Three different independent oil producers enter into an agreement to acquire oil and gas leases and equipment located in Russell County, Kansas from Stratex Oil & Gas Holdings, Inc. (OTCPK:STTX) for $0.36 million in May, 2015. oil and gas leases and equipment includes two projects like, The Gorham Project, consisting of oil & gas leases covering 1,218 acres and including seven producing wells and The Trapp Project, consisting of oil & gas leases covering 160 acres and including one producing well. As on June 9, 2015 Stratex Oil & Gas Holdings received $0.285 million for two initial closings and the remaining $0.075 million will be paid to third party vendors. The transaction is expected to close on July 7, 2015.

Two different independent oil producers completed the acquisition of oil and gas leases and equipment located in Russell County, Kansas from Stratex Oil & Gas Holdings, Inc. (OTCPK:STTX) for $0.29 million on June 9, 2015.