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Stratex Oil & Gas Holdings Inc (STTX)

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Last Post: 9/23/2021 12:04:30 PM - Followers: 31 - Board type: Free - Posts Today: 0



Drilling & Fracturing

The introduction of new technology in recent years has led to rapid growth of the daily oil production in the Bakken.

The application of both horizontal drilling and fracturing has increased the productivity of wells and made the wells much more efficient.

Horizontal Drilling

Horizontal drilling is useful in reaching targets and stimulating reservoirs in ways that cannot be achieved with vertical wells. A rock unit that is only 50 feet thick is limited to a pay zone that is 50 feet in length with a vertical well. Horizontal drilling can expand the previously limited pay zone by thousands of feet. Also, horizontal drills can deliberately intersect fractures. The productivity of these wells can be increased tremendously with the use of horizontal drills.

Hydraulic Fracturing

Hydraulic fracturing is a technique that can increase the flow of oil or gas from a well. The procedure is done by pumping high quantities of liquid down a well and into the reservoir rock at a high pressure to fracture the rock. The technique creates a network of interconnected fractures that allow more oil to flow through the rock.

At a Glance:

Management Team

Stephen P. Funk , Chief Executive Officer

Stephen P. Funk brings over 25 years of experience in finance to Stratex. Mr. Funk is the founder of Alta Investments LLC, a specialized investment banking consultant. Mr. Funk has consulted on numerous mergers, acquisitions and strategic alliances. Mr. Funk raised over $90 mm of equity in a portfolio of small-cap high growth companies. Prior to Alta, Mr. Funk was a Vice President at Windham Associates. Mr. Funk identified possible companies to be acquired by the NYSE and closed 26 acquisitions. Before joining Windham, Mr. Funk worked at Merrill Lynch as a Vice President in Business Financial Services. At Merrill Lynch, Mr. Funk completed over 20 mergers and acquisitions and built a $160mm investment portfolio along with a $100mm commercial loan portfolio. Mr. Funk graduated from Marist College in 1984 with a B.S. in Business Administration, Finance.

Timothy Kelly, President & COO

Tim Kelly brings over 20 years experience in the securities industry. Mr. Kelly founded Lynden Capital Management, a equity and venture management company, in 2002. While at Lynden Capital, Mr. Kelly invested in dozens of public and private companies. Mr. Kelly also advised on strategic acquisitions as well as debt and equity financings. Prior to Lynden, Mr. Kelly worked at Credit Suisse as a Senior Vice President in equity sales. Before joining Credit Suisse, Mr. Kelly worked at Hambrecht & Quist, which then merged with JP Morgan Chase in equity sales. Mr. Kelly began his career at New England Securities in equity sales. Tim Kelly graduated from Providence College in 1990 with a B.S. in Business Administration, Marketing.

Stratex Oil & Gas

Stratex Oil & Gas is a publicly-traded (Ticker: STTX) independent energy company focused on the exploration, acquisition and production of crude oil in the Bakken, Three Forks, Heath and Tyler Formations in North Dakota and Montana, and the Niobrara Formation in Colorado, Nebraska and Kansas. Stratex's oil and natural gas operations are primarily concentrated in the Williston Basin and Denver-Julesberg Basin. Our corporate strategy is to internally identify, evaluate, and acquire geographic prospects using subsurface geology, geophysical data, and exploratory drilling so as to create a desirable oil portfolio of significant proven reserves. We primarily employ a non-operated business model to minimize operating and overhead costs while still participating in the revenue stream of each well on our properties. Also, Stratex owns an operating interest in a producing well in Roosevelt County, Montana.


Bakken Oil/Gas & STTX.."The REAL DEAL"!



