# projects on the go in March plus presenting in New York and London first preso in 3 days...this co will not be at these prices for long!!
Sleeping Giant Gas Project, Williston Basin, North Dakota – 100% of 145,000 acres
The Company anticipates drilling the first exploration well in the coming weeks using a conventional drilling rig.
Maverick Oil Project, Eagle Ford, South Texas – 10,945 net acres
The initial analysis of the 600 foot core of the Eagle Ford shale and Buda formations has identified several prospective oil bearing intervals, some of which have never been tested in the Strata-X project area. These prospective intervals will be stimulated and tested individually by the Company to determine the production potential of each individual zone tested. The Company plans to start the multi-stage stimulation of targeted intervals in the Cinco Saus Creek #1 well with the deepest Buda formation and advance to additional intervals in the Eagle Ford shale located above the Buda. Strata-X is currently contracting for services to conduct the first stage stimulation of the Buda formation, which is anticipated to begin in early March.
Vail Oil Project, Illinois Basin – 100% of 49,200 net acres
In anticipation of further horizontal appraisal drilling on the Vail Oil Project in 2014, the Company is preparing to conduct 2D seismic operations in early March that will provide it with approximately 6 miles of seismic data over a proposed drilling location approximately 7 miles northwest of the existing Burkett 5-34HOR well. The data acquired will be owned by the Company and will assist with the geo-steering of the horizontal leg of the next appraisal well on the project.
Other Strata-X Developments The Company will be presenting at the ASX Spotlight Investor Conference to be held in New York, USA and London, England. Timothy Hoops, President and Managing Director of Strata-X, will give a presentation on the Company in New York on February 27 at 11:25 A.M. (local time) and in London on March 6 at 2:45
SXA Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held