Strata-X Appoints Australian Corporate Secretary, Completes Conversion of Outstanding Convertible Notes


The directors and management of Strata-X Energy Ltd. (“Strata-X” or the “Company”) (TSX.V:SXE) (ASX:SXA) are pleased to announce the appointment of Duncan Cornish as Corporate Secretary (Australia).  

Mr. Cornish is an accomplished and highly regarded corporate administrator and manager. He has many years experience in pivotal management roles in capital raisings and stock exchange listings for numerous companies on the ASX, AIM Market of the London Stock Exchange and the Toronto Stock Exchange. Highly skilled in the areas of company financial reporting, company regulatory, secretarial and governance areas, business acquisition and disposal due diligence, he has worked with Ernst & Young and PricewaterhouseCoopers both in Australia and the UK.

Mr. Cornish is currently Company Secretary and CFO of other listed companies on the ASX and TSX-V where he has assisted in their listing and capital raising. He is supported by a small experienced team of accountants and administrators.

The Company also advises that in connection with the completion of its initial public offering in Australia (see press release dated March 7, 2013), Strata-X converted then outstanding Convertible Debentures into Units at a price of $0.25 per Unit. Each Unit comprises one common share and ½ of a common share purchase warrant exercisable at a price of $0.50 per share until October 29, 2016. An aggregate of $4,181,000 in Convertible Debentures was converted into 16,724,000 Units. Additionally, the Company will settle outstanding interest of $60,708 due on the Debentures, representing an annual rate of 5% payable semi-annually in arrears, into 132,848 units (each an “Interest Unit”) and 29,041 shares (in respect of Debentures held by insiders) at a deemed price of $0.375 per Interest Unit or share, as applicable. Each Interest Unit comprises one common share and ½ of a common share purchase warrant exercisable at a price of $0.375 per share until October 29, 2016.

About Strata-X
Strata-X is a Denver, Colorado (USA) based company and is engaged in the business of oil and gas exploration and development with a variety of exploration opportunities in North Dakota, California, Colorado, Texas, Illinois and Western Australia and production and development opportunities in California. Strata-X has 123,236,013 common shares outstanding and trades under the symbol “SXE” on the TSX.V and “SXA” on the ASX.

For Further information contact:

Tim Hoops  or  Colin Christensen or Duncan Cornish
President   Investor Relations   Corporate Secretary
+1 720-515-8793   +1 403-483-8363   +61  7 3212-6299

Public documents for Strata-X Energy Ltd. can be found at SEDAR (Canada) ( and (Australia).

This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. The use of any of the words "anticipate", "continue", "estimate", "expect", 'may", "will", "project", "should", 'believe", and similar expressions are intended to identify forward-looking statements. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected and the forward-looking statements included in this news release should not be unduly relied upon. See "Risks and Uncertainties" in the Company's Filing Statement dated August 30, 2011 available on SEDAR at These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation. This news release does not constitute an offer to sell securities and the Company is not soliciting an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.