Strata-X UPDATES BURKETT WELL, TO PRESENT AT THE GOOD OIL CONFERENCE
DENVER, COLORADO USA, BRISBANE, QUEENSLAND AUSTRALIA and VANCOUVER, BRITISH COLUMBIA CANADA – AUGUST 14, 2013 (Pacific Daylight Time – Canada)
The directors and management of Strata-X Energy Ltd. (“Strata-X” or the “Company”) (TSX.V:SXE) (ASX:SXA) are pleased to announce that the Company has completed drilling operations to the landing point of the Burkett 5-34HOR well for the Vail Oil Project at 4,984 feet measured depth. During the drilling of the curve on the horizontal well, oil and gas shows were encountered in the New Albany Shale formation in addition to encountering oil and gas shows in the targeted Devonian Lingle formation. Operations are currently being undertaken to set production casing to the landing point of the well after which the lateral portion of the well will be drilled in the targeted Lingle formation. The Company incurred a delay in reaching the landing point of the well due to technical complications kicking off the well from the vertical pilot hole and drilling rig issues, both of which have been resolved. The Company owns a 100% working interest in the well and in 48,000 net acres in the Vail Oil Project overall.
Further, the Company is pleased to announce its participation in the RIU Good Oil Conference which is being held September 3rd and 4th, 2013 in Freemantle, Western Australia. Timothy Hoops, President and Director Strata-X, will give a presentation on the Company on September 4th, 2013 at the afternoon session. The Good Oil Conference is one of the leading investment forums for junior explorers in Australia.
As previously announced (Press Release dated July 17, 2013) the Company has released an Investor Presentation on the Vail Oil Project which can be found www.strata-x.com.
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 123,752,453 common shares outstanding and trades under the symbol “SXE” on the TSX-V and “SXA” on the ASX.
|Tim Hoops (USA)||or||Colin Christensen (Canada)||or||Duncan Cornish (Australia)|
|President||Investor Relations||Corporate Secretary|
|+1 855-463-2400||+1 403-483-8363||+61 7 3212-6299|
This announcement was made in Canada for the TSX.V and in Australia for the ASX.