Stratic Energy Terminates "Al Tayr" Drilling Contract
Source: www.gulfoilandgas.com 1/29/2009, Location: Middle East
Stratic Energy Corporation announces that the drilling company contracted to drill Al Tayr - 101 well on Block 17 in Syria has advised that it is not able to meet the timetable set out in the drilling contract.
As a result, the contract has been terminated and alternate drilling rig arrangements later in 2009 are being sought.
Stratic has a 35.00% and operated interest in Block 17.
