Stratic Energy Company News

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EnQuest Commences Drilling at West Don Field
Stratic announced that operator EnQuest spudded the 211/18a-W4 well on the West Don field on August 7, 2010.
8:00 PM EST | August 08, 2010
EnQuest Increases Reserves in North Sea with Stratic Acquisition
EnQuest has entered into an Arrangement Agreement to acquire the entire issued share capital of Stratic.
8:00 PM EST | August 02, 2010
Stratic Highlights 1Q10 Financial, Operational Results
Stratic filed its Interim Financial Statements and accompanying Management's Discussion and Analysis for the quarter ended March 31, 2010.
8:00 PM EST | May 27, 2010
Stratic Finalizes Turkish Business Sale
Stratic Energy has completed the sale of its Turkish business.
8:00 PM EST | May 11, 2010
Nexen Drills a Duster in North Sea
Stratic announced that Nexen, acting as operator of the well, will plug and abandon the 15/23d-15 Bugle North well in the North Sea.
8:00 PM EST | May 06, 2010
Stratic Sells Turkish Subsidiary
Stratic Energy has reached an agreement for the sale of its Turkish business.
8:00 PM EST | May 06, 2010
Stratic Pulls Through Tough 2009
Stratic Energy announced its results for 2009.
8:00 PM EST | May 02, 2010
Stratic Pulls Through Difficult Period
"I am pleased that we have pulled through a very difficult period, which has seen a radical restructuring of Stratic's business in the light of the prevailing economic environment," said Kevin Watts.
8:00 PM EST | April 29, 2010
Stratic Closes Sale of Italian Business
Stratic has completed the sale of its Italian business, including its interest in the Longanesi gas field and other exploration acreage in the country, to Enel.
8:00 PM EST | April 19, 2010
Don Partners Complete UK North Sea Export Route
Pipeline export for the West Don Field via Lundin's Thistle platform into the Brent Pipeline System for delivery commenced on March 5, 2010.
7:00 PM EST | March 07, 2010
Stratic Gets Regulatory Nod for Sale of Italian Business
Stratic has received approval from Italy's Ministry of Economic Development under Ministerial Decree dated February 22, 2010 for the first leg of its previously announced transaction to sell its Italian business to Enel Trade Spa.
7:00 PM EST | February 24, 2010
Nexen Spuds Bugle North Prospect in UK North Sea
Operator Nexen spudded the 15/23d-15 well on the boundary between blocks 15/23c and 15/23d on February 22, 2010.
7:00 PM EST | February 22, 2010
Stratic Reviews Global E&P Plans for 2010
Stratic Energy has provide a business update and review of its plans for 2010.
7:00 PM EST | February 08, 2010
Stratic Earmarks $10MM for E&P in UK, Syria
Stratic ended 2009 with net debt of $106.5 million, comprising cash (excluding restricted cash) of approximately $6 million, bank debt of $48 million and subordinated convertible loans of $64.5 million.
7:00 PM EST | February 08, 2010
Stratic Completes Al Tayr 101 Well Onshore Syria
Stratic's Al Tayr 101 well, drilled on its operated Block 17 concession in Syria, has reached TD and is being plugged and abandoned following an unsuccessful test program.
7:00 PM EST | January 24, 2010
Stratic Updates on West Don Reserves, Field Operations
Stratic has provided an update on reserves and operating performance for the Petrofac-operated West Don field in the North Sea.
7:00 PM EST | November 18, 2009
Stratic Sells Italian Business, Longanesi Gas Field Interest to Enel
Stratic has announced the sale of its Italian business to Enel Trade SpA, a subsidiary of one of Italy's largest companies.
7:00 PM EST | November 05, 2009
Stratic Trims 2009 Gross Production Estimate for West Don
At West Don, Stratic now considers that 2009 gross production from the field will be approximately 1.75 million barrels of oil, down from its previous estimate.
