Strategic Oil & Gas Reported its 2011 Audited Financial Statements

Strategic Oil & Gas Ltd. (TSXV:SOG) reported its 2011 audited financial statements.

As quoted in the press release:

• Total Drill and Improved Recovery additions of 1.59 million barrels for Total Proved Plus Probable Reserves.

• Conversion of 1.24 million barrels of oil from the probable category to the proven category with an increased oil weighting from 66% to 83% year over year.

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