(Source: PrimeNewswire)
LAS VEGAS, Aug. 3, 2009 (GLOBE NEWSWIRE) -- An after market release Friday by Strategic American Oil Corporation (OTCBB:SGCA) speaks to the important addition of a fourth 3D seismic survey which greatly enhances the company's ability to explore one of the larger producing oil and gas trends in Texas. It may seem a pretty technical press release to the average investor, but to put it in borderline layman terms, if SGCA believes that oil 'treasure' may await them in this historically producing Texas soil, it just got another piece of the treasure map.
A profile featuring Strategic American Oil Corporation (OTCBB:SGCA) and of interest to investors of oil and gas related companies BP plc (NYSE:BP), Chevron Corporation (NYSE:CVX), Exxon Mobil Corp. (NYSE:XOM), and ConocoPhillips (NYSE:COP) is available at http://www.smallcapsentinel.com/sgca2
The addition of this 3D survey improves Strategic American's efforts in the prolific South Texas, Frio Sand trend, an area that has been one of the larger producing oil and gas trends in Texas. The importance of utilizing the most modern and sophisticated 3D seismic surveys to enhance SGCA's chances of discovering and developing economic oil and gas wells cannot be underestimated. Moreover, successes in Texas would add to the company's proven developed producing reserves and increase daily production.
Strategic American Oil Corporation is an exploration and production company with operations in Texas, Oklahoma, Louisiana, and Illinois. The company draws on an internationally recognized team of geologists, engineers, and executives with extensive oil and gas exploration and production experience. Its objective is to find and acquire oil and gas projects of merit and develop those projects to their full potential.
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Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results. Integrity Media Inc. (IMI). IMI provides no assurance as to the subject company's plans or ability to effect proposed actions and cannot project capabilities, intent, resources, or experience. The subject companies haven't always approved the statements made in this report. This report is neither a solicitation to buy nor offer to sell securities and is for information purposes only and shouldn't be used as basis for investment decisions. IMI isn't an investment advisor, analyst or licensed broker dealer and this report isn't investment advice. IMI has been compensated $5,000 and 42,857 shares of SGCA for this publication and other advertising services by Strategic American Oil and Gas (SGCA). Paid reports constitute a conflict of interest as to IMI's ability to remain objective in communication regarding subject companies.
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