Strata-X Energy Limited is an independent oil and gas exploration company. Through its subsidiaries, the Company's business activities are directed primarily toward the acquisition, exploration and development of oil and gas properties in the states of California and Illinois within the United States and in Western Australia, Australia. The Company's segments include Canada, United States and Australia. It has a diversified portfolio of potential petroleum projects. The Company holds rights to over 800 leases in the United States. Its subsidiaries include Strata-X, Inc. and Strata-X Australia Pty Ltd. Strata-X, Inc. holds Illinois Basin Oil Project and Eagle Oil Project. Strata-X Australia Pty Ltd. holds Canning Project. The Company holds approximately 20,618 net acres in the Illinois Basin. The Company holds a permit to explore approximately 1.4 million acres in the Canning Basin in northwest Australia.