Exploration company teams up with SE Illinois driller on local well | News
The directors and management of Strata-X Energy Ltd. Od Denver says it has executed a Drilling Contract with Les Wilson Inc. for the drilling of the horizontal appraisal well in the Vail Oil Project in southeastern IL.
Strata-X is an oil and gas exploration company. The company currently has a 100% interest in 46,300 net acres. The Vail Oil Project is a high potential oil appraisal and development project with the first appraisal well due to commence in the second quarter of 2013. The company isn’t saying exactly where the well is.
The Company will utilize Les Wilson Inc.’s rig #25 which is expected to be available to commence drilling Strata-X’s well in mid-May 2013.
Strata-X has submitted an application to drill the horizontal well to the proper regulatory agencies in the State of Illinois with the following expected parameters: a true vertical depth of 4,500ft, a true measured depth of 9,300ft and a horizontal leg length of 4,300ft. The permit to drill the well is expected to be approved by the State of Illinois in the coming weeks and will be followed by further press releases detailing the Company’s plans in this project.
More information about the Vail Oil Project and Strata-X’s portfolio of projects can be found on the Company’s website at www.strata-x.com.