Strata-X Ltd.Announces Resumption of Drilling
San Benito County, California
Golden, Colorado, January 19, 2012 - Strata-X Ltd. (Strata-X) (TSX.V:SXE) through its wholly owned subsidiary Strata-X, Inc. has been informed by the Vallecitos Project operator (Patriot Resources, LLC) that operations on the 6-31 RD2 stepout well at Vallecitos Field, San Benito County, California, have resumed. It is anticipated that the target interval in the Yokut Formation will be intercepted within 10 days, logged and cased if warranted. Strata-X has a 22.5% working interest and a 19% net revenue interest in the well and project.
Strata-X is a Edmonton, Alberta and Golden, Colorado based company and is engaged in the business of oil and gas exploration and development with a variety of exploration opportunities in North Dakota, and production and development opportunities in California and Texas. Strata-X has 42,563,156 common shares outstanding and trades under the symbol SXE on the TSX.V
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Public documents for Strata-X Ltd. (formerly known as Ozcapital Ventures Inc.) Can be found at SEDAR (www.sedar.com)