Strata-X Updates on Advancement of Its Key USA Oil Projects

--  Strata-X has begun mobilizing completion equipment to the horizontal
    Burkett 5-34HOR well. 
--  Multi-stage horizontal stimulation of Burkett 5-34HOR expected to start
    this week. 
--  Commenced site preparation for the Maverick Oil Project multi-stage
    stimulated vertical well. 



The Directors and management of Strata-X Energy Ltd. ("Strata-X" or the
"Company") (TSX VENTURE:SXE)(ASX:SXA) are pleased to provide the following
operational updates on the Vail and Maverick Oil Projects.


Vail Oil Project

The Company has begun mobilizing equipment to the site of the Burkett 5-34HOR
well in the Vail Oil Project to carry out a multi-stage stimulation of the well
this week and, pending positive results, the well will be set up for production
testing. 


As announced on October 17, 2013, Strata-X engaged Halliburton for the
completion stimulation on Burkett 5-34HOR after conducting a detailed
examination of data gathered from (i) the core of the targeted Devonian Lingle
formation; (ii) the drilling of the well; and (iii) the breakdown and pressure
test conducted after the lateral liner was set. The Burkett 5-34HOR was drilled
as a test of the Devonian Lingle formation and reached a measured depth of 6,762
feet, including a 1,824 foot lateral. During the drilling of the well in the
targeted Devonian Lingle formation, oil and gas shows were encountered and oil
was visible in the drilling mud.


Strata-X has acquired a 100% net working interest in oil and gas exploration
rights on 49,200 net acres covering the Vail Oil Project in the Illinois Basin,
USA. Please refer to the Vail Project Primer found on the Company's website
(www.strata-x.com) which illustrates the current stage of the well and the
Company's plans for its stimulation and testing. 


Maverick Oil Project

As reported by the Company on October 24, 2013 Strata-X has contracted with
Unison Drilling, Inc. of Devine, TX to utilize their rig #11 to drill Cinco Saus
Creek #1, the Company's first exploratory well on the Maverick Oil Project
located on the Eagle Ford Shale trend in South Texas. Site preparation has
commenced with the rig planned to be mobilized in the first week of December
2013. The Cinco Saus Creek #1 well is designed as a vertical exploratory well
with an anticipated vertical depth of 4,200 feet. The Company plans to core and
pressure test approximately 600 feet of the Eagle Ford Shale and Buda formations
and using the core analysis and pressure test results, design an optimal
multistage vertical stimulation program for the well. Strata-X has a approx. 97%
working interest in the Cinco Saus Creek #1 and is the well operator.


The Maverick Oil Project is a high potential oil development project for
Strata-X and consists of a working interest in approximately 10,945 net acres to
Strata-X's interest in the Maverick Basin, Maverick County, Texas USA. The
Maverick Oil Project will target the Eagle Ford Shale formation in South Texas,
USA.


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 139,785,415 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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