Strategic Oil & Gas Ltd., Calgary, said a committee of its independent directors has formed “to consider potential strategic alternatives available to the company.”
Strategic Oil & Gas Ltd., Calgary, said a committee of its independent directors has formed “to consider potential strategic alternatives available to the company.”
Strategic’s operations are concentrated in the Marlowe area of northwestern Alberta, where it produced 1,660 b/d of oil and 2.87 MMcfd of gas in the second quarter this year.
The company reported a net loss of $6.399 million in the quarter.