Sept 22 (Reuters) - Strad Energy Services Ltd SDY.TO :
* Responds to announcement of Total energy's intention to make an unsolicited
offer for Strad
* Says "no formal offer has yet been presented to Strad or its shareholders"
* Says "Total Energy has significantly overstated the size of the premium it
says it intends to offer"
* Says "no certainty that an offer will be made or that a transaction will take
place"
* Raymond james is acting as financial advisor to Strad and burnet, duckworth &
palmer llp is acting as legal advisor to Strad
* Source text for Eikon ID:nCCN1tp7rQ
* Further company coverage SDY.TO