Stratex Oil & Gas Holdings Inc (STTX)

[Oilcard]

The Moroni well completion with Whiting is sure to be announced any day. The original well this new drill offsets was full of unconsolidated shales, quartzite and sand. It was one huge fractured mass of oil and gas. It was over pressured, 6 times thicker and deeper with more oil reserves than the Bakken. So why is Whiting taking this shot here with this little independent? The oil and gas from this recent well is getting ready to be tested. It is projected to be the biggest discovery in North America and Whiting and Stratex own this play. As I see it, Whitings position is good but Stratexs position has more potential. We need someone in Utah to go to the meetings at the commission and report back to us on this board. The projection is that this well will open up the largest most prolific "shale" play in the world. A lot of details to come.