CALGARY and LONDON, Aug. 9 /CNW/ - Stratic Energy Corporation (TSX Venture: 'SE', AIM 'SE.') ("Stratic" or the "Company") announces that operator EnQuest spudded the 211/18a-W4 well on the West Don field on 7th August, 2010. This well is being drilled as a third production well.
The 211/18a-W4 well targets the southern area of the West Don field and operations on this well are expected to be completed by mid to late September 2010. Oil is currently being produced from West Don from the two existing production wells.
An offer to acquire the Company was made by EnQuest PLC on August 2nd, 2010, details of which were announced on that date and are available on our website www.straticenergy.com
Notes to Editors:
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
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts 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).
SOURCE STRATIC ENERGY CORPORATION
For further information: For further information: Kevin Watts, President and Chief Executive 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, +1 952 929 7243, Email: email@example.com; Website: www.straticenergy.com