Strategic American Oil Corporation

Strategic American Oil Corporation (OTCBB: SGCA) is a Houston, TX based oil and natural gas exploration and production company with operations in Texas, Louisiana, and Illinois.  The Company's team of geologists, engineers, and executives leverage 3D seismic data and other proven exploration and production technologies to locate and produce oil and natural gas in new and underexplored areas. The Company seeks accretive acquisitions of production, reserves, or other oil and gas companies that will provide significant growth potential.

The Company recently announced the acquisition of Galveston Bay Energy, which is already providing a meaningful increase in oil production and cash.  The recent Engineering Report from Ralph E. Davis Associates, Inc. estimates net proved reserves of 979,000 barrels of oil and 13 Bcf (billion cubic feet) of natural gas which translates to approximately $75.3 million undiscounted or $54.6 million discounted at 10 percent in net Proved Reserves for Strategic American Oil.

The Company aims to continue to lease, drill, and acquire projects at various stages of development to increase revenue and grow its core reserves.  The Company is currently producing oil and gas and has proven reserves in both Texas and Louisiana and has recently made progress on its keystone projects in Texas and Illinois. 

The Company has also leased land positions hosting previously producing wells with the goal of utilizing proven technologies, including Waterflood Recovery, to restart production.  These targets have been identified through the use of various databases, including 3D seismic surveys, the Texas Railroad Commission database, and the Illinois Geological Survey. 

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Share Statistics

Outstanding: 170M as of April 30, 2011
Float: 42M

Company Information

800 Gessner, Suite 200
Houston, TX 77024
Phone (281) 408-4880

Issue Type: Common Stock
Sector: Basic Materials
Industry: Energy

Management Team

Jeremy G. Driver
President, CEO

Steven L. Carter
Vice President of Operations

Sarah Berel-Harrop
CFO

Leonard Garcia
Land Manager, Director

Investor Relations

Investor Awareness, Inc.
Tony Schor or James Foy
847-945-2222
www.investorawareness.com

Transfer Agent

TranShare Corporation
5105 DTC Parkway
Greenwood Village, CO 80111

Auditors

MaloneBailey, LLC

 


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