Strata Power Corp SPOWF

Energy Oil & Gas E&P

Strata Power Corporation is a Canada-based company engaged in the acquisition, exploration and development of heavy oil projects in the Peace River oil sands region in Northern Alberta, Canada (the Peace River Properties). The Peace River Properties are located in the Peace River oil sands region in Alberta approximately 40 to 50 kilometers away from the town of Peace River. The Company has a partial interest in 7 oil sands leases, totaling 8,704 hectares, all located in the Peace River oil sands area. In addition, the Company has a royalty interest in 10 oil sands leases and owns one non-producing well.

OTCPK:SPOWF - Post by User

Strata Power Corp > "Tar Pit" hehe

<< Previous

Bullboard Posts

Next >>

Comment by Wuggyon Mar 22, 2006 7:22pm

326 Views

Post# 10544702

RE: "Tar Pit" hehe

I have tried too many times to post the source links, so give up. Run a Google search for Stratabase and Strata, and you'll get it. My concern with this play is that a software outfit has somehow snagged a tract of land and 'reformed' into a would-be oilsands developer without any clear plan of how to go about it. The website (stratoil dot com) says that they don't know if they'll ever see one barrel! IMO, the more realistic explanation is that they're waiting for a buyer to flip their lease. I don't see how shareholder value is measurable under the present circumstances.

<< Previous

Bullboard Posts

Next >>

This junior mining stock offers billions in market exposure