Botswana CSG Project Tenements Reissued

“Our team has been working with the Botswana government to develop a framework, including the extended tenure which allows for the planned successful development of the Company’s Serowe CSG Project. The new license terms combined with the acquisition of a 100% working interest offers long tenure and full control of the project. Importantly, the Company is free from a restrictive farm-in arrangement while ensuring that its investment is protected with a much longer tenure. I am very pleased with our progress and believe this project will be a major growth driver for the Company over the next 12 months and beyond.” Tenement Renewals Terms The new prospecting licenses known as PL018-2018 and 019-2018 carry a primary term of 3 years with two, 2-year extensions. The Company’s reissued tenements are new issuances to replace coal seam gas prospecting licenses 352-353/2008 once held by Rhino CBM Pty LTD (“Rhino”). Strata-X Australia PTY LTD, owner of the Republic of Botswana subsidiary Rhino, created a new wholly owned Republic of Botswana subsidiary called Sharpay Enterprises Pty Ltd (“Sharpay”) to hold the new Prospecting Licenses. Source / Further information : Strata-X Energy Ltd. oilandgasOil and Gas News Undiluted !!! “The squeaky wheel gets the oil” Follow us: @OilAndGasPress on Twitter | OilAndGasPress on Facebook ]]>