Strategic Oil & Gas Ltd
TSX VENTURE : SOG

Strategic Oil & Gas Ltd

February 10, 2012 12:50 ET

Strategic Oil & Gas Ltd. Announces Executive Appointments

CALGARY, ALBERTA--(Marketwire - Feb. 10, 2012) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) is pleased to announce the following promotions:

Mr. Kirk Boote, PEng, has been appointed to Executive Vice President, Engineering

Mr. Boote has over 29 years of experience in reservoir engineering and operations both in western Canada and internationally. Mr. Boote has been the Vice-President, Operations, with Strategic since January 2010. He has a track record of working with projects from inception to execution and to on-stream production. Mr. Boote has worked for Amoco Canada, Vermillion Energy and has extensive consulting experience with Husky Energy, Culane Energy, Wave Energy and many others. His principal areas of expertise lie in reservoir modeling, enhanced recovery, chemical flooding, operations, project management and corporate management.

Mr. Boote graduated with a Bachelor of Chemical Engineering from the University of Calgary.

Mr. Jeff Huckle has been appointed to Vice President, Operations

Mr. Jeff Huckle has over 15 years of industry experience in operations both in western Canada and internationally. Mr. Huckle has been Director of Operations with Strategic since December 2010 and Vice-President of Operations of Steen River Oil & Gas Ltd., a wholly owned subsidiary of SOG, and JED Oil Inc., since April 2008. Mr. Huckle's experience includes work in the Powder River Basin of Wyoming, the Williston Basin of North Dakota and Montana, the Western Sedimentary basin in Alberta, Saskatchewan and northern British Columbia, and in Mongolia. Mr. Huckle has served in the management areas of exploration, operations, and as an oilfield consultant.

Mr. Huckle has an Honours Diploma in Mineral Engineering Technology from the Northern Alberta Institute of Technology.

Ms. Shelina Hirji, CMA, has been appointed to Vice President, Finance

Ms. Shelina Hirji has over 28 years of experience in the oil and gas industry both in western Canada and the USA. Ms. Hirji has been the Controller for Strategic since December 2011 and Controller for Steen River Oil & Gas Ltd. since January 2010. Ms. Hirji's work experience includes senior accounting roles in both public and private companies with extensive participation in growth opportunities and the design and implementation of financial systems and reporting controls.

Ms. Hirji has her Certified Management Accountant designation and is an active member of the Society of Management Accountants of Alberta.

Ms. Barbara Joy has been appointed to Vice President, Land

Ms. Barbara Joy has over 13 years of industry experience holding a variety of roles in the Land profession with companies such as Canadian Natural Resources, BP Outsourcing Division of PricewaterhouseCoopers, and Encana. Ms. Joy's experience includes land strategy and execution, purchase and sale transactions, and negotiations of complex deal structures with Canadian and foreign business entities. She has experience with unconventional resource properties and joint venture operations.

Ms. Joy holds a Bachelor of Commerce Degree, with a major in Petroleum Land Management from the University of Calgary and is a member of the Canadian Association of Petroleum Landmen.

About Strategic

Strategic is a well capitalized junior oil and gas company with an unutilized line of credit, committed to growth by exploiting its light oil assets in Maxhamish, northeast BC 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".

Complete financial statements, with accompanying management discussion and analysis are available for review at www.sedar.com. Further information with respect to the Corporation can be found on its website at www.sogoil.com.

FORWARD LOOKING INFORMATION: Certain information set forth in this document, including management's assessment of future plans and operations, contains forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond our control. Those risks include, without limitation, the effect of general economic conditions, risks associated with oil and gas exploration, development, production, marketing and transportation, loss of markets, industry conditions and competition, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other industry participants, the ability to access qualified personnel and oilfield services, decisions by regulators, and the ability to access sufficient capital from internal and external sources. Readers are cautioned not to place undue reliance on the forward-looking statements as the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and actual results, performance or achievements could materially differ from those expressed or implied in such forward-looking statements and accordingly, no assurance can be given that any of the events anticipated by forward looking statements will transpire or occur, or if any of them do so, what benefit Strategic will derive there from. The Company does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.

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

  • Strategic Oil & Gas Ltd.
    Arn Schoch
    CEO & Chairman
    403.767.2950 or Cell: 403.870.1245
    403.767.9122 (FAX)

    Strategic Oil & Gas Ltd.
    Gurpreet Sawhney, MBA, MSc., PEng
    President
    403.767.2949
    403.767.9122 (FAX)

    Strategic Oil & Gas Ltd.
    1800, 510 5th Street SW
    Calgary, AB T2P 3S2
    403.767.9000 or Toll Free: 1.855.525.2900
    403.767.9122 (FAX)