Strata-X Energy Ltd. is pushing ahead with its development of the Vail Oil Project's horizontal Burkett 5-34HOR well as part of its strategy to find and develop high reward opportunities.

Highlights •Commenced production testing of our 'proof-of-concept' well testing the Lingle Formation; •Higher than expected total fluid rates, with oil rates steadily increasing with the current rate at approximately 30 barrels oil/day; •An electric submersible pump was installed at a depth of 3,250'; The pump has a rated capacity of 1,000 barrels per day, it is currently operating at less than full capacity; •Natural gas is currently being flared and is estimated to be in excess of 100 mcf/day; future plans may include gas sales; •Permanent production facilities are being sourced.

Tags: Strata-X Energy Ltd.