Description Strata Oil & Gas (formerly Stratabase) is on shifting ground. Formerly a provider of knowledge worker automation software used to manage relationships, organize time allocations, and synchronize data, the company has sold its software assets and shifted its focus to exploration and development of oil sands and heavy oil in Canada. Strata is focusing on carbonate-hosted bitumen deposits in the Peace River area of Alberta. Its total land holdings consist of approximately 112,692 acres with 111,692 acres (165 sections) located in the Peace River area.