2009-08-19-2007-12-01-2007-12-01

Farm-in to Guercif Beni Znassen reconnaissance license with 50% each of farmors on 3,893 sq. km. in the Guercif area. Sphere to pay 100% costs of 3-year exploration program.

Stratic Energy Corp., Calgary, (Toronto Venture, London AIM: SE) has converted a portion of its Guercif Beni Znassen reconnaissance license in northeastern Morocco into two exploration permits and agreed to farmout half of its 40% working interest to Sphere Investments QSC, London. The two new exploration permits will cover a total of 3,893 square kilometers in the Guercif area. Stratic and operator TransAtlantic Petroleum Corp. will each farmout 50% of their respective interests to Sphere and in exchange Sphere will pay 100% of the costs of an initial three-year exploration program on the new Guercif permits and will contribute to costs on the license to date. The national oil company of Morocco, Office National des Hydrocarbures et des Mines, is carried for 25% of the costs during this exploration phase but pays its share of costs in the development phase. Stratic's net interest in the permit after the farm-out, but before ONHYM's back-in rights, will be 20%. Stratic chief operating officer Mark Bilsland says, "This deal gives us the opportunity to continue to explore in the Guercif area at no cost to Stratic for the next three years, leaving us with a meaningful stake in the exploration upside in the two permits."