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Strata-X Executes New Stimulation Design for Utica Well; Outlines Plans
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Strata-X Ltd. has reported an update on its Vail Oil Project in the Illinois Basin (100% WI of 49,200 net acres).
Strata-X has completed the clean out of the wellbore of the Burkett 5-34HOR well following a "screen out" event on the first stimulation test. The Company now has a new stimulation design for the well and is working with Halliburton to schedule the revised multistage horizontal completion stimulation on the Burkett 5-34HOR which is expected to be finalized shortly.
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.
Strata-X has acquired a 100% net working interest in oil and gas exploration rights on 49,200 net acres covering the Vail Oil Project in the Illinois Basin, USA.