Interesting numbers given for production potential:
Company states: "Production for Strata's Cadotte Project is estimated to be a maximum of approximately 56,000 barrels per day during the main period of development. The production life for this schedule exceeds 20 years."
Hmmmm-break this down. Oil trading north of $100/barrel. Cost to produce this oil should be south of $30/barrel. Gross Profit estimate of $70/barrel under current conditions. Multiply this by the companies estimates of 57,000 barrels per day at maximum production and you get just under $4 MILLION GROSS PROFIT PER DAY for the next 20 YEARS. HMMM-LOOKING at $1.3 BILLION per year in Gross Profits!!!!! WE have a current market cap of under $100 million. Looks like a 10 bagger is unfolding before our eyes in the very short term. Not counting more oil area to explore already in the companies pockets. Enjoy all-we are about to experience some fun!!!!!