August 29, 2014 1:20 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Strata-X Energy Ltd.

Company Overview

Strata-X Energy Ltd., through its subsidiaries, engages in acquisition, exploration, and development of oil and gas properties in the Unites States and Australia. The company primarily holds 100% interest in the Sleeping Giant gas project with 145,000 net acres located in Williston Basin, North Dakota; Canning oil and gas project with 1.4 million acres located in Western Australia; and the Vail oil project with 48,300 net acres located in the Illinois Basin, as well as 75% to 100% interest in the Maverick oil project with 10,945 acres located in the Eagle Ford Shale, Texas. It also holds production and development opportunities in California. The company was formerly known as Strata-X Ltd. a...

1550 Larimer Street

Suite 263

Denver, CO 80202

United States

Founded in 2007

5 Employees

Phone:

855-463-2400

Key Executives for Strata-X Energy Ltd.

Chief Executive Officer
Age: 58
Total Annual Compensation: $234.0K
Chief Financial Officer
Total Annual Compensation: $108.0K
Compensation as of Fiscal Year 2013.

Strata-X Energy Ltd. Key Developments

Strata-X Energy Ltd.'s Production Testing Begins at Burkett 5-34HOR Well

Strata-X Energy 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 '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; and permanent production facilities are being sourced.

Strata-X Energy Ltd. Appoints Dennis Nerland to Board of Directors

Strata-X Energy Ltd. announced the appointment of Mr. Dennis Nerland to the company's Board of Directors. Mr. Nerland has been a partner with Shea Nerland Calnan LLP since 1990 practicing in the areas of tax and trust law. The company also announced the Mr. Nerland will become a member of the company's Audit Committee.

Strata-X Energy Ltd., Special/Extraordinary Shareholders Meeting, Aug 05, 2014

Strata-X Energy Ltd., Special/Extraordinary Shareholders Meeting, Aug 05, 2014., at 10:00 US Mountain Standard Time. Location: 1624 Market St.. Agenda: To approve an amendment to the expiry dates of warrants issued to investors in connection with a capital raising conducted in July 2012; to ratify the issuance of a maximum of 6,503,554 Chess Depository Units (CDIs) to sophisticated and professional investors; to approve the issuance of a maximum of 50,000,000 shares under a public offering expected to be completed by way of Short Form Prospectus; to approve the issuance of a maximum of 400,000 shares under the Short Form Prospectus to Mr. Tim Hoops; to approve the issuance of a maximum of 1,000,000 shares under the Short Form Prospectus to Mr. Ron Prefontaine; to approve the issuance of a maximum of 100,000 shares under the Short Form Prospectus to Mr. Tim Bradley; to approve the issuance of a maximum of 175,000 shares under the Short Form Prospectus to Mr. Don Romaniuk; and to transact such other business as may properly come before the meeting or any adjournment of the meeting.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 5, 2014
Additional 23,595 Net Acres for the Vail Oil Project and Horizontal Well
Merger/Acquisition
November 18, 2013
Oil and Gas Exploration Rights on 49,200 Net Acres Covering Vail Oil Project
 

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