Sale of Italian Business - Ministerial Decree


 

TIDMSE. 
 
RNS Number : 6468H 
Stratic Energy Corporation 
25 February 2010 
 
 
 
                                  NEWS RELEASE 
 
         Sale of Italian Business - Receipt of First Ministerial Decree 
 
 
CALGARY and LONDON, February 25, 2010 - Stratic Energy Corporation (TSX Venture: 
'SE', AIM 'SE.') ("Stratic" or the "Company") announces that it has received 
approval from Italy's Ministry of Economic Development under Ministerial Decree 
dated February 22, 2010 for the first leg of its previously announced 
transaction to sell its Italian business to Enel Trade Spa ("Enel"). This leg of 
the transaction involved reorganising Stratic's Italian business into a single 
Italian company in preparation for the final stage of the transaction, which 
involves the sale of a subsidiary of that company to Enel. The final stage of 
the transaction, which is subject to further approval by Italy's Ministry of 
Economic Development, is now underway and expected to complete around the end of 
March 2010. 
 
Kevin Watts, Stratic's Chief Executive, commented: "This is an important 
milestone in the regulatory approval process for the transaction, which remains 
on track for completion around the end of the first quarter". 
TSX-V notification 
 
The TSX Venture Exchange has not reviewed and does not accept responsibility for 
the adequacy or accuracy of the contents of this release. 
 
Stratic's Chief Operating Officer, Dr Mark Bilsland BSc (geology), PhD 
(petroleum petrophysics), and member of the SPE, is the qualified person who has 
reviewed and approved the technical information in this announcement for the 
purposes of the AIM Rules for Companies (incorporating the Guidance Note for 
Mining, Oil and Gas Companies). 
 
 
For further information contact: 
 
Kevin Watts, President and Chief Executive Officer                        +44 20 
7766 7900 
 
John van der Welle, Chief Financial Officer 
+44 20 7766 7900 
 
Patrick d'Ancona, M: Communications 
+44 20 7153 1547 
 
Canadian Investor Relations 
Roger Fullerton 
                +1 952 929 7243 
Email: roger.fullerton@straticenergy.com 
 
Website: www.straticenergy.com 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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