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
-- 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
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!