CORPUS CHRISTI, Texas, Nov. 18, 2010 (GLOBE NEWSWIRE) -- Strategic American Oil Corporation (OTCBB:SGCA) (the "Company") is pleased to announce it has completed the placement of all available working interest in the Company's Victoria Co., Texas "Koliba #3" prospect and plans to commence drilling operations as soon as possible, possibly before year end. The Company will retain a 12.5% working interest. The leased acreage (Koliba) gives the Company a total of 79 acres covering a known anticlinal structure (target) with offsetting production.
Strategic American Oil Corporation Completes Placement Of Working Interest In South Texas Koliba #3 Prospect
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