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Strategic
American Oil Corporation (OTCBB: SGCA)
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*ALERT* NEWS UPDATE *ALERT*
Last week we were pleased to
introduce Strategic American Oil Corp. and many of you took a strong interest.
SGCA issued important news updates and we wanted to make sure you were
up to speed. Take a look!
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Strategic American Oil Adds
3D Seismic Expert
to Geological Team
CORPUS CHRISTI, Texas,
Dec. 7, 2009 (GLOBE NEWSWIRE) -- Strategic American Oil Corporation (OTCBB:SGCA
- News) (the "Company") is pleased to announce it has added Geologist,
Mr. John E. De Leon, to its technical team. Mr. De Leon's responsibilities
will include oil and gas prospect generation, 3-D seismic data interpretation,
and establishing and developing working interest partner relationships
for prospect development. Mr. De Leon received his B.S. is Geology from
Texas A&M in 1985. View the entire release HERE
Strategic American Oil Corporation
Completes Placement of Workig Interest in South Texas Koliba Prospect SGCA's
First In-House Drilling Prospect Scheduled for Early 2010
CORPUS CHRISTI, Texas,
Dec. 3, 2009 (GLOBE NEWSWIRE) -- Strategic American Oil Corporation (OTCBB:SGCA
- News) (the "Company") is pleased to announce it has completed the
placement of all available working interest in the Company's Victoria Co.,
Texas "Koliba" prospect and plans to commence drilling operations in the
early part of 2010. The Company, through its wholly owned subsidiary, Penasco
Petroleum, Inc., will retain a 25% carried interest to casing point. The
combined leased acreage (Koliba-Linville) gives the Company a total of
143 acres covering a known anticlinal structure (target) with offsetting
production. View the entire release HERE |
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About Strategic American Oil Corporation |
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Strategic American Oil (OTCBB: SGCA) is an exploration and production company with operations in Texas, Oklahoma,
Louisiana and Illinois. The company draws on the experience of an
internationally recognized team of geologists, engineers, and executives
with extensive oil and gas exploration and production experience combined
with corporate and financial expertise. SGCA has developed
and implemented a multi-tier growth program:
- Develop salable drilling prospects in-house retaining
a carried interest to casing point
- Drilling of offset wells retaining a majority
of the working interest
- Develop secondary recovery (waterflood) projects
- Increase production by re-working existing producing
or previously producing wells
- Develop proven undeveloped zones (behind pipe)
in existing wells.
- Acquire currently producing oil and gas wells
- Complete in-house 3D seismic projects and acquire
3D data where warranted/available
The Company's objective is to find and acquire oil and gas projects
of merit and develop those projects to their full potential.
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Projects and Prospects |
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Strategic American Oil has
identified and acquired working interests in several projects in Texas,
Illinois, and Louisiana and further projects have been identified. The
company is currently developing working relationships with well-established
oil & gas companies and firmly believes this will reduce its risk and
exploration costs, and increase the company’s exposure to new projects,
bringing a unique advantage to the company and its shareholders. |
Check out our full
profile on SGCA to learn about all of its projects
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Other Recent *NEWS*
from SGCA |
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Strategic American Oil Corporation
Closes $1.05 Million Financing - November
17, 2009
President
and CEO, Randall Reneau stated, "With now over $3.5 million raised over
the past month, the company is in a position to fully execute its business
plan and further develop its oil and gas properties. With the increase
in the price of oil over the past six months and this cash in hand, we
are excited about the future of Strategic American Oil Corporation." Read
the entire news release HERE
Strategic American Oil Corporation
Acquires Oil and Gas Exploration and Production Records for South Texas - November
10, 2009
Strategic American Oil Corporation
Acquires Previously Producing Wells in Louisiana - October
28, 2009
Strategic American Oil Corporation
Closes $2.5 Million Financing - October
16, 2009
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Financial
Highlights |
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Symbol: SGCA
Exchange: OTCBB
Recent Price: $0.43
52wk Range: 0.15 - 0.70
Shares Outstanding: 48,264,135 (as
of Nov. 20, 2009)
Market Cap: $20.8M (as of
Dec. 07, 2009)
Average 50-day Volume: 155,700 (as
of Dec. 07, 2009)
View SGCA's Filings with the SEC at this LINK
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Company
Contacts |
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Corporate Headquarters:
Suite 2015-600 Leopard Street
Corpus Christi, Texas 78473
Telephone: (361) 884-7474
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