Strata Oil & Gas Inc. (Strata) is an exploration stage company. The Company operates in the oil and gas industry with a focus on Canada�s carbonate-hosted bitumen deposits. The Company has interests in a total of 18 oil sands leases located in Northern Alberta, Canada. It has interests in oil sands properties located in the Peace River and Wabiskaw areas of Northern Alberta, Canada. The Drowned Property lies near the southern edge of the Wabasca Heavy Oil/Oil sands field in west Athabasca approximately 45 kilometers south of the town of Wabasca or 60 kilometers Northeast of Slave Lake. The Peace River Property lies in the Peace River oil sands field in Alberta approximate 40 to 50 kilometers northeast of the town of Peace River. The Peace River Property is comprised of 17 leases with the government of the Province of Alberta, Canada.