CALGARY and LONDON, June 22 /CNW/ - Stratic Energy Corporation (TSX
Venture: 'SE', AIM: 'SE') ("Stratic" or the "Company") announces that operator
Nippon Oil Exploration and Production U.K. Limited commenced drilling
operations on the 15/24a-J Bowmore appraisal well located in the UK Central
North Sea with the Ocean Guardian semi-submersible rig on 20 June 2009.
Stratic has a fifteen per cent interest in the P1465 licence covering blocks
15/24a, 15/23c, 15/28a and 15/29e.
The 15/24a-J well is located between the 15/24a-4 discovery well and the
recently appraised Bugle accumulation to the west on contiguous block 15/23d.
The well is targeting Upper Jurassic sandstones which flowed hydrocarbons at
the 15/24a-4 discovery and at the Bugle accumulation. The original 15/24a-4
discovery well, drilled in 1990, flowed 11 million standard cubic feet of gas
per day and 3,024 barrels of condensate per day. Operations to total depth,
including wireline logging, are expected to take 45 days.
Dr Mark Bilsland, Chief Operating Officer, commented "We are looking
forward to the results of this important first appraisal well designed to test
the down-dip potential of the Bowmore accumulation. The results of this well
will provide valuable information on the size and reservoir characteristics of
the Bowmore discovery and assist in defining development options."
About Stratic: Stratic Energy Corporation is a Canadian-incorporated
international oil and gas business focused on adding value principally through
the appraisal, development and production of existing discoveries,
supplemented by a low to moderate risk exploration program. Stratic's
principal interests are in the UK and Dutch sectors of the North Sea, Italy,
Turkey and Syria. Its shares are listed on the TSX Venture Exchange in Toronto
and on AIM, London and its principal operating office is in London, UK.
This news release contains certain forward looking statements, which
involve assumptions with respect to future plans, production levels and
results, and capital expenditures. The reader is cautioned that all such
forward looking statements involve substantial risks and uncertainties and the
assumptions used in their preparation may not prove to be correct. Stratic's
actual results could differ materially from those expressed in, or implied by,
these forward looking statements and accordingly, the forward looking
statements are qualified by reference to these cautionary statements. The
forward looking statements contained herein are made as at the date of this
news release. Stratic undertakes no obligation to update or publicly revise
forward looking statements or information unless so required by applicable
TSX-V and AIM notifications
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the contents of this release.
Stratic's Chief Operating Officer, Dr Mark Bilsland BSc (geology), PhD
(petroleum petrophysics), and member of the SPE, is the qualified person who
has reviewed and approved the technical information in this announcement for
the purposes of the AIM Rules for Companies (incorporating the Guidance Note
for Mining, Oil and Gas Companies).
For further information:
For further information: John van der Welle, Chief Financial Officer,
+44 20 7766 7900; Mark Bilsland, Chief Operating Officer, +44 20 7766 7900;
Patrick d'Ancona, M:Communications, +44 20 7153 1547; Canadian Investor
Relations, Roger Fullerton, (952) 929-7243, Email:
firstname.lastname@example.org; Website: www.straticenergy.com