Stratex Oil & Gas Holdings, Inc. (OTCPK:STTX) is looking for acquisitions. Stephen Funk, Chief Executive Officer of Stratex said, “We will utilize our collective experience in executing this exact blueprint. We see many opportunities to increase the value of our existing South Texas properties through horizontal drilling in the Eagle Ford Shale, Austin Chalk and Buda formations, developing our medium-heavy San Miguel oil locations, and for continued growth through bolt-on acquisitions and our recently announced merger with Richfield Oil and Gas.”