Strike Acquires Leasehold in Rockies

Strike Oil Limited

Strike Oil Limited has exercised its option to participate on the leasehold acquisition over part of the Florence Oilfield in Fremont County, Colorado.

This acquisition represents a new project, which is an exciting expansion of Strike Oil's oil projects in Colorado where it already participates in the Tow Creek/Bear River oil projects.

Strike Oil will have a 26% Working Interest after the earning phase of the Florence project.

The Operator is Comet Ridge Limited. Strike Oil also has an 8.9% shareholding in Comet Ridge Limited.