--  Commenced coring operations on 600 feet of Eagle Ford and Buda
    Formations, Maverick. 
--  Completed wellbore cleanout on Vail Burkett well. 



The directors and management of Strata-X Energy Ltd. ("Strata-X" or the
"Company") (TSX VENTURE:SXE) (ASX:SXA) are pleased to provide an update on the
continued exploration and appraisal programs on the Company's Maverick and Vail
Oil Projects where Strata-X is the operator and majority interest owner.


Maverick Oil Project, Eagle Ford, South Texas - 10,945 net acres

The Company has begun coring approximately 600 feet of the targeted Eagle Ford
shale and Buda Formation on the Cinco Saus Creek #1 well in the Maverick Oil
Project. Drilling operations began on December 27, 2013. 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.


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


Vail Oil Project, Illinois Basin - 100% of 49,200 net acres

Further to the Company's announcement on December 10, 2013, Strata-X has
completed the clean out of the wellbore of the Burkett 5-34HOR following a
"screen out" event during a completion stimulation attempt by the Company in
November 2013. The Company is working with Halliburton to schedule the next
completion stimulation on the Burkett 5-34HOR well. 


Strata-X has acquired a 100% net working interest in oil and gas exploration
rights on 49,200 net acres covering the Vail Oil Project in the Illinois Basin,
USA. Please refer to the Vail Project Presentation found on the Company's
website (www.strata-x.com) for more information about this project.


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 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 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: 
Tim Hoops (USA)
President
+1 855-463-2400
info@strata-x.com


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


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.