SXE Strata X Energy Ltd

Strata-X Energy Ltd. (TSX VENTURE:SXE)(ASX:SXA) - 



--  Drilling operations on the Rohweder #1-11 well anticipated to start
    within a week. 
--  First test of Company's 120,000 net acre shallow gas project. 
--  Release of the Sleeping Giant Primer Presentation



The directors and management of Strata-X Energy Ltd. ("Strata-X" or the
"Company") are pleased to announce that the Company started operations on the
vertical Rohweder #1-11 well located in Emmons County, North Dakota, USA. Final
location work is currently being completed with the rig mobilization anticipated
to begin on or around June 20, 2014. The Rohweder #1-11 well is the Company's
first appraisal well in the Sleeping Giant Gas Project. Strata-X is the operator
of the well and retains a 100% working interest in it. Overall, the Company has
acquired exploration rights to 120,000 mostly contiguous net acres in the
Sleeping Giant Gas Project. 


The Sleeping Giant Gas Project is targeting biogenic natural gas from the
prolific Upper Cretaceous Niobrara formation in the Williston Basin, North
Dakota. The Niobrara Formation is a significant petroleum system in the USA and
has produced over 1 TCF of natural gas from shallow accumulations including the
project's geologic analogue, the Beecher Island field in the Denver-Julesburg
Basin (Colorado, USA). To date, Beecher Island field has produced over 101
Bcf(1) of natural gas and is expected to ultimately produce 157 Bcf(2) within an
area spanning approximately 32 square miles. A field analysis done by Walt
King(2) shows that reserves per well average 650,000 Mcf(2) on 160 acre spacing
in the Beecher Island Gas Field. It is expected that the Sleeping Giant Gas
Project could yield similar economic resources per well due to similar geologic
conditions.


There has been relatively little drilling in the Sleeping Giant Gas Project area
to date, with most wells targeting the deeper Cretaceous and Paleozoic targets.
Sub-commercial natural gas has been produced outside the mapped closure on the
large structures in the project area, with the crestal regions of the structures
remaining untested within the targeted zone. The Rohweder 1-11 well will test
the Beaver Creek Prospect structure, which is just one of the 26 prospects and
leads that have been identified in the Sleeping Giant Gas Project.


The Company anticipates that drilling and casing operations on the Rohweder
#1-11 well will be completed by early next week. Thereafter, information
obtained during the drilling of the well will be used to design and optimize a
completion stimulation of the well. The drilling permit for the Rohweder #1-11
well is one of four permits granted to Strata-X by the North Dakota Industrial
Commission. The other drilling permits held by Strata-X on the Sleeping Giant
Gas Project are the Aberle #1-31 and Just #1-24 wells located in McIntosh County
and the Hoff #1-32 well located in Emmons County, North Dakota.


More information on the Sleeping Giant Project and Rohweder #1-11 well can be
found on the Company's website at www.Strata-X.com


(1) Colorado Oil and Gas Conservation Commission website, www.cogcc.state.co.us,
production database accessed 12 June 2014. 


(2) Report dated 18 May 2010 by Mr. Walt King, registered Colorado Petroleum
Engineer, for the benefit of White Eagle Exploration, Inc. the seller of the
Sleeping Giant Gas Project to Strata-X. 


About Strata-X

Strata-X is a Denver, Colorado (USA) based company and is engaged in the
business of oil and gas exploration and development with a variety of
exploration opportunities in North Dakota, California, Texas, Illinois and
Western Australia and production and development opportunities in California.
Strata-X has 139,785,415 common shares outstanding and trades under the symbol
"SXE" on the TSX-V and "SXA" on the ASX. 


This announcement was made in Canada for the TSX.V and in Australia for the ASX.

Public documents for Strata-X Energy Ltd. can be found at SEDAR (Canada)
(www.sedar.com) and ASX.com.au (Australia).


By definition of the COGE Handbook - "Undiscovered resources are those
quantities of oil and gas estimated on a given date to be contained in
accumulations yet to be discovered." The Handbook further states - Caution (per
NI 51-101/5.9(2)(v)(B)) - "There is no certainty that any portion of the
resources will be discovered. If discovered, there is no certainty that it will
be commercially viable to produce any portion of the resources." In addition,
per NI 51-101/5.6 "the estimated values disclosed do not represent fair market
value."


CAUTIONARY STATEMENTS

This news release contains forward-looking statements, which relate to future
events or future performance and reflect management's current expectations and
assumptions. The use of any of the words "anticipate," "continue," "estimate,"
"expect," "may," "will," "project," "should," 'believe," and similar expressions
is intended to identify forward-looking statements. Such forward-looking
statements reflect management's current beliefs and are based on assumptions
made by and information currently available to the Company. Readers are
cautioned that these forward-looking statements are neither promises nor
guarantees, and are subject to risks and uncertainties that may cause future
results to differ materially from those expected and the forward-looking
statements included in this news release should not be unduly relied upon. See
"Risks and Uncertainties" in the Company's Filing Statement dated August 30,
2011, available on SEDAR at www.sedar.com. These forward-looking statements are
made as of the date hereof and the Company does not assume any obligation to
update or revise them to reflect new events or circumstances save as required
under applicable securities legislation. This news release does not constitute
an offer to sell securities and the Company is not soliciting an offer to buy
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws of
such jurisdiction.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Strata-X Energy Ltd.
Tim Hoops (USA)
President
+1 855-463-2400
info@strata-x.com


Strata-X Energy Ltd.
Colin Christensen (Canada)
Investor Relations
+1 403-483-8363
colin@strata-x.com


Strata-X Energy Ltd.
Duncan Cornish (Australia)
Corporate Secretary
+61 7 3212-6299
dcornish@strata-x.com
www.Strata-X.com

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