Stratic Energy Corporation - Second West Don production well on stream



    CALGARY and LONDON, Aug. 10 /CNW/ - Stratic Energy Corporation (TSX
Venture: `SE', AIM `SE.') ("Stratic" or the "Company") is pleased to announce
the commencement of oil production from the second production well in the West
Don field (Stratic 17.25%) and the imminent start up of water injection and
gas lift operations within the field. The field operator, Petrofac, is working
towards bringing the field up to its full operating capacity over the next few
months; the two production wells are currently producing in excess of 11,000
bopd gross and are expected to benefit from pressure support from the
commencement of water injection and gas lift operations.
    Overall plant uptime during the offshore loading phase is expected to
improve once all well stock from West Don and its sister field Don South West
are brought on stream and the plant fully commissioned. Since the first well
was brought on stream on April 28, 2009 the field has produced over 800,000
barrels. The first two cargoes from the field have been lifted and sold at an
average price to Stratic in excess of $67.34 per barrel. Stratic's net share
of these proceeds amounted to approximately $8.25 million.
    The remaining elements of the development plan involve tying the field
back to the nearby Thistle platform, expected to be completed and commissioned
early in 2010, at which point offshore loading will be discontinued. Stratic
expects to provide an update on production estimates for the balance of this
year and next year once the current commissioning phase is complete and both
production wells and the injector well are operating under stable conditions.
    Mark Bilsland, Chief Operating Officer, commented "We are pleased that
the second production well is now on stream and that water injection and gas
lift operations will commence shortly. We look forward to reaching full
production capacity and achieving improved plant efficiency over the coming
months".

    
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of the contents of this
    release.
    


    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.

    TSXV 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: Mark Bilsland, Chief Operating Officer, +44 207
766 7900; John van der Welle, Chief Financial Officer, +44 207 766 7900;
Patrick d'Ancona, M: Communications, +44 207 153 1547; Canadian Investor
Relations, Roger Fullerton, (952) 929-7243, Email:
roger.fullerton@straticenergy.com; Website: www.straticenergy.com

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STRATIC ENERGY CORPORATION

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