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#588   CEO https://www.linkedin.com/in/josephjmattia Dream 09/23/21 12:04:30 PM
#587   Wow lfg cdnboy 09/23/21 11:51:52 AM
#586   Mover jchords 09/22/21 10:23:10 AM
#585   Silent mover jchords 09/16/21 11:35:22 AM
#584   Nice action today jchords 06/23/21 12:21:31 PM
#583   when is somebody going to do something with donut 04/14/21 12:11:41 PM
#582   I saw some movement in this stock today, DAP56 02/04/21 02:06:14 PM
#581   Reinstatement or curing delinquency I saw curing delinquency m0n 10/30/20 10:59:51 PM
#580   Is that link right. Imarket13 10/30/20 05:35:46 PM
#579   STTX Reinstatement Filed today elite6_0 10/30/20 04:51:25 PM
#578   Interesting. Bid at .003 for 236,400 shares. Why? andre1234 09/08/20 12:32:56 PM
#577   Choctaw, Do you have any update on STTX Sun7 07/28/18 09:24:07 PM
#576   we have a pulse! smithrines 08/30/17 04:22:07 PM
#575   Anyone home? What's going on here? Zalmy 04/18/16 11:04:13 AM
#574   DEAD !! R.I.P. ? donut 03/11/16 10:04:44 AM
#572   Or maybe end of year selling for tax loss Zalmy 12/29/15 03:54:36 PM
#571   I guess they're diluting Zalmy 12/29/15 03:40:53 PM
#570   Why the volume? Zalmy 12/23/15 03:15:21 PM
#569   1) we own 3% of this well choctaw 02 11/24/15 04:24:21 PM
#568   Then why are we under a penny? Zalmy 11/23/15 11:41:43 PM
#567   Moroni 11M-1107 Well Production choctaw 02 11/23/15 10:51:00 PM
#566   What the hell is going on here? I Zalmy 11/19/15 01:23:23 PM
#565   Choctaw, Thanks for your insight. I believe the cng Sun7 08/31/15 05:02:35 PM
#564   Sun7, No idea what is going on in Utah. choctaw 02 08/30/15 07:23:47 PM
#563   Choctaw, Do you have any update on STTX progress Sun7 08/27/15 05:46:38 PM
#562   Do you have any recent news on the Sun7 07/23/15 04:44:58 PM
#561   We are hearing bullish rumors about the new PlatypusRx 05/19/15 09:59:36 AM
#560   Looks positive, from where I sit. STTX sheds PlatypusRx 05/04/15 04:26:33 PM
#559   Any thoughts on Gaines departure? RickKayne 05/03/15 01:47:59 AM
#558   Thanks as well for this and your previous Sun7 04/24/15 03:28:22 PM
#557   Platypus, Thanks for the update. Sounds like good news. choctaw 02 04/24/15 01:18:05 PM
#556   At the hearing yesterday, Whiting was granted permission PlatypusRx 04/23/15 12:50:42 PM
#555   That's a lot of volume today AJO19 04/21/15 12:27:16 PM
#554   The 10-k is a portrait of a little PlatypusRx 04/21/15 09:46:31 AM
#553   What happened today? Is this reaction to 10-k? AJO19 04/20/15 12:11:22 PM
#552   Nothing unexpected. choctaw 02 04/17/15 04:41:01 PM
#551   What does everyone make of the 10-k AJO19 04/17/15 04:13:27 PM
#550   Yeah, they are delineating the reservoir with wide Drill Baby 04/15/15 09:48:04 AM
#549   You may want to reconsider your estimate. They Oilcard 04/15/15 01:03:35 AM
#548   I am not sure what value it would Oilcard 04/15/15 12:49:57 AM
#547   Rough guess 150,000 barrels per well EUR with Drill Baby 04/15/15 12:30:04 AM
#546   The Moruni #1 logs published on the UDOGM Oilcard 04/15/15 12:12:00 AM
#545   Gentlemen, I did not see Natural Gas Absorption Technology choctaw 02 04/14/15 05:06:39 PM
#544   @Oilcard - Your guesstimate of 30-40MM bbls recoverable PlatypusRx 04/14/15 11:39:44 AM
#543   Permeability can be estimated using Darcy's law. Drill Baby 04/13/15 11:17:03 PM
#542   Oilcard, I think this is the report you are choctaw 02 04/13/15 10:30:29 PM
#541   I think you are dead on in your Oilcard 04/13/15 09:13:23 PM
#540   Guys, I admit that I was wrong about the choctaw 02 04/12/15 08:07:40 PM
#539   Interesting, is it a horizontal well? How Drill Baby 04/12/15 07:45:53 PM
#538   From the 4/8/15 filing to the UT oil PlatypusRx 04/12/15 02:48:13 PM
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