CORPUS CHRISTI, Texas, Oct. 19, 2010 (GLOBE NEWSWIRE) -- Strategic American Oil Corporation (OTCBB:SGCA) (the "Company") is pleased to announce that it has identified a new Pinnacle Reef oil drilling target (the P4 Reef Prospect) in the Illinois Basin. The prospect target is located at depths between 2,000 and 2,500 feet. The Company plans to lease approximately 500-600 acres over the identified prospect and drill to evaluate the prospective subsurface geology. This prospect was identified in the Illinois Basin through the research of records from the Illinois State Geological Survey.
Strategic American Oil Corporation Identifies New Drilling Target In Illinois
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