Stratex Oil & Gas Holdings Inc (STTX)

[Oilcard]

The well was fracked months ago. From the equipment they have on location I am being told they are still trying to drill out the frack plugs. There is a snubbing unit on the well a few days ago which usually means the well is flowing while they are trying to get out the plugs. there is oil flowing with no way to tell how much. There is no apparent gas flare and if there was it has no colour to be seen from the road. The scouting picture shows oil production tanks everywhere.I did some research and all you have to do is type in Independence Richfield or moroni well richfield and it will point you to a Redchip report and other presentations that dives further into greater detail on that project when Richfield owned it. The other lands that STTX has outside of Whiting are said to be many times better so I don't know why they don't say something. The first Moroni well had pressures at 150% of normal and 800 feet of pay in an old presentation I found of Richfields that is still on the internet.
Seems like Whiting is holding this one back and STTX is going deaf, dumb and blind. There is some real explaining to do here because it is MATERIAL if this well is making oil, PERIOD. Apparently they don't care about the shareholder because with what little is left of the abysmal market cap, this is even bigger news. I am thinking a press release or jail time for STTX management.