Strategic American Oil Corp. (SGCA) Moves to Acquire Large Producing Oil and Gas Asset with Serious Potential in Texas
Strategic American Oil, www.strategicamericanoil.com – the talent-rich exploration/production firm focused on current working interests in Texas, Illinois and Louisiana, reported execution of a $9.9M purchase and sale agreement today whereby SGCA will acquire a producing, private oil and gas company located in Galveston Bay, Texas. CEO of SGCA, Jeremy G. Driver, spoke of the great future benefit to shareholders this acquisition entails and the extent to which the move solidifies the Company’s asset footprint. Driver emphasized the unique capabilities that the Company brings to bear on such an acquisition, from in-house 3D seismic data capture and analysis to the world…