March 5 (Reuters) - Strata-X Energy Ltd SXE.V :
* EXECUTED HEADS OF AGREEMENT WITH BOTSGAS FOR STAGED FARM-OUT PROGRAM DESIGNED TO DE-RISK SEROWE CSG PROJECT
* IF ALL STAGES ARE PROGRESSED, BOTSGAS TO FUND ALL ESTIMATED COSTS TO DRILL, COMPLETE, TEST UP TO 19 WELLS SUBJECT TO COST OVERRUNS
* IF ALL STAGES FOR 19 WELLSARE COMPLETED & TESTED, BOTSGAS WILL EARN UP TO 49% STAKE IN STRATA-X'S TENEMENTS IN BOTSWANA