Strategic Oil & Gas Ltd.

Strategic Oil & Gas Ltd. is pleased to announce that William Lancaster will be joining the Company as President and Chief Executive Officer effective October 17, 2019. Mr. Lancaster is currently the President and a member of the Board of Directors of GMT Exploration LLC. The Chairman of the Board of Directors of Strategic is a significant [...]

Strategic Oil & Gas announces that a cease trade order has been issued to the Company by the Alberta Securities Commission on May 6, 2019 for failure to file annual audited financial statements for the year ended December 31, 2018, including the related management's discussion and analysis and CEO and CFO certifications. The Annual Filings were [...]

Strategic Oil & Gas Ltd. announces that Mr. Rodger Hawkins and Mr. Michael Watsky have resigned from the Company's Board of Directors. Strategic wishes to thank Mr. Hawkins and Mr. Watsky for their years of service to the Company and wishes them well in future endeavors. The Company has six members remaining on its Board of Directors. Trading in [...]

Strategic Oil & Gas Ltd. and its wholly owned subsidiary, Strategic Transmission Ltd. announces that it has obtained creditor protection under the Companies' Creditors Arrangement Act pursuant to an Order granted by the Court of Queen's Bench of Alberta dated April 10, 2019. As a result of the Company's working capital deficit, limited cash flows [...]

Strategic Oil & Gas Ltd. provides an update to the Company's financing arrangements. In November 2018, the Company announced a non-binding letter of intent to provide up to $30 million of capital to Strategic by way of: a first tranche of $15 million in 1.5 year first lien secured notes bearing interest at 12% per annum and payable quarterly; and a [...]

Strategic Oil & Gas Ltd. announces its oil and gas reserves as of December 31, 2018. CAPITAL PROGRAM UPDATE Strategic in the process of executing its capital program for the first quarter of 2019, which is focused on meeting current asset retirement obligations and conducting a three-dimensional seismic program on the west side of the Marlowe oil [...]

Strategic Oil & Gas Ltd. announces that the Company has received the written resolution of over 96% of the holders of the Company's 8.0% convertible notes to affect certain amendments to the trust indenture governing the Notes. In particular the Noteholders have approved, by way of an extraordinary written resolution under the Trust Indenture [...]

Strategic Oil & Gas Ltd. is pleased to report financial and operating results for the three and nine months ended September 30, 2018. Detailed results and additional information are presented in Strategic's interim condensed consolidated financial statements and related Management's Discussion and Analysis which will be available through the [...]

Strategic Oil & Gas Ltd. announces further to its press release dated August 29, 2018 regarding its strategic alternatives process, the Company and certain investment funds managed by GMT Capital Corp. , have entered into a letter of intent whereby the GMT Funds have agreed, on a non-binding basis and subject to execution of definitive agreements [...]

Strategic Oil & Gas Ltd. has closed the previously announced non-brokered private placement of 8% convertible notes . In total $4.1 million in New Notes were issued. The New Notes bear interest at 8% per annum, payable semi-annually, mature on the same date as the existing convertible notes and are convertible into common shares of the Company at a [...]