, which can be either mined or produced from wells, whereas the latter is bitumen in carbonate rock. Currently, only pilot production of carbonate-hosted bitumen has taken place.

The Company has focused a portion of its efforts on the exploration and development of carbonate-hosted bitumen rather than just focusing on sand-hosted bitumen. The Company believes Alberta’s carbonate-hosted bitumen reservoirs represent an enormous and relatively untapped resource. The optimal means for producing bitumen from carbonates is still being studied, and there is unlikely to be a single Alberta-wide strategy for production. Cold production may be possible in some areas although in most cases production will require an in-situ treatment. Various technologies have been tested including similar technologies to those employed in the oil sands (cyclic steam, SAGD, and solvents.). There are several techniques which may prove to be effective. The Company is in the process of determining the most efficient means of producing bitumen from our projects.


Planned Work by the Company for 2018

The Company plans to continue focusing its resources on the analysis and development of its Peace River oil sands properties.


PEACE RIVER OIL SANDS LEASES

Acquisition of Interest

The Company has entered into a series of leases in multiple transactions with the Province of Alberta in the Peace River area of Alberta, Canada (the “Peace River Properties”). Some of the leases were acquired through a public auction process that requires the Company to submit sealed bids for land packages being auctioned by the provincial government. Upon being notified that it has submitted the highest bid for a specific land parcel, the Company immediately pays the Crown the bid price and enters into a formal lease agreement. The bid price includes the first year’s minimum annual lease payments. The remainder of the leases were acquired by third parties, however all the Company’s leases are leased directly with the Crown.



The Peace River Properties consist of a total of 58,368 hectares of land in a region of northern Alberta known as the Peace River oil sands region. The leases are subject to royalties payable to the Government of Alberta. Alberta's oil sands royalty regime operates on the principle of revenue minus cost. Royalty is paid at one of two rates, depending on the project’s status. The deciding factor is the project’s payout date . A project has “reached payout” once its cumulative revenues have exceeded its cumulative costs. Before the payout date, the applicable royalty is 1% of the project’s gross revenue. This low rate recognizes the high costs, long lead times and high risks associated with oil sands investment. It prevents undue strain on the developer’s financial resources during the most critical, start-up stages of the project. After the payout date, the applicable royalty is the greater of 1% of the project’s gross revenue or 25% of the net revenue for the period .



Peace River Projects

The Peace River properties (hereinafter referred to as “Cadotte West”, “Cadotte Central”, “Cadotte East”, the “Cadotte Leases” and the “Reno Leases”) are comprised of 56 oil sands leases with the Government of the Province of Alberta, Canada. All of the leases are for an initial 15-year term (and may then be converted to non-expiring leases) and require minimum annual lease payments to the Crown. Each lease grants the Company the right to explore for, develop and produce hydrocarbons from the geological formations described in each lease.

From February 2017

Strata Oil & Gas Inc. (“Strata”) has entered into a Letter of Intent with Petrosteam LLC (“Petrosteam”) to obtain an exclusive license to deploy patented and field tested proprietary technologies utilizing steam generation applied to bitumen and heavy oil recovery (the “Petrosteam Technology”) in the Provinces of Alberta and Saskatchewan (collectively the “Territory”). Under the exclusive license, Strata has the exclusive right to use the Petrosteam Technology to produce within the Territory from its own properties and from those of others.

Subject to final agreement, payment for the license includes issuance of restricted shares issued by Strata to Petrosteam, to wit: 5 million upon execution of the agreement; 5 million upon Strata stock price reaching $.50 USD; 10 million upon Strata stock reaching $6.00 USD; and 10 million upon Strata achieving commercial production.

As part of the exclusive license agreement and subject to the terms of the definitive agreement, Strata will purchase equipment, including steam generators, from Petrosteam. The first unit (5 mmbtu at 600 psi) will be acquired for $2 Million USD with the second (30 mmbtu at 850 psi) for $3.5 Million USD. Additional units may be purchased from Petrosteam as required by Strata.

Strata shall also pay to Petrosteam a royalty payment of six percent (6%) on that portion of gross revenues attributable to the Petrosteam Technology as defined in the purchase agreement. Strata has a first right of refusal to buy this royalty from Petrosteam.

Petrosteam is the exclusive owner of the patented Petrosteam Technology on a global basis. The Petrosteam Technology utilizes an oil steam generation system (patented), the High Temperature Mixed Gas Generator (HTM2G), utilizing patented Immersed Combustion Technology (ICT) to minimize emissions and waste heat as no combustion gases are released to the atmosphere. Produced gases are injected into the formation along with the steam providing additional energy to the reservoir in the form of compressed nitrogen (N2) and CO2. The Petrosteam Technology results in greater than 99% thermal transfer energy efficiency and also greater than 99% combustion efficiency and is virtually zero emission. The Petrosteam Technology also has a substantially smaller surface footprint than conventional steam generation technologies; and is highly mobile.

