--  Commenced drilling operations on the Cinco Saus Creek #1 well 
--  Company expects to core approximately 600 feet of Eagle Ford and Buda
    Formation 
--  Investor presentation on Maverick Oil Project now available on Strata-X
    website



The Directors and management of Strata-X Energy Ltd. (TSX VENTURE:SXE)(ASX:SXA)
("Strata-X" or the "Company")  are pleased to announce that the Company started
drilling operations on the Cinco Saus Creek #1 well late on December 27 and that
it has released an investor presentation on the Maverick Oil Project. Cinco Saus
Creek #1 is the Company's first appraisal well in the Maverick Oil Project.
Strata-X is the operator of the well and retains an approximate 96.9% working
interest in it. Overall, the Company has acquired exploration rights to 10,945
mostly contiguous net acres in the Maverick Oil Project. 


The Cinco Saus Creek #1 well is permitted as a 4,400 foot vertical test of the
targeted Eagle Ford shale in the Maverick Basin. In the Company's assessment,
the thick hydrocarbon column within the Eagle Ford shale in and around the
Maverick Basin requires a different approach to drilling and completion methods
from those currently being utilized in deeper portions of the Eagle Ford shale
trend. As such, Strata-X anticipates coring approximately 600 feet of the
targeted Eagle Ford shale and Buda formations to better analyze this hydrocarbon
column. 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. A completion stimulation of the Cinco Saus Creek #1 well is
anticipated near the end of the first quarter of 2014.


Eagle Ford Trend- Statistics



--  Approximately 50 miles by 400 miles long, with 260 drilling rigs
    currently operating 
--  Current Production - 
    --  700,000 BOPD 
    --  3.2 BCFD
--  4,000 drilling permits issued by Texas Railroad Commission 
--  USGS has determined that the Eagle Ford has technically recoverable
    reserves of 1 billion barrels of oil and 52 TCF of gas.
    (http://pubs.usgs.gov/fs/2012/3003/FS12-3003.pdf)



The Company has released an Investor Presentation on the Maverick Oil Project
which can be found at www.strata-x.com.


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, Texas, Illinois and
Western Australia and production and development opportunities in California.
Strata-X has 139,785,415 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 www.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. (USA)
Tim Hoops
President
+1 855-463-2400
info@strata-x.com


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


Strata-X Energy Ltd. (Australia)
Duncan Cornish
Corporate Secretary
+61 7 3212-6299
dcornish@strata-x.com
www.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.