"Waterflood" is an oil extraction method where water is pumped into an injection well displacing the reservoir formation and forcing the oil into a recovery well. This method is used to recover additional oil in place following primary production methods.

Strategic American Oil has identified and began leasing waterflood projects which offer the Company potential low risk long-term production project in a proven waterflood areas. The Company is currently evaluating and performing feasibility analysis on this target.  Meanwhile, SGCA is also designing a pilot waterflood operation for the initial Waterflood Project, which, if proven, would be expanded into commercial operations.

The Illinois Basin is a mature oil producing environment with a production history covering over 100 years. This development history has generated a large database including records for more than 180,000 wells. SGCA is working to grow its reserves and accessing and analyzing these historic records minimizes cost while identifying exploration and historical production targets to meet that growth. To date the Company has leased over 2000 acres in Illinois through utilizing these records. Finding and leasing this waterflood project demonstrates the value of these historic records and the Company's expertise in managing those records.
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