Operational Updates
Strategic O&G Ramps Up Production 91% in Q3
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Strategic Oil & Gas Ltd. has filed its unaudited interim financial statements and related Management's Discussion and Analysis (MD&A) for the quarter ended September 30, 2012.
Accomplishments:• Production was 1,930 boe/d which is a 111% increase from the third quarter of 2011 despite service interruptions associated with forest fires, restrictions on Pembina''s Peace Pipeline and a plant turnaround. Disruptions in service equated to approximately seventeen (17) days of downtime.
•Oil and natural gas liquid production increased 191% to 1,734 boe/d, compared to 595 boe/d in the third quarter of 2011.
•Oil and natural gas liquids production was 90% of total production in the third quarter of 2012 compared to 65% in the comparable period of 2011.
•Third quarter combined oil and natural gas…
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