Calgary - Strata Oil & Gas Inc (SOIGF-OTCBB) is pleased to announce that Manny Dhinsa has been appointed president of the company. Mr. Dhinsa is an accomplished petroleum geologist who has been working in the Alberta oilpatch for more than a decade. His clients have included world-class oil & gas companies such as Encana, Nexen, Devon and CNRL. He has been involved in advanced exploration programs throughout Alberta, Saskatchewan and northeast British Columbia, including heavy oil exploration in the Lloydminster area (CNRL) and Encana's massive natural gas resource in the Greater Sierra play. Mr. Dhinsa graduated from the University of Alberta with a Bachelor of Science degree in geology.
"Manny is a highly capable and experienced professional in the petroleum industry," said Trevor Newton, outgoing president. "We look forward to benefiting from his experience and leadership in successfully building Strata Oil & Gas."
Also joining the board is Pol Brisset. Mr. Brisset is a Calgary-based finance & marketing professional. During his career he has worked for such multi-billion dollar corporations as Coors and Molson. His knowledge and experience in business operations and team development is of specific importance to Strata. Mr. Brisset is fluent in English and French, and received his Business degree from the University of Quebec at Montreal.
Resigning as officers and directors of Strata Oil & Gas are Fred Coombes and Trevor Newton, vice-president and president respectively.
Remaining on the board of directors is Scott Praill. Mr. Praill is a financial professional who has been employed by leading companies such as Westcoast Energy (acquired by industry-giant Duke Energy), and was a Senior Accountant for Price Waterhouse (now Price Waterhouse Coopers). Mr. Praill has extensive experience in public company financial reporting including compliance with Canadian and US securities exchange requirements and audit procedures. Mr. Praill has earned the designations of Chartered Accountant, Certified Public Accountant, and Bachelor of Science from Simon Fraser University.
About the company.
Strata Oil & Gas is a junior petroleum exploration company, with its head office located in Calgary, Alberta. Says president Manny Dhinsa, "Our goal is to provide exceptional shareholder returns in a rising petroleum market, and our focus is to provide greater exposure to petroleum prices by maximizing our in-place resource per common share. Remaining centered exclusively in North America as a means to minimize risk, our emphasis is on full-cycle exploration."
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. 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 http://www.sec.gov.
Terry Uppal, Investor Relations