The directors and management of Strata-X Energy Ltd. announce that coring operations on the Eagle Ford shale and Buda formations on the Cinco Saus Creek #1 well have recovered 100% of the targeted 600 foot interval and that the well was drilled to a total depth of 4,220 feet as planned. Upon reaching total depth, the well was logged and 4 1/2 inch casing was set and cemented into place. Unison Drilling, Inc. rig #11, which was utilized to drill the well, has been released and is mobilizing off the well location.
The 600 foot core of the Eagle Ford shale and Buda formations is being sent to a laboratory for analysis. The pending laboratory analysis, along with well logs and data acquired in drilling the well, will be used to finalize the design of the completion stimulation. Strata-X anticipates the vertical completion stimulation of the Cinco Saus Creek #1 well will occur near the end of the first quarter of 2014.