CORPUS CHRISTI, Texas, June 30, 2010 (GLOBE NEWSWIRE) -- Strategic American Oil Corporation (OTCBB:SGCA) (the "Company") is pleased to announce it has appointed Jeremy Driver to the Board of Directors of the Company, effective June 29, 2010.
Jeremy Driver joined Strategic American Oil Corporation on December 01, 2009 as President and CEO with a solid background in upstream oil and gas, specifically in Texas and Louisiana. Mr. Driver has brought proven experience, leadership and professional skills to a growing company.
Randall Reneau, Chairman, stated, "Jeremy has shown great leadership skills and has enforced our vision with his hard work, dedication, and strategic planning. During his short tenure to date, the Company has increased production, began drilling its first in-house developed prospect, and expanded its corporate presence throughout America. It is great to have Jeremy further his involvement with Strategic American Oil by joining the Board of Directors.""I am very pleased to be joining the Strategic American Oil Board," said Mr. Driver. "We have had an exciting first six months together and I look forward to building additional shareholder value by increasing production, reserves, and cash flow. That has and will continue to be my goal as Chief Executive Officer, and it will be my goal as a Director." About Strategic American Oil Corporation Strategic American Oil Corporation (OTCBB:SGCA) is an exploration and development company with operations in Texas, 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. The Company's objective is to find and acquire oil and gas projects of merit and develop those projects to their full potential. The Strategic American Oil Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6891 Safe Harbor Statements Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" as such term is used in applicable United States and Canadian laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect," "is expected," "anticipates" or "does not anticipate," "plans," "estimates" or "intends," or stating that certain actions, events or results "may," "could," "would," "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements." Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of exploration activities, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labour disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes or claims limitations on insurance coverage. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release.
CONTACT: Strategic American Oil Corporation Corporate Offices: www.StrategicAmericanOil.com 600 Leopard Street, Suite 2015 Corpus Christi, Texas 78401 Investor Awareness, Inc. Investor Relations: Tony Schor James Foy 847-945-2222 www.InvestorAwareness.com