Strategic American Oil Corp. (SGCA) Reserves Report Confirms Company’s Strategy
The stated strategy of Strategic American Oil, a growth stage oil and gas exploration and production company, is to avoid risking money on new exploration when the current and anticipated price of oil and gas supports the much safer approach of going after known reserves. Another important part of the company’s strategy is to avoid the risks and costs of foreign sites, by going after the large number of domestic oil and gas opportunities where the infrastructure and ease of access provide additional long term benefits. In the case of Strategic, the company seeks accretive acquisitions of production, reserves, or…