Calgary, Alberta--(Newsfile Corp. - January 23, 2020) - Strategic Oil & Gas Ltd. (TSXV: SOG) ("Strategic" or the "Company") announces that following discussions with GMT Capital Corp ("GMT"), manager of certain investment funds which hold $14.6 million of the Company's outstanding first-lien secured notes, GMT has delivered a Notice of Intention to Enforce Security under Section 244 of the Bankruptcy and Insolvency Act (Canada) whereby GMT sets forth its intention to enforce its security for repayment of the notes. In connection therewith, the Company has consented to the appointment of a rec...
Calgary, Alberta--(Newsfile Corp. - October 3, 2019) - Strategic Oil & Gas Ltd. (TSXV: SOG) ("Strategic" or the "Company") is pleased to announce that William Lancaster will be joining the Company as President and Chief Executive Officer effective October 17, 2019.Mr. Lancaster is currently the President and a member of the Board of Directors of GMT Exploration LLC ("GMT Exploration"), a private oil company based in Colorado. The Chairman of the Board of Directors of Strategic is a significant shareholder and member of the Board of Directors of GMT Exploration. The Company also announces that...
Calgary, Alberta--(Newsfile Corp. - May 7, 2019) - Strategic Oil & Gas Ltd. (TSXV: SOG) ("Strategic" or the "Company") announces that a cease trade order has been issued to the Company by the Alberta Securities Commission on May 6, 2019 for failure to file annual audited financial statements for the year ended December 31, 2018, including the related management's discussion and analysis and CEO and CFO certifications (collectively the "Annual Filings"). The Annual Filings were required to be filed by April 30, 2019. As a result, the Company's securities have been halted from trading on the NE...
Calgary, Alberta--(Newsfile Corp. - April 15, 2019) - Strategic Oil & Gas Ltd. (TSXV: SOG) ("Strategic" or the "Company") announces that Mr. Rodger Hawkins and Mr. Michael Watsky have resigned from the Company's Board of Directors. Strategic wishes to thank Mr. Hawkins and Mr. Watsky for their years of service to the Company and wishes them well in future endeavors. The Company has six members remaining on its Board of Directors. Trading in the common shares of the Company on the TSX Venture Exchange ("TSXV") have been halted as a result of the announcement by the Company on April 10 that it h...
Calgary, Alberta--(Newsfile Corp. - April 10, 2019) - Strategic Oil & Gas Ltd. and its wholly owned subsidiary, Strategic Transmission Ltd. (TSXV: SOG) (collectively, "Strategic" or the "Company") announces that it has obtained creditor protection under the Companies' Creditors Arrangement Act ("CCAA") pursuant to an Order granted by the Court of Queen's Bench of Alberta (the "Court") dated April 10, 2019. As a result of the Company's working capital deficit, limited cash flows from operating activities and current inability to access capital markets, and after careful consideration of all ot...
Calgary, Alberta--(Newsfile Corp. - March 7, 2019) - Strategic Oil & Gas Ltd. (TSXV: SOG) ("Strategic" or the "Company") provides an update to the Company's financing arrangements. In November 2018, the Company announced a non-binding letter of intent to provide up to $30 million of capital to Strategic by way of: (i) a first tranche of $15 million in 1.5 year first lien secured notes bearing interest at 12% per annum and payable quarterly; and (ii) a second $15 million tranche of notes (for a total of $30 million) on the same terms as the first tranche (the second tranche being callable by t...
Calgary, Alberta--(Newsfile Corp. - February 27, 2019) - Strategic Oil & Gas Ltd. (TSXV: SOG) ("Strategic" or the "Company") announces its oil and gas reserves as of December 31, 2018. CAPITAL PROGRAM UPDATEStrategic in the process of executing its capital program for the first quarter of 2019, which is focused on meeting current asset retirement obligations and conducting a three-dimensional seismic program on the west side of the Marlowe oil property. A significant portion of the funding for the program was provided by the first tranche of the first lien notes financing completed in Novembe...
Two Directors at Strategic Oil & Gas Ltd bought 302,280 shares at 1.750USD. The significance rating of the trade was 50/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two...
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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