Strata Oil & Gas Inc.
OTCQB : SOIGF

April 24, 2012 12:00 ET

Strata Oil & Gas Initiates Resource Study in Cadotte West Holdings

--Company Engages International Consulting Firm Norwest Corporation to Conduct 51-101 Compliant Resource Evaluation Study of Cadotte West Holdings--

CALGARY, ALBERTA--(Marketwire - April 24, 2012) - Strata Oil and Gas (OTCQB:SOIGF), a leader in the exploration and development of heavy oil from carbonates, today announced that the company has engaged international consulting firm Norwest Corporation to conduct a 51-101 compliant engineering resource evaluation of 22 sections of its Cadotte West holdings. The works includes the incorporation of any new data that has become available to update the previously reported Cadotte East feasibility study.

Currently, Strata is executing on Phase 1 of a five phase plan to develop its 52,480 acre holdings, located in the Peace River region of Alberta's Carbonate Triangle. The Cadotte West holdings comprise of approximately 14,080 acres.

Founded in 1979 and headquartered in Calgary with offices worldwide, Norwest Corporation previously conducted similar studies for Strata's Cadotte East and other holdings.

"We are pleased to have a consulting firm of Norwest Corporation's caliber conducting the 51-101 study for Strata's Cadotte West holdings," said Ron Daems, president of Strata Oil and Gas. "Norwest has more than 30 years of experience as a leader in providing analysis, reporting, modeling and consulting expertise in oil sands projects in Canada and internationally. Their engagement in this important element of our Phase 1 plan is invaluable in assuring that we obtain an accurate and realistic valuation on our Cadotte West holdings."

About Strata Oil and Gas

Strata Oil and Gas is a US-publicly traded company focused on exploration and development of heavy oil from carbonates. The company currently holds 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 contingent resource of 517 million recoverable barrels and a net present value of $1.3 Billion. For more information, go to the company's website at www.strataoil.com.

Strata Oil & Gas is a trademark 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 Pre-Feasibility Study which has 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 www.sec.gov.

Contact Information

  • Strata Oil & Gas Inc.
    Investor Relations
    1-877-237-5443 or 1-403-237-5443
    info@strataoil.com