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Strata Oil & Gas Inc. Message Board

  • mrrutintutin mrrutintutin Jun 11, 2013 10:00 AM Flag

    News

    CALGARY, ALBERTA, Jun 11, 2013 (Marketwired via COMTEX) -- Strata Oil & Gas
    Inc. ("Strata" or the "Company") (OTCQB:SPIGF), today released a regional update
    on bitumen production in the Peace River and nearby Athabasca regions of
    Alberta. Strata Oil recently completed a resource evaluation on both its Cadotte
    Central and Cadotte West holdings, a step that brings the Company to the cusp of
    the completion of Phase 1 of a five phase plan to develop its 52,480 acre
    holdings.

    -- Strata Oil has a 3.4 billion barrel project in the oil sands of Alberta,

    the third largest proven crude reserve in the world, only after Saudi

    Arabia and Venezuela. This significant 100%-owned resource solidifies

    Strata's position as world-class participant in the Alberta oil sands.

    -- Trans-Canada has moved forward with the southern portion of its Keystone

    XL Pipeline, the Gulf Coast Pipeline Project. Having received the

    approval for the proposed route through Nebraska, Trans-Canada is

    anticipating approval this year for the northern portion of the Keystone

    XL Pipeline. This would bring the projected in-service date to 2015.

    -- The Keystone Pipeline would give Alberta's crude oil producers access to

    a pipeline that will have the capacity to transport 830,000 barrels of

    oil per day, past major oil refineries in the American Midwest, all the

    way down to the Gulf Coast. The starting point of the Keystone pipeline

    would put the Peace River region, including Strata with its 3.4 billion

    barrel resource, in working proximity to the Keystone Pipeline.

    -- The Enbridge Northern Gateway Pipeline is advancing forward with plans

    to construct a pipeline stretching from the Alberta oil sands to a

    tanker port on the North Coast of British Columbia, Canada. This would

    give crude oil producers the ability to move 525,000 barrels of oil per

    day, allowing Canadian crude oils to be exported directly to countries

    in t

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    • The infrastructure is moving forward in our area. This will be very important to everyone in the area. Good to see the big boys of the area are working together. This makes everyones reserves worth more. Matter of time now for some big deal to hit us. WE HAVE THE OIL in REMARKABLE QUANTITY and QUALITY! Someone will want to take advantage of this resource that we all can win with!

      Sentiment: Strong Buy

 
SOIGF
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