TECHNICAL REPORT EVALUATION OF BITUMEN RESOURCES CADOTTE CENTRAL AND WEST LEASES Submitted to: STRATA OIL AND GAS INC., Date May 10, 2013 Norwest Corporation Suite 2700, 411 – 1st Street, S.E. Calgary, Alberta T2G 4Y5 Tel: (403) 237-7763 Fax: (403) 263-4086 Email
[email protected] www.norwestcorp.com TABLE OF CONTENTS 1 EXECUTIVE SUMMARY ............................................................................................... 1-1 2 INTRODUCTION ............................................................................................................ 2-1 3 GEOLOGY ..................................................................................................................... 3-1 4 DATA AVAILABILITY .................................................................................................... 4-1 5 GEOLOGICAL INTERPRETATION ............................................................................... 5-1 6 IN PLACE RESOURCE CLASSIFICATION AND ESTIMATION METHODOLOGY ...... 6-1 6.1 COGH ASSURANCE OF EXISTENCE CLASSIFICATION ............................................ 6-1 6.2 DISCOVERED RESOURCE ESTIMATION APPROACH ................................................ 6-2 6.3 DETERMINISTIC ESTIMATE OF THE PETROLEUM INITIALLY IN-PLACE (PIIP) ............. 6-3 6.3.1 Input Parameters ................................................................................ 6-3 7 RECOVERABLE RESOURCE CLASSIFICATION AND ESTIMATION METHODOLOGY ..........................................................................................................