Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/oil/exploration/strata-x-energy-gaining-momentum-in-illinois-basin.shtmlStrata-X Energy gaining momentum in Illinois Basin
Strata-X Energy Ltd. is pushing ahead with its development of the Vail Oil Project's horizontal Burkett 5-34HOR well as part of
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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.
