Strategic Oil & Gas Discovers Light Oil at Steen River

Strategic Oil & Gas Ltd. (TSXV:SOG) has discovered light oil at Steen River.

As quoted in the press release:

An exploratory vertical well drilled at Steen River has resulted in a new light oil discovery. The discovery well was tested over a four day period. The well flowed on average 733 barrels of 36 degrees API oil for 7-8 hours each day. Over a 29 hour test the well flowed a total of 3083 boe (2933 bbl of oil and 149 boe of associated gas). This well is scheduled to be on production in early April 2012.

Click here to read the Strategic Oil & Gas Ltd. (TSXV:SOG) press release.