Global Leader in International Oil and Gas Industry News

posted in:

Strata-X acquires 8,846 acres in Maverick Oil Project, Texas

Wednesday, Dec 05, 2012

The directors and management of Strata-X Energy Ltd ("Strata-X" or the "Company") (TSX VENTURE:SXE) are pleased to provide the following update on the Company's high potential Maverick Oil Project located in the Eagle Ford Fairway, Maverick County, Texas. Strata-X elected to convert certain land option rights it was holding into full exploration leases covering a total of 8,846 net acres. The Company has obtained 100% of these leases.

The Company has also reached an agreement on an additional 1,135 net acres of Eagle Ford exploration leases which are in the process of closing. These two transactions will bring Strata-X's total land holding in the Maverick Oil Project to 10,945 net acres. The Company is continuing negotiations to expand its leasehold in the area.

Source: Marketwire

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

Other Oil & Gas News

Air Products to Feature Its Range of Industrial Gas Supply Options and Advanced Gas Technologies at PTXi 2014 24-04-2014
FAR Ltd provides an update on current drilling program in Senegal and future plans in Kenya 24-04-2014
Hess announces sale of Thailand oil and gas assets 24-04-2014
Energid's Actin Software Revolutionizes Oil and Gas Exploration 24-04-2014
Bakken Energy Corp Begins Negotiation to Buy Oil Refinery in Southern Utah Uinta Basin 24-04-2014
Ferus Natural Gas Fuels Acquires Encana's Share in Alberta LNG Plant 24-04-2014
Fincantieri Offshore chooses AVEVA software for a revolutionary project 24-04-2014
Gazprom and Austria discuss alternative Russian gas routes to Europe 24-04-2014
APPEA: Time to lift barriers on New South Wales natural gas development 24-04-2014
BP to sell interest in four Alaska North Slope oil and gas assets 24-04-2014