Strata Power Corporation operates as an exploration-phase entity primarily focused on the acquisition, exploration, and development of oil and natural gas assets across Canada. Its core business revolves around carbonate-hosted bitumen deposits. By the close of 2021 (December 31st), the company reported a 50% ownership stake in seven oil sands leases, spanning 8,704 hectares within Northern Alberta's Peace River oil sands region. Additionally, it holds royalty interests in ten other oil sands leases and possesses three non-producing wells. Previously known as Strata Oil & Gas Inc., the firm adopted its current name, Strata Power Corporation, in December 2018. Established in 1998, Strata Power Corporation's corporate headquarters are situated in Calgary, Canada.