Strata Power Corp

Strata Power Corporation is engaged in the acquisition, exploration, and potential development of heavy oil projects. The company currently holds interests in oil sands properties located in the Peace River oil sands region in Northern Alberta, Canada. As of December 31, 2025, Strata Power Corporation has a partial interest in 7 oil sands leases, totaling 8,704 hectares, all situated in the Peace River oil sands area. Additionally, the company holds a royalty interest in 10 oil sands leases and owns 1 non-producing well. The development, production, and sale of oil in Alberta are subject to the laws and regulations of the Crown, which owns and controls the mineral and hydrocarbon rights. The company's oil sands leases are on Crown-owned lands controlled by the Alberta Energy Regulator (AER). To maintain these leases, Strata Power Corporation must make significant annual expenditures to the Crown and comply with regulations covering aspects such as well location and density, drilling and production permits, royalty payments, oil transportation, well operations, technical reporting, and taxation. The company could be liable for personal injuries, property damage, oil spills, hazardous material discharge, remediation, clean-up costs, and other environmental damages under these regulations.