Exploration & Production | Top Story
Strata-X: Vail Oil Project Similar to Bakken Elm Coulee
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Strata-X Energy Ltd. has released an investor presentation on the Vail Oil Project.
Highlights include:
Illinois Basin has produced over 4.3 billion barrels of oil Oil shale generated over 300 billion barrels of oil 332,800 acre (520 square mile) oil accumulation mapped Light 37 degree API oil with minor gas 100% of approx. 48,000 net acre position Flat, easy access with good infrastructure Rig contacted and ready to drill in early July 2013The updated presentation is also available on the company's website.
Additionally, Strata-X has started drilling the Burkett 5-34HOR well which is the first Company appraisal well in the Vail Oil Project.
The Company owns a 100% working interest in the well and 48,000 net acres in the project overall. As of the time of this Press Release, the…
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