Strategic American Oil Corp. Completes Placement Of Working Interest In South Texas Koliba Prospect

Strategic American Oil Corporation (OTCBB: SGCA; the “Company”) is pleased to announce it has completed the placement of all available working interest in the Company’s Victoria Co., Texas “Koliba” prospect and plans to commence drilling operations in the early part of 2010. The Company, through its wholly owned subsidiary, Penasco Petroleum, Inc., will retain [...]