GOLDEN, COLORADO and VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 4, 2012) - The directors and management of Strata-X Energy Ltd ("Strata-X" or the "Company") (TSX VENTURE:SXE) are pleased to provide the following update on the Company's high potential Maverick Oil Project located in the Eagle Ford Fairway, Maverick County, Texas. Strata-X elected to convert certain land option rights it was holding into full exploration leases covering a total of 8,846 net acres. The Company has obtained 100% of these leases.