The directors and management of Strata-X Energy Ltd. announced that the first CSG pilot well in the ATP 2051P Project Joint Venture drilled to a total depth of 715 metres and has been suspended and the rig is demobilizing. Following a coil tubing enhancement program, the well will be completed as the Joint Venture's first CSG pilot production well. Some excellent gas shows were recorded while drilling with a preliminary interpretation of the wireline logs indicating approximately 25 metres of net gassy coal pay. Following logging, the upper Juandah coals were underreamed, a liner run over the underreamed section and a wellhead installed. 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. A coil tubing unit to carry out this work has been booked for later in November. 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.