Strata-X Ltd. Announces Plans to Complete Vallecitos Well
San Benito County, California
Golden, Colorado, January 27, 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 ST1 stepout well at Vallecitos Field, San Benito County, California, has reached a total depth of 3,952 feet. Evaluation logs were run on the objective Yokut Formation and an election to run pipe and complete the well has been made. It is anticipated that the completion work will begin in 10 days. 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)