The directors and management of Strata-X Energy Ltd. announced that Strata-X and Real Energy, operator of Project Venus located within the Surat Basin Walloon CSG fairway (the JV), has reached a total depth of 715 metres. Very good gas shows were recorded in the uppermost 3 to 5 metre thick coal seams with fair to good gas shows in the deeper thinner coal seams. Current operations are conducting wireline logging. Over the weekend, the Juandah coals will be underreamed before running a liner. A wellhead will then be installed and the Silver City Drilling rig will be demobilized. The results of the well will be integrated into a coil tubing-deployed reservoir stimulation program designed to improve water influx and, ultimately, gas flows from the targeted gassy coals. To compare the before and after stimulation results, a pre- and post-stimulation short-term controlled water influx test will be carried out. The post-stimulation water influx rate and other data are needed to design optimum production equipment and methods for Venus-1 as required to carry out a controlled drawdown production pilot flow test over several months. The Venus-1 production pilot test is designed to prove initial gas breakout and increasing gas flows over the controlled draw down period as required to model and predict future gas flow rates and potentially commercial gas flow rates.