Stratic ceases operations on Well 16/2b-5A ("Cairngorm") in UK North Sea



    CALGARY and LONDON, Jan. 9 /CNW/ - Stratic Energy Corporation (TSX
Venture: 'SE', AIM 'SE.') ("Stratic" or the "Company") announces that
following a series of operational difficulties, Stratic and its joint venture
partner have decided to cease operations on well 16/2b-5A in the UK North Sea.
    The operational difficulties included an unsuccessful attempt to retrieve
drill pipe lost in the hole, which required the well to be re-spudded on 8th
December 2008, and the failure of the top drive mechanism on the drilling rig
last week, together with considerable downtime throughout the operation as a
result of adverse weather conditions. The well was drilled to a total depth of
6,370 feet, having encountered oil shows in two exploration objectives (Skroo
and Flugga), and has satisfied the work obligation on Block 16/2b. The planned
deviated appraisal section of the well into the Cairngorm granite discovery
was not attempted in the circumstances and the well is currently in the
process of being abandoned. Stratic's share of the total cost of the well
amounted to approximately $19 million. The joint venture partners will assess
over the coming months whether further activity on the acreage is justified in
the current economic climate.
    Mark Bilsland, Stratic's Chief Operating Officer commented: "We are
naturally disappointed not to have completed the drilling of well 16/2b-5A
but, given the current economic climate, we believed we had reached the point
where the risks of continuing outweighed the likely benefits. In these
circumstances the prudent course of action was to cease operations and limit
our exposure to further costs."

    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.

    Forward-looking statements

    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
securities laws.

    
    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: Kevin Watts, President and Chief Executive
Officer, +44 20 7766 7910; 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: roger.fullerton@straticenergy.com,
Website: www.straticenergy.com

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