Strata Oil & Gas Inc. ("Strata") (OTCBB: SOIGF) is pleased to announce the appointment of Shezad Ahmad to the position of VP Engineering and the Board of Directors.
Mr. Ahmad is an experienced professional in the petroleum industry, with extensive technical expertise and a broad business background. He has worked overseas in the natural gas and petrochemical industries, and throughout the Middle East. Mr. Ahmad has served as a senior engineer for Schlumberger in Alberta, Canada.
"We are delighted to have Shezad aboard the team," said Manny Dhinsa, President of Strata. "Shezad's background in Petroleum Engineering is particularly valuable to Strata, as is his broad international business experience. We see Shezad's technical abilities and business acumen to be an excellent fit for Strata, as we continue to develop our world-class bitumen project in the Peace River region of Alberta, Canada."
Mr. Ahmad brings to the company an advanced understanding of the issues surrounding the maximization of economic recoveries from subsurface hydrocarbon reservoirs.
Mr. Ahmad received his B.Sc. in Petroleum Engineering from the University of Alberta.
Strata owns 100% of the world-class Cadotte Project in the Peace River region of Alberta, a projected 56,000 barrel-per-day operation with an expected production life of more than 20 years and a discounted net-present-value of $1.2 billion.
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.