Stratex Provides Update on Golden Valley

Stratex Provides Update on Golden Valley 
Stratex Currently Owns Leasehold Interests in 8,500 Gross and 6,300
Net Acres in Golden Valley, North Dakota 
WATERTOWN, CT  -- (Marketwired) -- 04/25/13 --   Stratex Oil & Gas
Holdings, Inc. (OTCQB: STTX) ("Stratex") recently learned that
several successful Red River formation wells have been drilled
approximately 12 miles north of its leaseholds in Golden Valley.
Whiting petroleum has drilled and/or permitted 10 additional wells in
Golden Valley, North Dakota in the last several months. Additionally,
Whiting Petroleum has applied to the North Dakota Industrial
Commission to consider temporary spacing to develop two oil/gas pools
discovered by previous wells in Golden Valley County, ND. 
The two wells are the 44-24TFH Kjelstrup (SESE Section 24, T.142N.,
R.103W) and the Samuelson #23-32 (NESW of Section 32, T.142N.,
R.105W). Whiting has also applied to establish multiple spacing units
in its acreage at Section 21, T.141N., R.104W in Golden Valley and
authorize both horizontal and vertical wells at those locations. 
The Northrup #1-25 (SWNW 25-136-106) Red River well, which is located
on Stratex's leasehold in Golden Valley, North Dakota, produced
739,035 barrels of oil from the Red River formation before it was
shut in by Amerada Hess Corp. in the 1980s. 
Stratex is pleased that the Red River play is developing in Golden
Valley, North Dakota and will continue to monitor the progression to
maximize the value of its leasehold. 
To receive timely information on Stratex Oil & Gas Holdings when it
hits the newswire, sign up for Stratex's email news alert system at: 
About Stratex Oil & Gas Holdings, Inc. 
Stratex is an independent energy company focused on the exploration,
acquisition, and production of crude oil in the Bakken and Three
Forks formations in North Dakota and Montana. Its oil and natural gas
operations are primarily concentrated in two Rocky Mountain basins,
the Williston Basin of North Dakota and Montana, and the Green River
Basin of Wyoming. Stratex's corporate strategy is to internally
identify prospects, acquire lands encompassing those prospects, and
evaluate those prospects using subsurface geology, geophysical data,
and exploratory drilling. Using this strategy, Stratex has developed
an oil portfolio of proven reserves, as well as development and
exploratory drilling opportunities on high potential oil prospects. 
Stratex's core operating areas are the Williston Basin in North
Dakota and Montana, and the Denver-Julesburg Basin in Colorado. In
the Williston Basin, Stratex focuses on oil production from multiple
zones including the Bakken Shale and Three Forks Sanish Formations.
In the Denver-Julesberg Basin Stratex focuses on the Niobrara
Stratex engages geologists, petroleum engineers, and geophysicists
with years of relevant industry experience in the basins where the
Company operates. Stratex strives to retain operations on its lands
wherever possible in order to control the timing of the development
of its leasehold. For more information visit: 
Safe Harbor 
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 (the
"Act"). Additionally, words such as "seek," "intend," "believe,"
"plan," "estimate," "expect," "anticipate," "project" and other
similar expressions are forward-looking statements within the meaning
of the Act. Some or all of the events or results anticipated by these
forward-looking statements may not occur. Factors that could cause or
contribute to such differences include the ability of Stratex Oil &
Gas to attract customers for its services, and to continue developing
its oil & gas assets. Further information on Stratex's risk factors
is contained in its filings with the Securities and Exchange
Commission, including the Form 8-K filed in connection with the
Merger. Stratex Oil & Gas does not undertake any duty nor does it
intend to update the results of these forward-looking statements. 
Investor Contact:   
WSR Communication
772-219-7525 (tel)
Press spacebar to pause and continue. Press esc to stop.