Strata-X Announces Update on Capital Raising and Initial Public Offering on ASX

Strata-X Announces Update on Capital Raising and Initial Public Offering on ASX 
02/12/13 -- The directors and management of Strata-X Energy Ltd
("Strata-X" or the "Company") (TSX VENTURE:SXE) are pleased to
announce that the offering associated with the Company's dual-listing
on the Australian Securities Exchange ("ASX") has closed with
approximately A$12.6 million in firm commitments. The final numbers
are being tabulated and documentation processed with a final tally
expected by February 15, 2013. The Company's CHESS Depositary
Interests (CDIs) will begin trading on the ASX once the ASX listing
conditions have been satisfied. Each CDI represents one underlying
share in Strata-X. The Company's existing shares will continue to
trade on the TSX Venture Exchange under the symbol "SXE". 
The IPO was lead managed by BBY Ltd and Helmsec Global Capital
Limited. Bizzell Capital Partners Pty Ltd acted as financial advisor
to Strata-X. 
About Strata-X Energy Ltd 
Strata-X Energy Ltd and its wholly owned subsidiaries, Strata-X, Inc.
and Strata-X Australia Pty Ltd, is an independent oil and gas
exploration company listed on the TSX-V. Based in British Columbia,
Canada, Strata-X has a portfolio of petroleum projects which provides
a diversified collection of potential high growth opportunities for
Shareholders. The Company's strategy and goals are to discover and
develop oil and gas opportunities with relatively low entry costs, a
meaningful acreage position and a large working interest which
combine to create the potential for substantial growth for
Strata-X Energy currently owns or has rights to approximately
6,779km2 (1,675,160 net acres) in petroleum assets located in the USA
and Australia. The company is primarily targeting near term growth in
conventional and unconventional oil resources in the USA. Longer term
growth is offered in the Company's successful strategic application
for 5,820 km2 (1,438,120 acres) in the Canning Basin, Western
Australia. Strata-X Energy owns and operates 100% of the majority of
its four key projects which provides the Company with flexibility in
terms of timing and approach to exploration and any subsequent
development of delineated oil and gas properties. The Company also
has interests in several other petroleum projects in the USA. 
Strata-X is engaged in the business of oil and gas exploration and
development with a variety of exploration opportunities in Texas,
North Dakota, California, Illinois and Western Australia and
production and development opportunities in California and Texas.
Strata-X Energy Ltd has 63,737,105 shares outstanding. 
Public documents for Strata-X Energy Ltd. in Canada can be found at
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." Further the
Handbook 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." 
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 are 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 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. 
Strata-X Energy Ltd.
Tim Hoops
Strata-X Energy Ltd.
Colin Christensen
Investor Relations
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