SXA Share Price History
27 Apr, 2020
Highlights On 5 March 2020 Strata-X announced a Heads of Agreement with BotsGas Pty Ltd ("Botsgas") for a staged farm-out program designed to de-risk the Serowe CSG Project and, if successful, to prove sufficient reserves to secure a foundation Gas Sales Agreement. Due to execution complexities surrounding the COVID-19 pandemic, the parties have agreed on a revised structure for Botsgas to farmin to the Serowe CSG Project. The revised Heads of Agreement (which replaces the terms announced ...
05 Mar, 2020
Up to 7 Appraisal Wells and 3 Multi-well Production Pilots Strata-X executed Heads of Agreement with BotsGas Pty Ltd ("Botsgas") for a staged farm-out program designed to de-risk the Serowe CSG Project and, if successful, prove sufficient reserves to secure a foundation Gas Sales Agreement (GSA).If all stages are progressed, BotsGas will fund 100% of the estimated costs to drill, complete and test up to 19 wells subject to any cost overruns that will be ...
09 Jan, 2020
Approval granted for additional 75 wells over high-grade area Highlights:The Botswana Department of Environmental Affairs has approved the Environmental Impact Assessment ("EIA") on the Serowe Project.The approved EIA grants Strata-X the right to drill and test an additional 75 wells over the 2.38 Tcf Prospective Resource high-grade area.(1)A multi-well appraisal drilling and production testing programme is planned for 2020 within the high-grade area.Brisbane, Queensland and Vancouver, British Columbia--(Newsfile Corp. - January 9, 2020) - The ...
12 Dec, 2019
Denver, Colorado, Brisbane, Queensland and Vancouver, British Columbia--(Newsfile Corp. - December 12, 2019) - The directors of Strata-X Energy (TSXV: SXE) (ASX: SXA) ("Strata-X" or "Company") are pleased to announce that an independent review of the data for Project Venus (ATP2051 previously PLR2019-1-11) (RLE:50%/SXA:50% "JV") has revealed the following Prospective Gas Resource (Recoverable):HighlightsThe 50:50 JV between Real Energy and Strata X Energy Limited is moving ahead with highly prospective Walloon Coal Seam Gas acreage ...
19 Nov, 2019
The directors and management of Strata-X Energy Ltd. (“Strata-X” or the “Company”) (TSX-V:SXE) (ASX:SXA) are pleased to announce that the Company is undertaking a non-brokered private placement to sophisticated and institutional investors in Australia of up to 18,000,000 Units (“Units”) in the Company at a price of A$0.05 per Unit for gross proceeds of up to A$900,000 (“Placement”). Each Unit consists of one Chess Depository Unit (“CDI”) and one half of one option. The funds raised from the Placement will primarily be used to progress the Company’s recently announced CSG project in the Surat Basin (Queensland, Australia), ongoing environmental and development studies on the Company’s 100% owned Serowe CSG Project in Botswana, repayment of a director loan (matched by a Placement subscription by the director), lease maintenance, costs of the Placement and general working capital.
30 Oct, 2019
Strata X Energy Ltd and Real Energy Ltd are the Preferred 50:50 Bidders for a highly prospective Surat Basin (Australia) Coal Seam Gas (CSG) tenement targeting Walloon coals. The tenement is surrounded by major CSG producing tenements and covers 153 km2 approximately 9 km west of Miles, Queensland. The tenement is located within 6 km of a gas pipeline connected to east coast gas markets offering the potential for early cash flows once the significant gas resources are progressively converted to reserves.
16 Sep, 2019
NDA signed with Botswana Development Corporation (BDC) to allow due diligence required for a multi-staged US$10 million finance package targeting the appraisal and development of Strata-X’s 100% owned Serowe CBM Project. BDC is the largest investment holding company in Botswana. Serowe CBM Project has been estimated to contain up to 6 TCF of Prospective Resource.
02 Sep, 2019
If you want to know who really controls Strata-X Energy Ltd. (CVE:SXE), then you'll have to look at the makeup of its...
12 Aug, 2019
Highlights Approval of the Scoping Form in advancement of the Environmental Impact Assessment (“EIA”).Full EIA report will be submitted in September with final approval.