Strata Power Corp (SPOWF)
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Strata Power Corp Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Trevor Newton CEO | OTC PINK Exchange | 84855P101 CUSIP |
| CA Country | 12 Employees | - Last Dividend | 1 Dec 2017 Last Split | - IPO Date |
Overview
Strata Power Corporation is an exploration stage company based in Calgary, Canada, specializing in the acquisition, exploration, and development of oil and gas properties. Focused primarily on carbonate-hosted bitumen deposits, the company marks its presence in the Canadian energy sector by holding significant interests in oil sands leases, specifically within the Peace River oil sands region in Northern Alberta, Canada. Having transitioned from Strata Oil & Gas Inc. in December 2018, Strata Power Corporation's rebranding reflects its strategic adjustment and expansion in the energy domain. Since its inception in 1998, the company has been actively involved in enhancing its portfolio of energy resources, contributing to Canada's vast energy market with a concentration on bitumen, a major petroleum product extracted from oil sands.
Products and Services
The core activities of Strata Power Corporation revolve around the exploration and development of oil and gas properties, with a significant focus on two main areas:
- Oil Sands Leases: Strata Power Corporation holds a 50% interest in 7 oil sands leases, covering an area of approximately 8,704 hectares located in the Peace River oil sands region in Northern Alberta. These leases are central to the company’s exploration and development activities, targeting carbonate-hosted bitumen deposits. The strategic location and vast area of these leases present an opportunity for Strata Power to potentially discover and develop significant oil sands resources.
- Royalty Interests and Non-Producing Wells: In addition to its oil sands leases, Strata Power Corporation has a royalty interest in 10 oil sands leases, further adding to its investment in the energy sector. Alongside these interests, the company also owns 3 non-producing wells. This diversified portfolio not only showcases Strata Power’s commitment to exploring various avenues within the oil and gas industry but also positions the company to capitalize on future production and development opportunities.
