Strata Power Corp.
SPOWF
Other OTC0.01
USD
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Strata Power Corp.
SPOWF
(Other OTC)
Recent
price
0.01
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Strata Power Corporation engages in the acquisition, exploration, and development of oil and gas properties in Canada, focusing on heavy oil and carbonate-hosted bitumen deposits in the Peace River oil sands region of northern Alberta. The company holds partial and royalty interests in oil sands leases covering approximately 8,704 hectares, including its 100%-owned Cadotte project, which features contingent resources estimated at 245 to 571 million barrels of bitumen in the Debolt carbonate formation; it also owns a non-producing well. Operations target bitumen from carbonates and heavy oil production using thermal extraction technologies such as steam-assisted gravity drainage. Founded in 1998 by Trevor B. Newton and headquartered at 500 4th Avenue SW, Suite 2500, Calgary, Alberta, Canada T2P 2V6, Strata Power operates as an exploration-stage entity within the energy sector's oil and gas exploration and production segment. The company caters to markets involving in-situ recovery of unconventional hydrocarbons, with interests adjacent to major projects by Shell and Koch in the Peace River area. Its asset base supports potential production exceeding 56,000 barrels per day over project life, with net present value estimates surpassing $1.2 billion for the Cadotte development. Formerly known as Strata Oil & Gas Inc., the company changed its name to Strata Power Corporation in December 2018 to reflect a strategic shift toward broader power-related opportunities in the energy transition. Recent financial reporting includes earnings results for the second quarter and six months ended June 30, 2025, alongside trailing twelve-month revenue of approximately $92,000 to $192,000 and ongoing exploration activities. No major acquisitions, funding rounds, or new product launches have been announced in the last 1-2 years, with focus remaining on advancing the Cadotte project toward production testing and reserve status.