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BRIEF-Strategic Oil & Gas reports Q1 net loss per share of $0.10

May 16 Strategic Oil And Gas Ltd

* Strategic Oil & Gas Ltd. tests five New Muskeg wells and announces first quarter 2017 financial and operating results

* Qtrly net loss per share $0.10

* Strategic Oil and Gas Ltd qtrly average daily production increased 15% from Q1 of 2016

* Qtrly funds from operations per share basic $0.05

* Strategic Oil and Gas Ltd - company intends to commence a $24 million Q3 capital program which includes drilling up to five additional horizontal wells

* Strategic Oil and Gas Ltd- qtrly funds from operations increased significantly to $2.4 million, from funds used in operations of $2.2 million for Q1 of 2016

* Strategic Oil and Gas-expects costs operating and G&A expenses to continue to drop on per boe basis as production levels rise,increasing co's netbacks

* Strategic Oil and Gas- has cash resources to continue drilling along Muskeg development corridor at West Marlowe as part of execution of growth strategy in H2 2017 Source text for Eikon: Further company coverage:

我们的标准: 汤森路透“信任原则

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