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Strategic Fracs Oily Muskeg HZ Wells; Touts Increased Flow Rates

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Strategic Fracs Oily Muskeg HZ Wells; Touts Increased Flow Rates

Strategic Oil & Gas Ltd. has reported an operational update of third quarter 2013 drilling activity as well as a production update.

Operational Update

Strategic commenced its second half drilling program at Steen River in July 2013 and has drilled three new wells - two Muskeg Stack horizontal wells and one Keg River vertical well.

Strategic successfully drilled and fracture stimulated two Muskeg Stack horizontal wells with lateral length of approximately 1,500 meters.

The first Muskeg Stack horizontal (4-33) produced 634 bbl/d of 36° API oil and 20 Boed of natural gas over the first two days. The well was tied into existing facilities and has averaged 503 Boed (97% oil) over the first fifteen days.

The second Muskeg Stack horizontal (16-29) produced 439 bbl/d of 36° API oil and 34 Boed of…

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