CALGARY, ALBERTA--(Marketwire - Aug. 2, 2012) - Strata Oil (OTCQB:SOIGF), a leader in the exploration and development of heavy oil from carbonates, today announced the appointment of Dr. Michael J. Ranger to the Board of Directors.
Dr. Ranger is a well-respected expert in the petroleum industry with a prolific career providing services to an array of the world's largest oil companies. He is currently an independent petroleum consultant and is also a director of Canadex Resources Ltd. Prior to this, he served on the Scientific Advisory Board of Gushor Inc. from 2007 to 2009, and as a senior geologist at Gulf Canada Resources between 1977 and 1985.
"We are delighted that Dr. Ranger has joined our board to provide his expertise," said Ron Daems, president of Strata Oil and Gas. "Having conducted and supervised a number of extensive resource evaluation and research projects around the world for some of the largest oil companies, Dr. Ranger brings a wealth of knowledge that reflects his technical, academic and business acumen. We look forward to working with Dr. Ranger as we continue to focus on the development and expansion of our Cadotte Project."
Dr. Ranger holds a Doctorate in petroleum geology from the University of Alberta. He also holds a Masters degree in sedimentary geology from Memorial University of Newfoundland, and a Bachelor of Science degree in geology from Concordia University. His professional affiliations include the American Association of Petroleum Geologists; Canadian Society of Petroleum Geologists; and the Canadian Well Logging Society.
About Strata Oil and Gas
Strata Oil and Gas is a US-publicly traded company focused on the exploration and development of heavy oil from carbonates. The company currently holds a 100% interest in 52,480 acres of oil sands leases in the Peace River region of Alberta's Carbonate Triangle. Strata's Cadotte project has been independently evaluated, with a contingent resource of 517 million recoverable barrels and a net present value of $1.3 billion. For more information, go to the company's website at www.strataoil.com.
Strata Oil & Gas is a trademark of Strata Oil & Gas Inc. This announcement contains forward-looking statements which involve risks and uncertainties that include, among others, limited operating history, risks related to petroleum exploration, limited access to operating capital, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. All statements made herein concerning the foregoing are qualified in their entirety by reference to the Pre-Feasibility Study which has been filed with the SEC. 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.