Strata Oil & Gas Inc. (SOIGF.OB) Inks Agreement for Bitumen Recovery Technology
Strata Oil & Gas Inc. announced today that it has entered into an option agreement with the University of Alberta for the exclusive Canadian license to the technology relating to "Steam-Over-Solvent Injection for Heavy-Oil Recovery in Fractured Reservoirs". Developed by researchers at the University of Alberta, this technology is designed to extract bitumen from fractured carbonates. "The carbonate-hosted bitumen resources of Alberta are the next frontier in the North American oil industry. Like oil sands two decades ago, carbonates represent an enormous and relatively untapped petroleum resource," stated Manny Dhinsa, President of Strata. The bitumen recovery technology is easily implemented…