Strategic American Oil Corp. (SGCA) Positioned to Move Prospects to Drilling Stage
Strategic American Oil Corp. is a growth stage oil and natural gas exploration and production company with operations in Texas, Louisiana and Illinois. The company leverages 3D seismic data to locate and produce oil and natural gas in new and underexplored areas, and recently announced it has completed leasing the Oakdale NE (Northeast) Prospect in the Illinois Basin. The company evaluated geologic and trend information to assess the well’s control and performance potential; in light of satisfying results, the company is now developing its internal engineering report in an effort to set-up drilling plans on the Oakdale NE acreage. "The…