Stratic Energy Corporation - Successful appraisal of Crawford field Triassic reservoir and Tertiary oil discovery



    CALGARY and LONDON, Nov. 26 /CNW/ - Stratic Energy Corporation (TSX
Venture: 'SE', AIM 'SE.') ("Stratic" or the "Company") announces that the
9/28a-18 Crawford appraisal well in the UK North Sea has successfully
confirmed the extension of Crawford Triassic reservoir to the north of the
field. The well also discovered oil in a separate Tertiary target and
additionally encountered good oil shows within the Cretaceous.
    Well 9/28a-18 was designed primarily to appraise the extent and quality
of the Crawford Triassic reservoir to the north of the existing wells,
information that is important to the proposed Crawford field redevelopment
project, and with a secondary objective of testing a Tertiary prospect. The
well reached TD on November 16, 2007 in the Permian Zechstein formation having
encountered oil in both the target intervals.
    The Triassic Cormorant formation was encountered at 8,941 ft MD
(8,131 TVDSS) and, with the benefit of a 70degrees well bore deviation
encountered over 1,200 ft of oil bearing sandstone, equivalent to a more than
400 ft vertical section. Log characteristics are consistent with previous
Triassic wells on the Crawford field, proving the extension of oil bearing
Cormorant formation into the northern part of the field.The operator,
Fairfield Energy, is investigating the availability of hydraulic fracturing
equipment to test the formation. In the event that the appropriate equipment
cannot be sourced in a reasonable timeframe, the operator will suspend the
well without testing, pending a return in 2008.
    The Tertiary discovery was made in oil-bearing sandstones at 6,120 ft MD
(5,632 ft TVDSS). A 62 ft oil column containing 40 ft of pay was identified on
wireline logs, confirming the oil water contact identified in the 9/28-4 well,
and the existence of a good quality sand section. Wireline pressure test
information confirms a medium oil density consistent with other Tertiary
fields in the area. As a result of the extensive testing planned for the
Triassic section, this interval will not be flow tested at this time. A key
risk in the Tertiary plays on this block was the presence of reservoir quality
sandstones; this well has proved their existence in the Tertiary and so
reduces the risk profile of the other significant Tertiary prospects on the
block. In addition, the presence of oil shows in the Cretaceous opens up
further play possibilities on the block.
    Stratic's interest in the P209 Crawford licence is 19.0%, and the
operator is Fairfield Energy.
    Kevin Watts, Stratic's Chief Executive, commented: "We are delighted with
this very encouraging well result, confirming the northerly extension of the
Triassic reservoir in Crawford. This is a key step towards approval of the
proposed redevelopment of the Crawford field and we look forward to the next
stage in the appraisal program. We are also very pleased with the discovery
made in the Tertiary sandstones, and will be working with the operator to
assess how this positive news will impact the potential development plan for
the area."

    The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy 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: Peter Thomas, Chief Financial Officer, +44 20
77667920; Mark Bilsland, Chief Operating Officer, +44 20 77667900; 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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