Business Plan

Strategic’s planned growth is from increasing recovery of oil from mature or overlooked reservoirs, with large original oil in place numbers, using their technical team’s expertise.

Their main focus is on developing the low entry price, high-impact oil resource play at Maxhamish. The Company continues its program to enhance recovery of oil from the Taber and Conrad fields. In addition, Strategic continues to look for the next high impact light oil opportunity. 

Strategic is:

  • well financed with $34 million cash on-hand and an unutilized line of credit of $5.0 million.
  • in the position to maximize the potential of the resource play at Maxhamish, BC with a 38.5% working interest in over 100 sections of land.
  • entering the early develoment phase at Maxhamish in 2011 including infrastructure, drilling and facilities.
  • rich with technical expertise to significantly increase oil production through drilling and optimization work at its Taber and Conrad properties and Maxhamish.
  • well positioned as an oil focused company with all of its capital program relating to oil development opportinuties.