Operator · Duvernay Shale
Strategic Oil & Gas Ltd.
37 articles mentioning Strategic Oil & Gas Ltd. · Page 2 of 2
Strategic Oil and Gas Drills First of 6 Muskeg HZ 2014 Wells
The Company intends to drill a total of 5 to 6 horizontal Muskeg wells as a part of its 2014 capital program.
Strategic Devotes CapEx to Muskeg, Steen River; Details 2013 Results
Production increased by 55 percent from 2,106 Boed (89 percent oil and NGL) in 2012 to an average of 3,270 Boed.
Strategic O&G Plans 13 Wells for 2014
The drill out program indicated that the original completion operation was effective in stimulating the formation and that this would not be required on future locations. Strategic's Board of Directors has approved a capital spending budget...
Strategic O&G Adds Two New VPs to Company
Strategic is pleased to welcome both executives into their new roles as the Corporation continues to implement its growth strategy.
Strategic O&G Initiates $42MM Equity Financing
The net proceeds from the Public Offering and the Private Placement will initially be used to pay down bank indebtedness and then to fund the Corporation's increase in the 2013 drilling program.
Strategic Fracs Oily Muskeg HZ Wells; Touts Increased Flow Rates
Strategic successfully drilled and fracture stimulated two Muskeg Stack horizontal wells with lateral length of approximately 1,500 meters.
Strategic Confirms Muskeg Reserve Growth, Oil Resource Potential
Prospective resources were determined using four-wells-per-section spacing over an area of 15,716 net acres along the north and west portions of the Steen Astrobleme.
Strategic Ups Light Oil Production by 71%
The Company grew production despite operational difficulties and downtime associated with ongoing facility upgrades.
Strategic O&G Shuffles Management Team
Strategic Oil & Gas Ltd. has reported that the following changes were made to its board of directors as a result of last week's annual meeting.
Strategic's Light Oil Production Lifted to 2,106 BOE/d
The Corporation achieved record production and funds from operations in 2012 as a result of strong drilling results, and continues to establish itself as an efficient light oil producer in northern Canada.
Strategic Details Board Resignation, Appointment
Strategic Oil & Gas Ltd. has reported that Brian Lavergne has resigned from the board of directors.
Strategic Adds Director to Board
"We are delighted to welcome Jim Riddell in his new capacity to Strategic," said Gurpreet Sawhney.
Strategic O&G Enters into $15MM Private Placement
Net proceeds of the Private Placement will be used in part to fund the company's recent Steen River acquisition.
Strategic O&G Expands Duvernay Holdings; Talks Reserves
Proved reserves increased 25 percent to 4.0 MMBoe (85% oil) from 3.2 MMBoe at year-end 2011.
Strategic O&G Appoints New CFO, VP of Operations
Strategic Oil & Gas details its latest executive appointments, including Chief Financial Officer and Vice President of Operations.
Strategic O&G Talks CapEx; Eyes Light Oil Targets
The 2013 capital budget includes drilling 20 gross (18.8 net) wells, 18 gross (18 net) of which will be at Steen River targeting proven light oil producing horizons.
Strategic Oil & Gas Adds to Board of Directors
Strategic Oil & Gas Ltd. has reported that Brian Lavergne, of Calgary, Alberta has joined the board of Strategic. Gurpreet Sawhney, CEO of the Company, said "We are delighted to have someone with Brian's back ground...