The directors and management of Strata-X Energy Ltd. are pleased to announce that its shareholders voted in favour of all resolutions brought before them at the Company's Extraordinary General Meeting of Shareholders held on August 21, 2018 in Denver, Colorado, USA, and announce the resignation of Company Director Timothy Bradley. Notice is hereby [...]
Purchase of initial blocks is complete with final installment payment made. Serowe CSG Project is a 100% owned 680,000 acre coal seam gas project in Botswana. Funding has been secured for pilot appraisal to commence in Q4 2018. Location selection is underway for two low cost vertical wells targeting bright coals located between 350-400 meters. Environmental Management Plan has been submitted and is under review by the Botswana ASX disclosure note - 5.28.2 - 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 determine the existence ... [...]
The directors and management of Strata-X Energy announce that the consolidation of the common shares of the Company on the basis of three post-consolidated Shares for every five pre-consolidated Shares has been completed. The Consolidation was completed in order to ensure compliance with TSX Venture Exchange capital raising requirements to [...]
Highlights Initial Appraisal Program of Strata-X’s 100% owned, 680,000 acre Serowe CSG Project in Botswana to commence in 4th Quarter 2018. Drilling to focus on highgraded area identified within the Serowe CSG Project. Located in the heart of the Kalihari CSG Fairway. Secured commitments for A$1.355 million private placement at A$0.05 per CDI [...]
Strata-X internal interpretation and mapping integrating public data has high graded an area within the Serowe CSG fairway in central Botswana. Attributes of the high graded area are similar to the Walloon CSG play in Queensland, Australia. Strata-X now has 100% of 930,000 acres including one application pending. A significant portion of that [...]
Serowe CSG Project is a 100% owned 680,000 acre coal seam gas Project in Botswana. 3.3TCF Prospective Resource certified to Strata-X. Located in the heart of the Kalihari CSG fairway. Company actively in discussions with various third parties, targeting hybrid or farm-in funding for appraisal programme. Commences acquisition payment to Raven Energy [...]
Highlights MHA Petroleum Consultants have calculated a Prospective Resources of 3.3 TCF net to Strata-X. Represents a 240%, 1.9 TCF, increase in Prospective Resource over the Serowe CSG Project. Serowe CSG Project is a 100% owned 680,000 acre coal seam gas Project in Botswana. The environmental approvals for the proposed appraisal program are [...]
Adds 1,646 Square Kilometers In The CSG Fairway Highlights 1,646 KM2 area totaling 406,735 acres added to Strata-X’s Botswana CSG portfolio. Offsets existing License areas in the CSG fairway, where ASX listed TLOU has established commercial production. The additional acreage is expected to add to the 1.4Tcf Prospective Resource in [...]
Highlights • SXE executes pre-emption transaction, gains 100% control of the Serowe CSG Project. • The Serowe CSG Project is a 273,000 acre, 1.4Tcf Prospective Resource play in the heart of the Kalahari Basin CSG Fairway. • Acquisition grants SXE full operational control without restrictive Farmin Agreement. • Allows for active [...]
Highlights Extends the term of leasehold to end of 2025. Serowe CSG Project is a 273,000 acre, 1.4Tcf Prospective Resource play in the heart of the Kalahari Basin CSG Fairway. SXE has 100% working interest and full operational control. Opens door to an active 2018 appraisal programme. ASX disclosure note - 5.28.2 - The estimated quantities of [...]
Highlights SXE Pre-empts third party offer of MPE’s 25% interest, grants SXE 100% control. Allows SXE to leverage project, not shareholder base. Serowe CSG Project is a 273,000 acre, 1.4Tcf Prospective Resource play in the heart of the Kalahari Basin CSG Fairway. Pre-empt grants SXE full operation control without restrictive Farmin agreement [...]
The directors and management of Strata-X Energy are pleased to announce that it has entered into a heads of agreement with Magnum Gas and Power for a staged farm-in to earn up to 75% of the Serowe CSG project located on the Kalahari Basin CSG Fairway in Botswana, Africa. Strata-X will operate the Project, which spans approximately 273,000 acres and [...]
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