West Don - Commencement of Offshore Construction and Drilling Campaign

CALGARY and LONDON, Aug. 26 /CNW/ - Stratic Energy Corporation (TSX Venture: 'SE', AIM 'SE.') ("Stratic" or the "Company") announces that offshore construction and drilling operations on the Company's West Don field in the UK North Sea have commenced.

The first well of a three well drilling program for the West Don field using the Transocean John Shaw semi-submersible has now commenced. The three wells, two producers and one water injector, will be drilled in sequence with each well expected to take on average approximately 65 days to drill and complete.

In addition to drilling operations, August marked the start of the major multi-phase subsea construction programme with the Apache reel lay vessel having completed the lay of the in-field pipelines and the first phase of the export infrastructure. Trenching of the pipelines is currently underway, and installation of the subsea structures and diving tie-ins is scheduled to start later this month. Work on refurbishment of the floating production vessel, the Northern Producer, remains on schedule and is now approximately 70% complete.

Dr Mark Bilsland, Chief Operating Officer commented: "Good progress continues to be made in the onshore fabrication of the West Don facilities and we are delighted that development drilling operations and offshore construction activities have commenced. This represents a major milestone for Stratic and the West Don field, which remains on target for first oil production by April 1, 2009."

Production from the field will represent the Company's first major oil production from the first field in a sequence of North Sea discoveries to be developed over the coming years. Stratic's interest in the West Don field is 17.25%.

Stratic's results for the second quarter of 2008 will be released on August 28, 2008. Stratic's management will host a webcast to review the results and give an operational update at 10am Eastern Time. Details of how to access the webcast were published on August 21, 2008 and are available on the company's website.

    
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Stratic's Chief Operating Officer, Dr Mark Bilsland BSc (geology), PhD (petroleum petrophysics), and member of the SPE, is the qualified person who has reviewed and approved the technical information in this announcement for the purposes of the AIM Rules for Companies (incorporating the Guidance Note for Mining, Oil and Gas Companies).

Contacts

John van der Welle
Chief Financial Officer
+44 20 77667900

Mark Bilsland
Chief Operating Officer
+44 20 77667900

Patrick d'Ancona
M: Communications
+44 20 7153 1547

Canadian Investor Relations
Roger Fullerton
(952) 929-7243
Email: roger.fullerton@straticenergy.com

Website: www.straticenergy.com