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Strata-X moving forward on two new unconventional oil projects in the USA


Published Aug 29, 2012
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Strata-X Ltd.

The directors and management of Strata-X Ltd provide the following update on the acquisition of two new high potential oil development projects.

Leasing for oil and gas exploration rights on the first project, the Vail Oil Project, has so far yielded approximately 35,800 gross and 33,850 net acres towards a target of 50,000 acres. The Company has 100% direct working interest and operates the project.

Strata-X has also entered into a conditional agreement to acquire and operate 75% working interest of approximately 21,000 gross and 15,000 net acres over a shale oil project in Texas.

Tags: Strata-X Ltd.




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