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Welcome to Strata-X Energy

 

Strata-X Energy Ltd. (TSX.V:SXE)(ASX:SXA) is an independent oil and gas exploration company listed on the Australian Securities Exchange and also the TSX-Venture Exchange. Based in Denver, Colorado, USA. Strata-X Energy has a portfolio of petroleum projects, with a focus on its 100% owned Serowe CBM Project and newly awarded Project Venus a 50/50 Joint Venture with Real Energy (ASX:REL) targeting the Walloon Coals of the Surat Basin (Australia), which provides diversification of high growth exploration opportunities for its shareholders.


More Information on recently award Project Venus in the Surat Basin of Australia can be found here


Strata-X Energy’s 1,129,000 acre Serowe CBM Project is located in the Republic of Botswana, where it explores a potential multi-TCF coal seam gas resource. An active 2020 appraisal programme is planned for the Serowe CBM Project, where the Company retains a 100% interest in the project located in the heart of the Kalahari Basin. The 6.08 Tcf Prospective Resource tenement position directly adjoins projects approved for commercial CBM development. The Serowe CBM Project will be the growth driver for the Company in 2020 and beyond as it executes on a staged exploration plan to delineate and prove-up the CBM resource.  The initial focus of the Company’s 2020 appraisal programme will be to production-test direct offset areas within the Company identified high-graded area, where a historically cored well was drilled in 2003 by the Government of Botswana and intersected about 8 metres of bright coals with gas saturations up to 100%. 

The company’s management has a proven track record of building substantial shareholder value from grass roots projects. The Executive Chairman of the Company, Vancouver born and educated, Ron Prefontaine, was an executive director of two ASX listed start up companies which have recently been taken over for in excess of A$3.5 billion and A$550 million respectively. The company’s mission is to create substantial growth for its shareholders by finding and developing high reward opportunities that have relatively low entry costs, acquiring meaningful acreage positions in those opportunities, owning a large working interest and retaining operations when it is meaningful to do so.

 

November 2019 - Project Venus Introduction

2019 Q3 TSX MD&A