Here are two quick summaries of her comments. GLTA
- Strategic Oil & Gas Ltd. (SOG TSX-V) Last price paid $1.20
Strategic Oil & Gas Ltd. is focused on developing its Steen River project, located in the Northern part of Alberta. Strategic has control of 350,000 acres of contiguous land at Steen River. Management believes that a large part of Steen River contains prolific multiple zone of reservoirs that will provide multiple strategic development options for the company in the future. Strategic is one of the fastest growing junior oil companies among its peers. With continued success in delineating Steen River, we expect growth to continue and production to double in 2013. In addition to strong growth, Strategic's margins are among the best of its peers.
| 2013-01-25 || TOP PICK || Alice Tsang || |
Light oil play in northern Alberta. Grown by leaps and bounds over the last 2 years. Grew production from 300 barrels to 2000 barrels. When they got into the play, they found the wells were very, very prolific. Internal rate of return on some of the wells was between 80% and 200% so they locked up all the lands that they could as well as the infrastructure and now own about 350,000 acres. Expect they will be able to double production and do very well over the long-term.
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