Strata-X Energy Ltd. Placement Oversubscribed Raising A$6.04 Million

Strata-X Energy Ltd. -   

Further to the Company's previous announcement regarding the private placement
of CDIs to sophisticated and institutional investors, the Directors and
management of Strata-X Energy Ltd. ("Strata-X" or the "Company") (TSX
VENTURE:SXE)(ASX:SXA) are pleased to announce that the Company has received
commitments for 15,872,962 CDIs (representing 15,872,962 common shares) to raise
A$6.04 million at a price of A$0.38 per CDI (Placement). The Placement
represents approximately 13% of the Company's issued capital.


Proceeds from the placement will be used primarily on appraisal programs on
Strata-X's three key USA projects and for general corporate purposes.


Commenting on the placement, Ron Prefontaine, Chairman of Strata-X stated, "We
are delighted with the support shown for the placement, both from our existing
shareholders and new international and domestic institutional and retail
shareholders who recognize our significant growth potential and likely near term
deliverables. The additional funds will allow us to advance exploration and
appraisal programs on our three key USA projects. Assuming all goes to plan, we
intend to quickly follow up success with aggressive step-out programs to
demonstrate the sizable potential of these projects."


Strata-X's Managing Director, Tim Hoops, expounded "Over the next three months
we plan to carry out appraisal programs on three USA based oil and gas projects
where we are the majority interest holder and operator. Commencing in the week
of November 18, 2013, we plan to execute our stimulation and testing program of
our first horizontal well, Burkett 5-34HOR, located in the highly prospective
Illinois Basin. The stimulation program will be over the 550 meter horizontal
section which intersected an interpreted light oil zone in a dolomitic reservoir
immediately below the primary shale source rock in the Basin. At our Maverick
Oil Project located on the Eagle Ford shale trend in West Texas, we have
contracted a rig to commence drilling in early December 2013. The Maverick
drillng program includes coring an interpreted 180 meter thick vertical oil zone
in the Eagle Ford shale and underlying Buda limestone targets to help determine
an appropriate completion method for the oil zones. At our Sleeping Giant Gas
Project in the Williston Basin in North Dakota, we are finalizing approvals to
drill four vertical appraisal wells which are also expected to commence in
December 2013."


More details on Strata-X's projects can be found on their web site at
www.strata-x.com.


The capital raising was jointly led by BBY Limited and Helmsec Global Capital
Limited.


About Strata-X

Strata-X is a Denver, Colorado (USA) based company and is engaged in the
business of oil and gas exploration and development with a variety of
exploration opportunities in North Dakota, California, Texas, Illinois and
Western Australia and production and development opportunities in California.
Strata-X has 123,912,453 common shares outstanding and trades under the symbol
"SXE" on the TSX-V and "SXA" on the ASX. 


This announcement was made in Canada for the TSX.V and in Australia for the ASX.

Public documents for Strata-X Energy Ltd. can be found at SEDAR (Canada)
(www.sedar.com) and ASX.com.au (Australia).


By definition of the COGE Handbook - "Undiscovered resources are those
quantities of oil and gas estimated on a given date to be contained in
accumulations yet to be discovered." The Handbook further states - Caution (per
NI 51-101/5.9(2)(v)(B)) - "There is no certainty that any portion of the
resources will be discovered. If discovered, there is no certainty that it will
be commercially viable to produce any portion of the resources." In addition,
per NI 51-101/5.6 "the estimated values disclosed do not represent fair market
value."


CAUTIONARY STATEMENTS

This news release contains forward-looking statements, which relate to future
events or future performance and reflect management's current expectations and
assumptions. The use of any of the words "anticipate", "continue", "estimate",
"expect", "may", "will", "project", "should", 'believe", and similar expressions
is intended to identify forward-looking statements. Such forward-looking
statements reflect management's current beliefs and are based on assumptions
made by and information currently available to the Company. Readers are
cautioned that these forward-looking statements are neither promises nor
guarantees, and are subject to risks and uncertainties that may cause future
results to differ materially from those expected and the forward-looking
statements included in this news release should not be unduly relied upon. See
"Risks and Uncertainties" in the Company's Filing Statement dated August 30,
2011 available on SEDAR at www.sedar.com. These forward-looking statements are
made as of the date hereof and the Company does not assume any obligation to
update or revise them to reflect new events or circumstances save as required
under applicable securities legislation. This news release does not constitute
an offer to sell securities and the Company is not soliciting an offer to buy
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws of
such jurisdiction.


Neither 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Strata-X Energy Ltd.
Tim Hoops (USA)
President
+1 855-463-2400
info@strata-x.com


Strata-X Energy Ltd.
Colin Christensen (Canada)
Investor Relations
+1 403-483-8363
colin@strata-x.com


Strata-X Energy Ltd.
Duncan Cornish (Australia)
Corporate Secretary
+61  7 3212-6299
dcornish@strata-x.com
www.strata-x.com
Strata X Energy (TSXV:SXE)
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