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Strategic Oil and Gas Ltd SOGFF

Energy Oil & Gas E&P
Strategic Oil & Gas Ltd is engaged in exploration and development of petroleum and natural gas reserves. The major area of focus is in Western Canada and the Western United States. The company has interests in Marlowe area and operates gas plants and oil batteries. The firm also engages in operating and maintaining roads.


GREY:SOGFF - Post by User

Strategic Oil and Gas Ltd
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Post by bullbleepon Sep 17, 2014 10:49pm
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Post# 22946639

.....please help me...

.....please help me...I'm trying to believe, but none of this seems to make sense. Here we have a co with no market following, 360M shares outstanding trading at 40 cents, and just needed a bail-out from its major shareholder for $10M of debt, proclaiming "We will drill 23 wells in 2015, a capex of $50 to $75 million above our cash flow". Huh ? Does that mean we need to issue 100 or 200M new shares to finance this ? And yes, all that information would be very relevant....I'm trying to believe here....but a realistic go-forward game plan would help.  
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