Commencement of Bowmore Appraisal Well Drilling Operations in UK North Sea

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[{"type":"text","content":"\n\n\n\nCALGARY and LONDON, June 22 /CNW/ - Stratic Energy Corporation (TSX\nVenture: 'SE', AIM: 'SE') ("Stratic" or the "Company") announces that operator\nNippon Oil Exploration and Production U.K. Limited commenced drilling\noperations on the 15/24a-J Bowmore appraisal well located in the UK Central\nNorth Sea with the Ocean Guardian semi-submersible rig on 20 June 2009.\nStratic has a fifteen per cent interest in the P1465 licence covering blocks\n15/24a, 15/23c, 15/28a and 15/29e.\n\n\nThe 15/24a-J well is located between the 15/24a-4 discovery well and the\nrecently appraised Bugle accumulation to the west on contiguous block 15/23d.\nThe well is targeting Upper Jurassic sandstones which flowed hydrocarbons at\nthe 15/24a-4 discovery and at the Bugle accumulation. The original 15/24a-4\ndiscovery well, drilled in 1990, flowed 11 million standard cubic feet of gas\nper day and 3,024 barrels of condensate per day. Operations to total depth,\nincluding wireline logging, are expected to take 45 days.\n\n\nDr Mark Bilsland, Chief Operating Officer, commented "We are looking\nforward to the results of this important first appraisal well designed to test\nthe down-dip potential of the Bowmore accumulation. The results of this well\nwill provide valuable information on the size and reservoir characteristics of\nthe Bowmore discovery and assist in defining development options."\n\n\nAbout Stratic: Stratic Energy Corporation is a Canadian-incorporated\ninternational oil and gas business focused on adding value principally through\nthe appraisal, development and production of existing discoveries,\nsupplemented by a low to moderate risk exploration program. Stratic's\nprincipal interests are in the UK and Dutch sectors of the North Sea, Italy,\nTurkey and Syria. Its shares are listed on the TSX Venture Exchange in Toronto\nand on AIM, London and its principal operating office is in London, UK.\n\n\nForward-looking statements\n\n\nThis news release contains certain forward looking statements, which\ninvolve assumptions with respect to future plans, production levels and\nresults, and capital expenditures. The reader is cautioned that all such\nforward looking statements involve substantial risks and uncertainties and the\nassumptions used in their preparation may not prove to be correct. Stratic's\nactual...

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