General News
Stratex Talks Strategy, Bakken Focus
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Stratex Oil & Gas Holdings Inc. began its operations in January 2011 and is the resultant company after a merger in July 2012.
Stratex is aggregating oil and gas leases on properties primarily in the Bakken formation in North Dakota and Montana even though it owns leases in other formations and locations. We do not intend to primarily operate the drilling programs pertaining to our holdings, but rather to participate in the cash flow through a carried interest in each property.
Stratex currently owns an interest in 166 oil wells which is the source of our revenue. Stratex also controls leases in North Dakota, Montana, Nebraska, Colorado and Kansas and Texas; these leases are expected to provide a source of future oil drilling properties which, due to their locations, are expected to…
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