Project Venus’ ATP 2051P area totals 154 km2 and is located within the productive Walloon CSG fairway of the Surat Basin. Successfully proving commercial gas flows at a Venus Project CSG pilot will allow the predictable conversion of the 694 PJ prospective gas resources certified in ATP 2051P into reserves. The first pilot well, Venus-1, a new [...]
Highlights On 5 March 2020 Strata-X announced a Heads of Agreement with BotsGas Pty Ltd for a staged farm-out program designed to de-risk the Serowe CSG Project and, if successful, to prove sufficient reserves to secure a foundation Gas Sales Agreement. Due to execution complexities surrounding the COVID-19 pandemic, the parties have agreed on a [...]
Up to 7 Appraisal Wells and 3 Multi-well Production Pilots Strata-X executed Heads of Agreement with BotsGas Pty Ltd for a staged farm-out program designed to de-risk the Serowe CSG Project and, if successful, prove sufficient reserves to secure a foundation Gas Sales Agreement . If all stages are progressed, BotsGas will fund 100% of the estimated [...]
Approval granted for additional 75 wells over high-grade area Highlights: The Botswana Department of Environmental Affairs has approved the Environmental Impact Assessment on the Serowe Project. The approved EIA grants Strata-X the right to drill and test an additional 75 wells over the 2.38 Tcf Prospective Resource high-grade area. A multi-well [...]
The directors of Strata-X Energy are pleased to announce that an independent review of the data for Project Venus has revealed the following Prospective Gas Resource : Highlights The 50:50 JV between Real Energy and Strata X Energy Limited is moving ahead with highly prospective Walloon Coal Seam Gas acreage which is surrounded by major [...]
The directors and management of Strata-X Energy Ltd. are pleased to announce that the Company is undertaking a non-brokered private placement to sophisticated and institutional investors in Australia of up to 18,000,000 Units in the Company at a price of A$0.05 per Unit for gross proceeds of up to A$900,000 . Each Unit consists of one Chess [...]
Highlights Strata X Energy Ltd and Real Energy Ltd are the Preferred 50:50 Bidders for a highly prospective Surat Basin Coal Seam Gas tenement targeting Walloon coals. The tenement is surrounded by major CSG producing tenements and covers 153 km2 approximately 9 km west of Miles, Queensland. The tenement is located within 6 km of a gas pipeline [...]
Highlights NDA signed with Botswana Development Corporation to allow due diligence required for a multi-staged US$10 million finance package targeting the appraisal and development of Strata-X’s 100% owned Serowe CBM Project. BDC is the largest investment holding company in Botswana. Serowe CBM Project has been estimated to contain up to 6 [...]
Highlights Approval of the Scoping Form in advancement of the Environmental Impact Assessment . Full EIA report will be submitted in September with final approval anticipated in December 2019. The approved EIA will grant Strata-X the right to drill and test up to 75 wells over the high-grade area. In total Strata-X will have the right to drill and test 95 wells over the 2.38 TCF Prospective Resource high-grade area. ASX disclosure note - 5.28.2 – Prospective Resources - The estimated quantities of petroleum that may potentially be recovered by the application of a future development project relate to undiscovered accumulations. These estimates have both an associated risk of discovery and a risk of development. Further exploration appraisal and evaluation is required to deter... [...]
Highlights MHA Petroleum Consultants, independent qualified reserve and resource certifiers, have certified the following gas resources within Strata-X’s 100% owned Serowe CSG Project in Botswana. 6.08Tcf total Prospective Resources net to the Company, an increase of 83%. 2.38Tcf Prospective Resource within the Company’s interpreted [...]
DENVER, and BRISBANE, Australia and VANCOUVER, British Columbia, April 30, 2019 -- The directors and management of Strata-X Energy Ltd. are pleased to announce that 40 year petroleum veteran, Ron Prefontaine, has accepted the position of Executive Chariman of Strata-X. His primary focus will be to direct the commercialisation of Strata-X’s [...]
Highlights Interpretation of the conventional and BMR wireline log data indicates: Interval between 404 and 464 metres has approximately 18 metres of net coal with 12 metres of that being bright coal. All seams were gassy with several coals containing high gas saturations up to 100%. Free gas present in at least four seams. Several high gas [...]
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