Positive Test at Blue Spruce-1 well
DENVER, COLORADO USA, BRISBANE, QUEENSLAND AUSTRALIA and VANCOUVER, BRITISH COLUMBIA CANADA - February 2, 2015 (Pacific Time - Canada)
The directors and management of Strata-X Energy Ltd. (“Strata-X” or the “Company”) (TSX-V:SXE) (ASX:SXA) announce that further to its news release dated January 19, 2015, the completion testing of the Blue Spruce #1 well on the Illinois Oil Project is advancing. To date, the Company has perforated and swab tested the lower two of the four potential oil zones identified on logs and drill samples. Oil with gas was recovered at sufficient rates in the shallower of the two zones to allow the Company to move forward with installing permanent production facilities. (1)
Testing operations on the upper two oil zones including the primary zone of interest, the Aux Vases formation should occur over the next two weeks. The area has experienced a warmer than normal winter resulting in un-favorable ground conditions which have hampered operations. Given the current ground conditions, the construction of production facilities may be delayed until conditions improve.
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, Texas, Illinois and Western Australia and production and development opportunities in California. Strata-X has 156,584,977 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||Julia Maguire (Australia)
|President||Investor Relations||Investor Relations|
|+1 855-463-2400||+1 403-483-8363||+61 419 815 386|