(Pacific Daylight Time - Canada) 

The directors and management of Strata-X Energy Ltd. ("Strata-X" or the
"Company") (TSX VENTURE:SXE)(ASX:SXA) are pleased to announce that the Company
has started operations on the Burkett #5-34HOR horizontal well on its Vail Oil
Project. The Burkett 5-34HOR horizontal well is the first appraisal well in the
Vail Oil Project. The Company owns a 100% working interest in the well and
48,000 net acres in the project overall. 


The Burkett 5-34HOR well is to be drilled in Clay County, Illinois, west of the
town of Xenia, Illinois. As previously announced (Press Release dated April 7,
2013), the Company executed a Drilling Contract with Les Wilson Inc. for the
Burkett 5-34HOR well which is expected to test the Devonian Lingle formation, a
dolomitic reservoir which lies directly below the hydrocarbon rich New Albany
Shale. 


The permit issued by the Illinois Department of Natural Resources (IDNR) for the
drilling of the well authorizes the following (approximate) drilling parameters:
a true vertical depth of 4,500ft, a true measured depth of 9,300ft and a
horizontal leg length of 4,300ft. Strata-X anticipates drilling the Burkett
5-34HOR well in two stages. First, the Company plans to drill a vertical hole to
the top of the target formation and then core approximately 60 feet of the
formation. Once this first stage has been completed, the Company intends to plug
back the vertical section of the well and drill the horizontal leg. The
information gained from the analysis of the core and well logging is expected to
assist the Company in designing the most efficient completion method for the
well. The Company anticipates drilling operations to take approximately 40 days.


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 123,752,453 common shares outstanding and trades under
the symbol "SXE" on the TSX-V and "SXA" on the ASX. 


This announcement was made in Canada for the TSX.V and in Australia for the ASX.

Public documents for Strata-X Energy Ltd. can be found at SEDAR (Canada)
(www.sedar.com) and ASX.com.au (Australia).


By definition of the COGE Handbook - "Undiscovered resources are those
quantities of oil and gas estimated on a given date to be contained in
accumulations yet to be discovered." The Handbook further states - Caution (per
NI 51-101/5.9(2)(v)(B)) - "There is no certainty that any portion of the
resources will be discovered. If discovered, there is no certainty that it will
be commercially viable to produce any portion of the resources." In addition,
per NI 51-101/5.6 "the estimated values disclosed do not represent fair market
value."


CAUTIONARY STATEMENTS

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
is 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 www.sedar.com. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Strata-X Energy Ltd.
Tim Hoops (USA)
President
+1 720-515-8793
info@strata-x.com


Strata-X Energy Ltd.
Colin Christensen (Canada)
Investor Relations
+1 403-483-8363
colin@strata-x.com


Strata-X Energy Ltd.
Duncan Cornish (Australia)
Corporate Secretary
+61 7 3212-6299
dcornish@strata-x.com
Strata X Energy (TSXV:SXE)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Strata X Energy Charts.
Strata X Energy (TSXV:SXE)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Strata X Energy Charts.