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From: Dale Baker	3/13/2007 9:22:38 AM
	of 86721

Stratic announces two new gas discoveries in the Black Sea, Turkey Tue Mar 13, 7:45 AM http://ca.news.finance.yahoo.com/s/13032007/30/link-finance-news-stratic-announces-new-gas-discoveri... CALGARY, March 13 /CNW/ - Stratic Energy Corporation and its joint venture partners TPAO (the Turkish national oil company) and Toreador Resources Corporation today announced two further gas discoveries in the South Akcakoca Sub-Basin in the Black Sea, offshore Turkey. The Guluc-1 exploration well, which was drilled using the "Atwood Southern Cross" semi-submersible was drilled on a separate structure (named Guluc) on the same geological trend as the existing Akcakoca and Akcakoca East discoveries recently announced. The Guluc-1 well discovery well encountered gas-bearing sands in six zones between 1,226 and 1,453 meters true vertical depth in the same Eocene-age Kusuri formation as in the other wells in the South Akcakoca Sub-Basin. The well was tested and flowed approximately 17 million cubic feet of gas per day through a 48/64-inch choke at a flowing pressure of approximately 1,180 psi from approximately 37 meters of perforations across all six zones. The Alapli-1 exploration well, which was drilled by TPAO using the "Prometheus" jack-up rig, was located on a separate structure to the north- east of the Akkaya field, which is currently under development. The Alapli-1 discovery well encountered gas-bearing sands in three zones between 1,068 and 1,242 meters true vertical depth. The two lower zones, with approximately 12 meters of net pay, tested at a flow rate of 6.8 million cubic feet of gas per day with a flowing pressure of approximately 1,064 psi on a 32/64-inch choke. Another zone from 1,239 to 1,242 meters true vertical depth will also be tested within the next few days. The Atwood Southern Cross rig has now completed its initial three well program in the South Akcakoca Sub-Basin and will be released to work for another operator offshore Bulgaria. The "Prometheus" jack-up rig will drill a well for TPAO in another permit area before coming back to the South Akcakoca Sub-Basin to set the Ayazli tripod and topsides in late April. Good progress continues to be made towards first gas production from the area. The topsides for the Akkaya production tripod have been set and secured. The next steps involve tying in the three Akkaya wells to the production manifold and from there to the offshore pipeline system. Once this work is complete, estimated by the operator to take approximately two weeks, the wells will be ready to be put on production. The topsides for the Dogu Ayazli tripod are on location, waiting for seas to moderate before attempting to lift the structure onto the tripod. The operator estimates that approximately two weeks will be required to tie in the two Dogu Ayazli wells and the offshore pipeline once the topsides are secured. Stratic's President & Chief Executive, Kevin Watts commented "The results from the three-well Atwood Southern Cross drilling program have been encouraging in proving up gas reserves in the slightly deeper water area of the South Akcakoca Sub-Basin. We look forward to working with our partners over the coming months to determine the optimum development scheme for this new area of the basin. The results so far from the Alapli well, which is close to the Akkaya field, are in line with our expectations and we await with interest the results of the second flow test over the next few days." Further information on Stratic and its operations can be found on the company's website at www.straticenergy.com. The TSX Venture Exchange has neither approved nor disapproved the contents of this news release. Contacts Kevin Watts President & Chief Executive +44 20 7016 6421 Roger Fullerton Manager Investor Relations (952) 929-7243 Website: www.straticenergy.com Email: stratic@straticenergy.com

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