Reuters logo
8 months ago
BRIEF-Strategic Oil and Gas Ltd says board approved a capital budget of $30 million for first half of 2017
December 9, 2016 / 11:23 AM / 8 months ago

BRIEF-Strategic Oil and Gas Ltd says board approved a capital budget of $30 million for first half of 2017

Dec 9 (Reuters) - Strategic Oil and Gas Ltd

* Strategic Oil and Gas Ltd says board of directors approved a capital budget of $30 million for first half of 2017

* Strategic Oil and Gas Ltd says anticipated production exiting first half of 2017 is 4,000 boe/d

* Strategic Oil and Gas Ltd says 2017 capital budget also includes building road and pipeline to tie-in 14-35 Muskeg well

* Strategic Oil and Gas says undertaken a non-brokered private placement of up to 333 million shares at price of $0.12 per share for proceeds up to $40.0 million Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below