The directors and management of Strata-X Energy Ltd provide an update on the Company's co-listing on the Australian Securities Exchange (ASX) and to announce that its subsidiary company, Strata-X, Inc., has completed and closed a Transaction to purchase three producing oil and gas leases (Transaction) in the State of Illinois, USA to further the development of the Vail Oil Project.

The acquired properties cover 160 gross acres and include a total of six wells, of which four are producing, one is shut-in and one is an active salt water disposal well. Strata-X, Inc. will be the operator of the properties. The total cost of the Transaction was $306,900 USD. Currently, the wells are producing approximately five barrels of oil per day. The leases and wells acquired in the Transaction will assist the Company in its exploration of the Vail Oil Project by providing increased well control in the area in which the Company intends to drill its first horizontal well, thereby reducing drilling risk.

Tags: Strata-X Ltd.