Strategic Oil & Gas Ltd



July 09, 2012 18:46 ET

Strategic Oil & Gas Ltd. Refiles Annual MD&A



CALGARY, ALBERTA--(Marketwire - July 9, 2012) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) announce that it has today refiled its annual MD&A for the year ending December 31, 2011.

The amended MD&A explains in more detail the Company's $12.3 million impairment for the year 2011. $10 million of this loss related to the Company's Maxhamish CGU, $2.3 million impairment has been recognized collectively on the Taber, Conrad, Bistcho and Larne CGUs. No impairment loss was recognized on the Corporation's largest CGU, Steen River.