Ann: SXA Arranges Private Placement, page-5

In light of AKK ann today, did you know

From SXA ann Now 2012

Fremont County, Colorado, USA – West Florence Project
The Company has a 43% working interest in the 3,200 gross and net acre West Florence
prospect which is adjacent to the Florence Field. The Florence Field has produced 15 million
barrels of oil from the Pierre Formation. The West Florence prospect is targeting the same
Pierre Formation interval as the Florence Field at a depth of approximately 4,500 feet. During
the first quarter of 2012 the Company drilled and set 700 feet of surface pipe in anticipation of a
well being drilled to test the Pierre Shale. Subsequent drilling of the well was unsuccessful due
to unstable hole conditions encountered in the wellbore above the intended total depth. The
Company and its partners are currently reviewing their options for testing the Pierre Formation
in light of the recent activity. The lease on the project has been extended to March 2013.

One of the other JV members was BPT

Unfortunately this is how it turned out in early 2013

West Florence Project, Fremont County, Colorado, USA
The leases in the West Florence project expired during the quarter and the Company decided
not to renew them. Prior to lease expiration, a previously drilled well in the project area was
plugged and its associated facilities were removed. The site has been properly reclaimed and
closed with proper authorities. Strata-X has no remaining interests or obligations on this project.

But

Never mind we got this instead.

On 1 January 2013, Strata‐X, Inc. executed and closed a transaction to purchase three producing
oil and gas leases ("Transaction") in the State of Illinois, USA which provide increased well
control in the area in which the Company intends to drill and test its first horizontal well. The
acquired properties cover 160 gross acres and include a total of six wells, of which four are
producing, one is shut‐in and one is an active salt water disposal well. Strata‐X, Inc. will be the
operator of the properties. During calendar Q1 2013 these properties produced a total of 304
BBL of oil net to the Company’ revenue interest.

The Company also purchased, at a cost of approximately USD$50,000, 22.23 miles of 2D seismic
data covering the area around the Company’s first horizontal test well for the Vail Project. This
seismic data, which is currently being reprocessed, will assist in the geo-steering of the
horizontal leg of the well and further the Company’s geologic review of the area.