Ft Lauderdale, Florida 1/6/2010 1:15:00 PM
News / Business

Strata Oil (OTCBB: SOIGF) Selects Vice President Engineering, Director

Strata Oil & Gas Inc. (OTCBB:SOIGF) recently announced the appointment of Shezad Ahmad to the position of VP Engineering and the Board of Directors.

"We are delighted to have Shezad aboard the team," said Manny Dhinsa, President of Strata. "Shezad's background in Petroleum Engineering is particularly valuable to Strata, as is his broad international business experience. We see Shezad's technical abilities and business acumen to be an excellent fit for Strata, as we continue to develop our world-class bitumen project in the Peace River region of Alberta, Canada." Mr. Ahmad brings to the company an advanced understanding of the issues surrounding the maximization of economic recoveries from subsurface hydrocarbon reservoirs.

 

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Strata owns 100% of the world-class Cadotte Project in the Peace River region of Alberta, a projected 56,000 barrel-per-day operation with an expected production life of more than 20 years and a discounted net-present-value of $1.2 billion. More information is included in Strata's filings with the Securities and Exchange Commission which may be accessed through the SEC's web site at www.sec.gov.

 

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