Strategic Oil and Gas Ltd (SOG.V) Key Developments | Reuters.com
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Strategic Oil and Gas Ltd (SOG.V)

SOG.V on TSX Venture Exchange

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29 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Strategic Oil & Gas posts Q1 loss per share $0.01
Tuesday, 17 May 2016 06:00am EDT 

Strategic Oil And Gas Ltd : Strategic Oil & Gas Ltd announces first quarter 2016 financial and operating results and new board member . Qtrly loss per share $0.01 . Strategic Oil and Gas Ltd qtrly average daily production decreased 40 pct to 1,968 boe/d from 3,267 boe/d for Q1 of 2015 . Strategic had $26.5 million in working capital at March 31, 2016 which will fund ongoing operating,capital activities in near term .Says is in planning stages for next phase of development at Marlowe, with capital spending program of about $15-20 million in second half of 2016.  Full Article

Strategic Oil and Gas Ltd gives H1 2015 production outlook
Thursday, 2 Apr 2015 05:00am EDT 

Strategic Oil and Gas Ltd:Estimates that production for H1 of 2015 will average 3,000 boed (73 pct oil).About 35 pct of expected oil production for H1 of 2015 is hedged at C$90.15/bbl at WTI, and company's production is unhedged after that date.  Full Article

Strategic Oil & Gas Ltd announces closing of second tranche of $73.4 mln private placement
Thursday, 16 Oct 2014 05:00am EDT 

Strategic Oil & Gas Ltd:Says its previously announced private placement financing has been oversubscribed.Says it closed the financing for aggregate gross proceeds of $73.4 mln, an over subscription of $3.4 mln.Says gross proceeds raised from the sale of the flow-through shares will be used to incur and renounce, effective on or before Dec. 31, Canadian exploration expense in an amount equal to the aggregate purchase price for the Flow-Through Shares bought by each purchaser.Says net aggregate proceeds of the private placement will be used to repay indebtedness and fund its ongoing Muskeg horizontal well drilling program.  Full Article

Strategic Oil & Gas Ltd announces private placement financing to increase to $70 million
Wednesday, 24 Sep 2014 05:30am EDT 

Strategic Oil & Gas Ltd:Says 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 expenses pursuant to the Income Tax Act.The common shares will be offered at a price of $0.40 per Common Share and the Flow-Through Shares will be offered at a price of $0.44 per Flow-Through Share, with maximum gross proceeds of $10.0 million from the Flow-Through Shares.The company anticipates the first tranche closing to occur on or about Sep. 29, 2014.The gross proceeds raised from the Flow-Through Shares will be used by the company to incur and renounce to each purchaser of Flow-Through Shares effective on or before Dec. 31, 2014 CEE in an amount equal to the aggregate purchase price for the Flow-Through Shares bought by such purchaser.  Full Article

Strategic Oil & Gas Ltd raises FY 2014 production guidance
Thursday, 14 Aug 2014 08:30pm EDT 

Strategic Oil & Gas Ltd:Says that it is increasing its FY 2014 exit production guidance from 4,000 Boe/d to 4,600 Boe/d.  Full Article

BRIEF-Strategic Oil & Gas announces second half 2016 capital spending budget

* Board of directors has approved a capital expenditure budget of $21 million for second half of 2016.