The Petrosteam Technology also includes a proprietary Cyclic Steam Stimulation computer model, which generates expected production increases from target reservoirs using available parameters such as pay thickness, porosity, permeability and crude API.

The Petrosteam Technology is patented and has been field tested.

Still nothing happening here. I would guess that oil will have to stabilize around $70 before anything happens. Patience

42.9% up...???

Someone trying to lure suckers in with a 450 share trade to raise it 167%. Be careful.

I plan to

SOIGF $$$

I found it. Is there a problem with it. You obviously have not been and have not been to Peace River. Not exactly a metropolis with sky scrapers. Very good people, but not much of a town.

I am still in.

STRATA OIL & GAS, INC.
FORM 20-F/A
(Amended Annual and Transition Report (foreign private issuer))
Filed 01/17/18 for the Period Ending 12/31/16

http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=12478810

Canadian heavy oil headed for highest levels in three years: GMP FirstEnergy

http://business.financialpost.com/commodities/energy/canadian-heavy-oil-headed-for-highest-levels-in-three-years-gmp-firstenergy

Can anybody make sense of all of this ?

The post from the New York Times, it mentions a Petro steam heavy oil extraction method,the link below is from the year 1981,


http://www.nytimes.com/1981/04/01/business/company-news-sullair-stirs-interest-with-steam-process-to-pump-heavy-oil.html

Petrosteam LLC address below, Google address below and look at the location in Google Maps.

3601 Pga Blvd 101
Palm Beach Gardens, Fl 33410

The links below is a profile of Petrosteam LLC.

https://www.corporationwiki.com/p/2f461t/petrosteam-llc

https://www.flbusinessgo.com/gg?utm_term=L16000108953

https://floridadb.com/company/L14000070876/petrosteam-llc

Who else is still hodling, SOIGF I want to know the brave men that will join me till the ship has sunk.

Seems like this is on life support.it should be at about 12 cents after the reverse split , the stock symbol was changed to SOIGD and then back to SOIGF and the share price on the website never changed from 0.01 cent. we should get ready for the funeral.
If you have not seen a picture of the so called Strata office , just Google the address below to see a picture ( Let me know if you find it ).

10010 98 St, Peace River, AB T8S 1J3, Canada

So what, this company at a pathetic all time low, this company is basically a driverless car. You should call and request an investors packet and have a nice chat with their voice mail. Surprised the phone company hasn't disconnected them

WOW! Oil is on fireeeee! Hit above $70 today!

Get ready for $4/gallon!

#ThanksObama #OhWait

Oil prices ease from 3-year highs after Brent crude rockets above $70 a barrel
https://www.cnbc.com/2018/01/11/brent-crude-rockets-to-3-year-high-above-70.html

Oil Reaches $70 a Barrel for First Time in Three Years
https://www.bloomberg.com/news/articles/2018-01-11/oil-reaches-70-a-barrel-for-first-time-in-three-years

Oil prices rise to hit four-year high of $70 a barrel
https://investorshub.advfn.com/secure/post_new.aspx?board_id=25757

Nice move up today, but only 9000 shares? Lol

This administration in Canada have a lot regulations and make this industry less competitive. Alberta Premier Rachel Notley and other politicians will change this.

Yes, the NDP party is the party of greenies in Canada. Right now they have the equivalent of our former Obama administration. Also BC can pretty much be comparably Canadian California. The Canadian people will dump the current administration just as we dumped the Obama administration. Things will change.

SOIGF one for 10 reverse split:

http://otce.finra.org/DLSymbolNameChanges

Alberta ranks 33rd on global list of attractive places for oil, gas investment: Fraser Institute

https://globalnews.ca/news/3884871/alberta-ranks-33rd-on-global-list-of-attractive-places-for-oil-gas-investment-fraser-institute/

$60 oil means supply and demand are finding balance

http://thehill.com/opinion/energy-environment/362338-60-oil-means-supply-and-demand-are-finding-balance

Alberta's oilpatch is heating up again
Oil and gas in the Duvernay Formation is attracting billions in investment

http://www.cbc.ca/news/canada/calgary/oil-alberta-energy-duvernay-formation-capital-investment-1.4424667

Excellent post!

Big Oil abandoning Canada’s oilsands in quest for cleaner crude

http://business.financialpost.com/commodities/energy/interview-statoil-plants-flag-in-big-oils-race-for-cleaner-crude

I dont know the answer to either question. One could call IR and find out.
I personally am not concerned about it. I will simply wait until the shakeout is over after the RS and increase my position. I got in this knowing full well it would likely p take years to pay off.

$SOIGF$$$~~>WHEN THEY'S A CRYIN<<~~>>I'S A BUYIN!!!! $$$

Try calling IR at 8772375443. 1000% chance you will get a voice mail, even greater chance they won't call you back. Do they even exist any more? Didn't use to be that way.