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), have spudded its first CSG pilot well named Venus-1 on 1 November 2020. Roma, Queensland based Silver City Drilling will drill the well to the top Walloon coals at about 400 metres, case, then drill out to a total depth of approximately 680 metres. On reaching total depth, a wellhead will be installed and the Silver City drilling rig will be demobilized. Shortly after the Silver City drill rig is demobilized, a Wellpro coil tubing unit will be mobilised and carry out a short-term initial water influx test. After this, the gas saturated Juandah coal seams (prognosis indicates a total of 26 metres of gassy coals) will be abrasive jetted. Abrasive jetting is a non-frack coil tubing-deployed reservoir stimulation method, designed to improve water influx and ultimately gas flows from the targeted gassy coals. To compare the before and after stimulation results, a second 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. The results of the production pilot test will also be used to either expand the pilot or, if commercial flow rates are achieved, commence an aggressive appraisal program designed to certify sufficient reserves for the Project Venus JV to secure gas sales agreements, allowing commercial field development.