CALGARY, ALBERTA--(Marketwired - Feb 19, 2015) - Strategic Oil & Gas Ltd. ("Strategic", or the "Company") (TSX VENTURE:SOG) announces that, in response to the recent downturn in commodity prices, the Company has made several changes to its cost structure and capital spending programs to preserve financial flexibility and enhance profitability: The [...]
CALGARY, ALBERTA--(Marketwired - Nov 18, 2014) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) reports financial and operating results for the three and nine months ended September 30, 2014. Detailed results are presented in Strategic's interim condensed consolidated financial statements and related Management's [...]
Strategic is pleased to announce that its previously announced private placement financing has been oversubscribed. The Company closed the financing for aggregate gross proceeds of $73.4 million, an over subscription of $3.4 million. At the second and final tranche closing, Strategic issued 17,391,892 common shares in the Company, comprised of [...]
CALGARY, ALBERTA--(Marketwired - Oct 7, 2014) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) announces record production levels driven by the Company's summer Muskeg horizontal drilling program. Based on field estimates, Strategic's corporate production rate averaged 4,510 Boe/d (71% oil) for the fourth week of [...]
Strategic is pleased to announce that it has closed the first tranche of its previously announced financing for total gross proceeds of $65.8 million. At closing, Strategic issued 163,926,091 common shares in the Company, comprised of 158,085,000 Common Shares and 5,841,091 Common Shares issued on a flow-through basis pursuant to the Income Tax [...]
Strategic Oil & Gas is pleased to announce that it has increased the maximum size of its previously announced non-brokered private placement to gross proceeds of $70 million. The Private Placement is now comprised of a combination of common shares and flow-through common shares to be issued on a flow-through basis in respect of Canadian exploration [...]
Strategic Oil & Gas has undertaken a non-brokered private placement of up to 125 million common shares at a price of $0.40 per common share for gross proceeds of up to $50.0 million, subject to regulatory approvals. A significant portion of the Private Placement will be acquired by insiders, including Bay Partners Resource Funds, Tom Claugus, other [...]
CALGARY, ALBERTA--(Marketwired - Sep 15, 2014) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) announces that two recently completed Muskeg wells produced at a combined rate of 1,587 boe/d (83% oil). Strategic is also pleased to announce the addition of Mr. Michael Graham as an independent member to the Company's board [...]
CALGARY, ALBERTA--(Marketwired - Sep 2, 2014) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) announces an acceleration to its Muskeg development program and the completion of a U.S. $10 million loan from Bay Resources Partner's Funds and Tom Claugus. Strategic has drilled four Muskeg wells during the third quarter and [...]
Achieves 40% Increase in Reserves Value Achieves $41/boe Operating Netback at Marlowe CALGARY, ALBERTA--(Marketwired - Aug 14, 2014) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) reports an updated independent reserves report dated July 1, 2014, showing significant growth in reserves volumes and value in the [...]
First Muskeg Well Post Spring Break-up Produces 545 boe/d Drilling Costs Reduced by 25% CALGARY, ALBERTA--(Marketwired - Jul 28, 2014) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) today announced its first horizontal Muskeg well post spring break-up. The Muskeg well 11-24 produced at an average test rate of 545 [...]
CALGARY, ALBERTA--(Marketwired - Jun 17, 2014) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) is pleased to provide the following operations update. MUSKEG STACK UPDATE The Company's latest Muskeg Stack well (10-24) was drilled in March 2014 with 1,438 metres of horizontal section and a 15 stage completion program [...]
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