Strata-X Subsidiary Buys Texas-based Jadela Oil Mineral Rights

Jadela Oil Corp. (TSXV:JOC) announced that Strata-X Inc., a subsidiary of Strata-X Ltd. (TSXV:SXE), has purchased some of its Eagle Ford shale mineral rights, which are located in Maverick, Texas.

As quoted in the press release:

Strata-X, Inc. … has acquired an undivided 57.5% interest in 20,985 gross acres (approximately 15,200 net acres) of leased mineral rights and optioned mineral rights (“Option Assets”), with a further right to increase its interest to an undivided 75% interest.  Strata-X, Inc. has also acquired an undivided 15% interest in the 660 net acres and related assets (“660 Acre Assets”) that was earned or acquired by Jadela upon drilling the El Indio #1H well.

Click here to read the full Jadela Oil Corp. (TSXV:JOC) press release.