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Strata-X Ltd. (TSXV:SXE) announced that according to Vallecitos Project operator, the 6-31 RD2 stepout well at Vallecitos field is in a mature producing area.

Strata-X Ltd. (TSXV:SXE) announced that according to Vallecitos Project operator, the 6-31 RD2 stepout well at Vallecitos field is in a mature producing area.

As quoted in the press release:

The oil shows encountered while drilling the primary target, Yokut sand, are consistent with what would be expected of a productive oil reservoir in the area.

Click here to read the Strata-X Ltd. (TSXV:SXE) press release.

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