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Strata Power Corp SPOWF

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

Comment by Wuggyon Apr 13, 2006 12:42am
415 Views
Post# 10673366

RE: SOIGF oil reserves

RE: SOIGF oil reserves I haven't seen any reason to change my previous assessment: "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." People are grabbing shares in the off chance that this might turn out to be the Next Big Thing, but if it was the Next Big Thing, don't you think bigger hands would have punched some test holes ages ago? I'll stick with the core oilsands and Saskatchewan plays for now, unless the bomb dumping starts again in the ME.
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