The directors and management of Strata-X Energy Ltd. has executed a Drilling Contract to drill the first horizontal well at the Vail Oil Project where Strata-X currently has a 100% interest in 46,300 net acres.

The Company executed a Drilling Contract with Les Wilson Inc. for the drilling of the horizontal appraisal well in the Vail Oil Project. The Company will utilize Les Wilson Inc.'s rig #25 which is expected to be available to commence drilling Strata-X's well in mid-May 2013.

Strata-X has submitted an application to drill the horizontal well to the proper regulatory agencies in the State of Illinois with the following expected parameters: a true vertical depth of 4,500ft, a true measured depth of 9,300ft and a horizontal leg length of 4,300ft. The permit to drill the well is expected to be approved by the State of Illinois in the coming weeks and will be followed by further press releases detailing the Company's plans in this project.

Tags: Strata-X Ltd.