7:00 PM EST | November 05, 2009
Stratic Spuds Well on Jebel Nasrani Prospect Onshore Syria
Stratic has commenced drilling operations at the Al Tayr-101 well on the Jebel Nasrani prospect located in Block XVII in the Palmyride Basin of southwest Syria.
8:00 PM EST | October 07, 2009
TPAO Spuds Bati Ayazli-1 in Black Sea Off Turkey
TPAO has commenced operations on the Bati Ayazli-1 exploration well in the South Akcakoca Sub basin located in the Black Sea, offshore Turkey.
8:00 PM EST | October 06, 2009
Stratic Wraps Up Disposal of Breagh Interest to Pay Down Debt
Stratic has completed the disposal of its interest in the UKCS Breagh gas discovery and surrounding exploration acreage. Proceeds of approximately $65 million were received today and will be used primarily to pay down debt.
8:00 PM EST | August 25, 2009
RWE Dea Takes Bigger Bite of Breagh in UK North Sea
With a 70% stake RWE Dea will take over the majority of the Breagh gas field and its operatorship.
8:00 PM EST | July 21, 2009
Nippon, Partners Spud Bowmore Appraisal in UK North Sea
Stratic announced that Nippon commenced drilling operations on the 15/24a-J Bowmore appraisal well located in the UK Central North Sea with the Ocean Guardian semisubmersible rig on June 20, 2009.
8:00 PM EST | June 21, 2009
Stratic Energy Grants Share Options to Staff
Stratic Energy has granted stock options to employees to acquire up to 2,950,000 common shares of the Company under its stock option plan.
8:00 PM EST | June 15, 2009
First Oil Flows from West Don Field in UK North Sea
Petrofac has announced the commencement of production from the West Don field in the UK North Sea.
8:00 PM EST | April 28, 2009
Stratic, Eni Agree on Devt Plan for Italian Longanesi Field
Stratic reported that the Development Plan for the Longanesi Field has been agreed with Eni and submitted by the two partners to the Italian authorities for approval.
7:00 PM EST | February 24, 2009
Drilling Contractor Unable to Meet Timetable for Block 17, Syria
The drilling company contracted to drill the Al Tayr-101 well on Block 17 in Syria was not able to meet the timetable set out in the drilling contract, which has resulted in the contract's termination.
7:00 PM EST | January 28, 2009
Northern Petroleum Constructs Well Site at Po Basin Gas Play Onshore Italy
Northern Petroleum UK has succeeded in putting all pre-drilling approvals in place, signed a drilling rig contract and commenced site construction works at the Po Basin gas play, onshore Italy.
7:00 PM EST | January 25, 2009
Stratic, JV Partners Cease Operations at UK North Sea Well
Following a series of operational difficulties, Stratic and its joint venture partner have decided to cease operations on well 16/2b-5A in the UK North Sea.
7:00 PM EST | January 08, 2009
Stratic Commences Drilling at Cairngorm in the UKCS
Stratic, as license operator, announced that drilling operations have commenced at the Cairngorm discovery area in UKCS blocks 16/2b and 16/3d.
7:00 PM EST | December 01, 2008
Stratic Highlights 3Q Ops, Pledges to Maintain Activity on Best Projects
Stratic has filed its interim financial statements and accompanying Management's Discussion and Analysis for the quarter ended September 30, 2008.
7:00 PM EST | November 20, 2008
Stratic Energy Snags 3 Central North Sea Blocks
Stratic Energy has been awarded three blocks in the U.K. 25th Offshore Licensing Round.
7:00 PM EST | November 12, 2008
Stratic President: 'Only 7 Months Until West Don Production Start Up'
Stratic noted that the West Don project in the UK North Sea is on track for first oil at end Q1 2009. Field development was approved by the UK government in May 2008 and development drilling commenced in August 2008.
8:00 PM EST | August 27, 2008
Petrofac Spuds First Well at West Don, Don Southwest Fields
Petrofac announced that its Energy Developments division, as Operator and on behalf of itself and its co-venturers, has commenced offshore construction and drilling operations on the West Don and Don Southwest fields.
