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Strategic Oil & Gas Ltd. Discloses December 31, 2010 Reserves
Mar. 16, 2011 09:36AM PST
Oil and Gas Investing
Strategic Oil & Gas Ltd. (CVE:SOG) reports a four fold increase in reserves and a three-fold increase in corporate reserves value.
Strategic Oil & Gas Ltd. (TSXV:SOG) reports a four fold increase in reserves and a three-fold increase in corporate reserves value.
The press release is quoted as saying:
Two major activities in 2010 impacted positively on the Company’s reserves namely Corporate acquisition of Steen River Oil & Gas Ltd. (“Steen River”) for $14 MM. The Steen River acquisition added 1958.7 MB of Total Proven (TP) reserves and 3483.9 MBOE of Total Proven Plus Probable (TP+P) reserves.