Strata-X Engages Halliburton to Carry Out Well Stimulation
DENVER, COLORADO USA, BRISBANE, QUEENSLAND AUSTRALIA and VANCOUVER, BRITISH COLUMBIA CANADA - October 17, 2013 (Pacific Daylight Time - Canada)
- Strata-X has engaged Halliburton for the completion stimulation of the Burkett 5-34HOR well, Vail Oil Project.
- Work is expected to start the week of November 18, 2013.
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 contracted with Halliburton to conduct the completion stimulation of the Burkett 5-34HOR well for the Vail Oil Project, which work the Company anticipates will begin the week of November 18, 2013.
Strata-X engaged Halliburton for the completion stimulation after conducting a detailed examination of the data gathered from the core of the targeted Devonian Lingle formation along with data collected during the drilling of the well and from the breakdown and pressure test conducted after the lateral liner was set. The Burkett 5-34HOR was drilled as a test of the Devonian Lingle formation and reached a total depth of 6,762 feet including a 1,824 foot lateral. During the drilling of the well in the targeted Devonian Lingle formation, oil and gas shows were encountered and oil was visible in the drilling mud.
Please refer to the Vail Project Primer found on the Company’s website (www.strata-x.com) which illustrates the current stage of the well and the Company’s plans for its stimulation and testing. The Company owns a 100% working interest in the well and 48,300 net acres in the Vail Oil Project overall.
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 123,912,453 common shares outstanding and trades under the symbol “SXE” on the TSX-V and “SXA” on the ASX.
For further information contact:
|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.