Strata Power is a pre-revenue, early-stage oil sands exploration company focused on heavy oil and bitumen deposits in Alberta, Canada. Strata's core asset is a partial interest in 7 oil sands leases totaling 8,704 hectares in the Peace River region of northern Alberta, plus a royalty interest in 10 additional leases and one non-producing well. The company's exploration focus is on two geological formations in its Cadotte lease area: the Debolt/Elkton carbonate Carboniferous formation and the Bluesky/Gething clastic Cretaceous formation. Strata has conducted exploratory drilling dating back to 2006-2007, with results indicating cold production is not viable but that bitumen flows at approximately 85°C, pointing toward in-situ thermal recovery as the likely extraction method. No further drilling has occurred since, and Strata has no proved reserves and no commercial production. The company funds its operations through equity financing, specifically private placements and warrant exercises, and operations are largely dormant until Strata can assemble adequate capital for further exploration and development. If Strata were to successfully develop its properties, it would produce and sell bitumen or heavy oil subject to Alberta's oil sands royalty regime. Originally incorporated in Nevada in 1998 as a CRM software company, Strata pivoted to oil and gas exploration in 2005 and changed its name to Strata Power in 2018.