Stratic agrees to Sicily area exit

Stratic Energy has agreed conditionally to sell its G.R15.PU permit in the Sicily Channel offshore Italy to an unnamed Australian company.

Offshore staff

CALGARY, Alberta --Stratic Energy has agreed conditionally to sell its G.R15.PU permit in the Sicily Channel offshore Italy to an unnamed Australian company.

The consideration amounts to $1 million in cash, subject to working capital adjustments and approval by the relevant government authorities.

Recently, Stratic relinquished another permit in this area, and also sold its interests offshore Tunisia.

01/09/2008

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