Exploration & Production

Strata-X Scores Permits for its Niobrara-Focused Sleeping Giant Prospect

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   |    Monday,February 24,2014

Strata-X Ltd. has reported an update on its Sleeping Giant Gas Project in the Williston Basin, North Dakota (100% of 145,000 acres).

In December 2013, Strata-X was granted four drilling permits by the North Dakota Industrial Commission for appraisal wells on the Sleeping Giant Gas Project. The permits granted are for the Aberle #1-31 and Just #1-24 wells located in McIntosh County and the Hoff #1-32 and Rohweder #1-11 wells located in Emmons County, North Dakota. Further to this development, the Company executed a drilling contract with Major Drilling America, Inc. of Salt Lake City, Utah for the drilling of the first vertical appraisal well for the shallow unconventional Sleeping Giant Gas Project.

The Company anticipates drilling the first exploration well in the coming weeks using a conventional drilling rig. The well will be cased and stimulated to access the productive capabilities of the Niobrara Formation. Ultimately, the Company plans to use a coiled tubing rig to drill development wells on the project in order to reduce both development costs and the project's environmental footprint.

The Sleeping Giant project is located in North Dakota and is targeting natural gas resources trapped in the Niobrara Formation, a prolific producer of hydrocarbons throughout the Rocky Mountain Region. Strata-X has 100% of the exploration rights on 145,000 acres covering the Sleeping Giant Gas Project.