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
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts