CALGARY, ALBERTA--(Marketwire - Feb. 24, 2012) - Strategic Oil & Gas Ltd. (TSX VENTURE:SOG) ("Strategic" or the "Company") announced that it has issued 2,335,000 stock options to directors, officers and employees, of which 1,975,000 will go to insiders. Each option entitles the holder to acquire one common share of the Company for a period of five years at a price of $.90 per share. These options were issued in accordance with the Company's incentive stock option plan.
About Strategic
Strategic is a junior oil and gas company committed to growth by exploiting its light oil assets in Maxhamish, northeast British Columbia and Steen River and Amber in northwest Alberta. Strategic's highly regarded subsurface technical team is primarily focused on implementing development plans for its light oil properties, while continuing to review other high impact light oil resource plays. Strategic's common shares trade on the TSX Venture Exchange under the symbol "SOG".
Further information with respect to the Company can be found on its website at www.sogoil.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
Arn Schoch
CEO & Chairman
403.767.2950 or 403.870.1245 (cell)
Strategic Oil & Gas Ltd.
Gurpreet Sawhney, MBA, MSc, P.Eng
President
403.767.2949
Strategic Oil & Gas Ltd.
1800, 510 5th Street SW
Calgary, AB T2P 3S2
Toll Free:- 855.525.2900
403.767.9122 (FAX)