8:00 PM EST | August 25, 2008
Nexus Names New CFO
Nexus Energy appointed Peter Thomas to the position of Chief Financial Officer.
8:00 PM EST | July 10, 2008
Van Der Welle Named CFO for Stratic
Stratic's CFO, Peter Thomas, is leaving the Company to take up a senior executive position with another oil company in Australia. John van der Welle will succeed him as CFO and director, with immediate effect.
8:00 PM EST | July 09, 2008
West Don Field Development Approved by UK Government
Stratic Energy Corporation announced that Field Development Program approval has been received from the UK Government's Department for Business, Enterprise and Regulatory Reform for the development of the West Don oil field in the UK North Sea.
8:00 PM EST | May 27, 2008
Stratic Energy Posts Loss, Continues Development in Q1 2008
Stratic Energy Corporation filed its interim financial statements Analysis for the quarter ended March 31, 2008. While posting a loss, the company continues to grow in investment and development.
8:00 PM EST | May 21, 2008
Stratic Closes $150 Million Debt Facilities
Stratic Energy Corporation announces that closing has occurred in respect of its $150 million senior secured debt facilities, following commitments secured and announced earlier this year.
8:00 PM EST | April 10, 2008
Stratic Closes $42.5 Million Convertible Notes
Stratic Energy Corporation announces that closing has occurred in respect of its recently announced issue of US$42.5 million subordinated Convertible Notes, due 2013.
8:00 PM EST | April 08, 2008
Stratic Snags First Gas from Ayazli Field Offshore Turkey
Stratic Energy Corporation announces that gas production commenced last Friday from its Ayazli gas field, in the Black Sea offshore Turkey.
8:00 PM EST | March 17, 2008
Stratic Issues $42.5 Million in Subordinated Convertible Notes
Stratic Energy Corporation has reached agreement for a private placement of US$42.5 million Subordinated Convertible Notes, due 2013, to a group of US investors, subject to certain conditions.
8:00 PM EST | March 17, 2008
Stratic Secures $150M Bank Loan Facilities
The new facilities to be provided to certain subsidiaries of Stratic comprise a $110 million senior, secured Borrowing Base facility and a $5 million working capital facility.
7:00 PM EST | February 12, 2008
Stratic Resumes Gas Production Offshore Turkey
This follows the suspension of production in late November 2007 as a result of damage to the pipeline system caused by a fishing boat trawling in the exclusion area around the production facilities.
7:00 PM EST | February 10, 2008
Stratic Enters Sale Agreement for Offshore Italy License
The consideration is US$1 million in cash, subject to working capital adjustments. Completion of the agreement is conditional principally on approval by the relevant Government authorities.
7:00 PM EST | January 08, 2008
Stratic Energy Sells Offshore Tunisia Interests for $1 Million
Stratic Energy has entered into a conditional sale agreement in respect of its Kerkouane permit offshore Tunisia (held 100% by Stratic). The consideration is US$1 million in cash, subject to working capital adjustments.
7:00 PM EST | January 06, 2008
Stratic Energy Says Crawford Well Exceeds Expectations
Stratic says that the 9/28a-18 Crawford appraisal well in the UK North Sea will be suspended for future operations following completion of current activities on the well, having successfully proved an extension of the Crawford Triassic reservoir.
7:00 PM EST | December 09, 2007
Stratic Energy Says Appraisal Successful at Crawford Well
Stratic says that the 9/28a-18 Crawford appraisal well in the UK North Sea has successfully confirmed the extension of Crawford Triassic reservoir to the north of the field.
7:00 PM EST | November 25, 2007
Stratic: Farmout of Moroccan Acreage
Stratic has converted a portion of its Guercif Beni Znassen Reconnaissance License in northeastern Morocco into two exploration permits and agreed to farm-out half of its former 40% working interest to Sphere Investments QSC.
7:00 PM EST | November 06, 2007
Toreador Finds Gas at the Bati Eskikale-1 Well
The Bati Eskikale-1 well discovered approximately 10 meters of net gas pay.
8:00 PM EST | October 31, 2007