Al Tayr 101 well, Block 17, Syria completed
January 25 2010 - 8:00AM
UK Regulatory
TIDMSE.
RNS Number : 0629G
Stratic Energy Corporation
25 January 2010
NEWS RELEASE
Al Tayr 101 well, Block 17, Syria completed
CALGARY and LONDON, January 25, 2010 - Stratic Energy Corporation (TSX Venture:
'SE', AIM 'SE.') ("Stratic" or the "Company") announces that the Al Tayr 101
well, drilled on its operated Block 17 concession in Syria, has reached TD and
is being plugged and abandoned following an unsuccessful test program. The well
was spudded on October 7, 2009 and was drilled to a depth of 3,150 meters. The
well encountered gas shows throughout the Kurrachine Dolomite section, the main
producing horizon within the Ash Shaer and other nearby producing fields. The
well was tested, including an acid stimulation program, over two prospective
intervals, neither of which flowed gas to surface. The well satisfies the
exploration commitment in the first phase of the concession.
Mark Bilsland, Stratic's Chief Operating Officer commented: "We are disappointed
that this promising prospect failed to flow gas to surface. We and our partners,
Kufpec and Dualex, are evaluating the results of the well and the remaining
prospectivity on the acreage to determine the next steps in the exploration
program."
Stratic is operator and holds a 35% working interest in Block 17 in Syria.
Notes to Editors:
About Stratic: Stratic Energy Corporation is a Canadian-incorporated
international oil and gas business focused on adding value principally through
the appraisal, development and production of existing discoveries, supplemented
by a low to moderate risk exploration program. Stratic's principal interests are
in the UK and Dutch sectors of the North Sea, Italy, Turkey and Syria. Its
shares are listed on the TSX Venture Exchange in Toronto and on AIM, London and
its principal operating office is in London, UK.
TSX-V notification
The TSX Venture Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of the contents 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 contact:
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: roger.fullerton@straticenergy.com
Website: www.straticenergy.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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