Strata-X sets closing date for Illinois Basin asset acquisition (Scandinavian Oil-Gas Magazine)

Strata-X sets closing date for Illinois Basin asset acquisition

Published Mar 24, 2014

The directors and management of Strata-X Energy Ltd. are pleased to announce that the Closing Date for the Company's planned acquisition of additional production and exploration assets in the Illinois Basin, has been set for March 24, 2014.

On March 4, 2014, Strata-X signed a Purchase and Sale Agreement with an undisclosed third party to acquire a producing horizontal well and approximately 23,595 net acres of exploration leases (the "Assets") adjacent to the Company's existing Vail Oil Project (Transaction).

Tags: Strata-X Energy Ltd.

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Strata-X sets closing date for Illinois Basin asset acquisition

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