Strategic American Oil Corporation (OTCBB: SGCA)
Written by John Pentony on June 26, 2009
Why SGCA?
• World-class geologists, petroleum engineers and land managers
• Astute business model minimizing cash outflow & multiplying growth
• Low political risk with all U.S. projects…Google earth visibility
• Already a producer with reserve and land bank
• Trading (OTCBB: SGCA)
MINIMIZING CASH RISK and MULTIPLYING GROWTH
• SGCA is an exploration and production oil and gas company
• SGCA business model is to sell drilling projects on a promoted 1/3 for ¼ basis retaining a carried 25% to casing point in initial wells
• SGCA retains 25% working interest and recoups the majority of land, geologic and geophysical costs
• Each well is evaluated and taken on its own merits which means different working and revenue interests based on the unique situation
• Modern enhanced oil recovery methods used in aged proven wells
SGCA States of Operation Locations
Texas
• Over 1 billion barrels of oil and gas produced per year in state
• State annually produces over 100,000,000 barrels oil annually
Illinois
• Inexpensive leases and shallow pay zones
• SGCA Senior Geologist has over 30 years experience in Illinois
Oklahoma
• Horizontal drill zones with prolific oil and gas structures
SGCA Exploration – Production Areas
- Holt Lease – Louisiana
- Strahan Lease – Louisiana
- Dixon Lease – Louisiana
- Welder Lease – Texas
- Janssen Lease – Texas
- Markum City – Illinois
- NE Oakdale and DST prospects – Illinois
SGCA Multi-Tiered Growth Plan
Production
- Increasing production through acquisition of existing production, drilling new wells and reworking of existing wells
- Louisiana properties adjacent to Denbury Resources $50mm Holt-Delhi acquisition & Clayton Williams deep (17,500’) gas play
Project Acquisition
• Oil And gas well acquisition
• Experienced team reviewing new deals regularly
Exploration
• Land public and private records
• Exploration and development of shut-in wells and blue sky projects
• Finance and/or operate major exploration and development joint ventures
Enhanced Oil Recovery (EOR)
• SGCA planning Enhanced Oil Recovery (EOR) methods in the Illinois Basin
• EOR can increase the amount of oil that can be extracted from an oil field
• This improved extraction is achieved by gas injection, chemical injection, or thermal recovery
• Gas injection is the most commonly used EOR technique. Carbon dioxide (CO2),natural gas, or nitrogen is injected into the reservoir
• Reservoir expands, more oil dissolves and goes to wellbore (lowering viscosity and raising flow rate)
• Using EOR, 30-60 %, or more, of the reservoir’s original oil can be extracted compared with 20-40% using primary and secondary recovery
SGCA 2009 Operating Plan
• Build critical mass through production while furthering ambitious exploration program
• Build shareholder value through efficient project acquisition and development, and bringing oil to market
• Begin aggressive drilling & 3D seismic campaign to establish reserves
• Strengthen cash flow and improve asset base
SGCA Technical Team
Randall Reneau – President, CEO, & Director
• 30 Years Experience as Geologist (domestic and foreign)
• President Reneau Exploration & Development, drilled and operated oil wells in Texas and Oklahoma
• Previous Chief Exploration Officer and Director of Uranium Energy Corp.
Steven Carter – Vice President of Operations
• World Class Petroleum Engineer
• Negotiated Potential 1,000,000 Barrel Oil Field Lease
• Capable of Introducing Substantial Projects to Company
• Reworks Projects to Significantly Increase Production
Jim Thomas – Chief Geologist
• Exploration Geologist With Intricate Knowledge of Illinois Basin
• History of Successfully Identifying Oil Drilling Projects
Leonard Garcia – Land Manager
• Has worked for Kerr McGee, Sun Oil and Oryx Energy, among others
• Capable of Introducing Substantial Projects to Company
• Expert at leasing, title search, farm-ins and farm-outs, and contracts
SGCA Officers and Directors
Randall Reneau – President, CEO, and Director
- Mr. Reneau has been a director of the Company since April 17, 2006, and he has served as President, Chief Executive Officer and Principal Executive Officer since August 5, 2007.
- Is a certified professional geologist and holds licenses to practice geology in the states of Texas , Washington, and Alaska .
- He has more than 35 years combined mineral and oil and gas experience both domestic and foreign.
- Served as President of Reneau Exploration and Development Company, Inc. (“REDCO”) from 1980 to 1988.
- REDCO drilled and operated wells in Stephens County, Oklahoma and Navarro, Milam, Wilson and Guadalupe Counties in Texas .
- 1988 to 1990, employed as a senior consulting geologist with Western Mining Corporation’s Canadian subsidiary, Westminer Canada .
- Role at Westminer Canada included mineral exploration in West Africa.
- 1990 to 1999, served as Principal Geologist for Reneau and Associates, a Geo-Environmental firm.
- 1997 to December 2003, served as senior consulting geologist for AZCO Mining, Inc., managing exploration projects in Mali , West Africa and Sonora , Mexico .
- December 2003 to December 2004, Chief Geologist for Oromex Resources in Durango , Mexico .
- Chief Exploration Officer and a director of Uranium Energy Corp., a uranium exploration company publicly traded on the American Stock Exchange, from January 2005 to July 2007.
- B.A. in Geology from Central Washington University and an M.S. in Environmental Engineering from Kennedy-Western University.
- Currently resides in Austin , Texas.
John Lindsay – Secretary, CFO, and Director
- Johnathan Lindsay has been the Secretary of Strategic American Oil Corporation since its inception (formerly Gulf States Energy, Inc.), where he was responsible for organizing initial financing.
- April of 2007, became the Company’s Chief Financial Officer and a Director.
- Corporate Secretary for Uranium Energy Corp., listed on the American Stock Exchange, from 2003 to 2006 where he helped the company go public.
- Has Public Company work experience dating back to 1997 when he worked with National Media, a North American public sector marketing firm where he developed relationships with key personnel in the resource and finance sectors.
- Studied marketing and business management from 1998-99 at the British Columbia Institute of Technology.
Leonard Garcia – Director
- Mr. Garcia has been a director since April 17, 2006 and has served as the company’s Land Manager from February 2006 to the present date.
- Served as the company’s prior President and Chief Executive Officer from April 17, 2006 until August 5, 2007. From August 2004 to the present date also served as the Land Manager for Uranium Energy Corp., a uranium exploration company that has been publicly traded on the American Stock Exchange since September 2007.
- Is an Independent Petroleum Landman with over thirty years experience in oil and gas title research, lease negotiations and acquisitions, contracts, exploration and production.
- Prior to 2004, worked under contract for various companies, including Harkins & Co., Sun Oil Company, Oryx Energy Co., Texaco, Monsanto Exploration and Production Company, and Trans Texas Energy, Kerr McGee Oil and Gas Corp. and Mestena Operating, Ltd..
- Corporate experience includes serving as Chief Executive Officer of Texas corporations with annual sales in excess of eighteen million dollars
- Attended the University of Texas-Austin, The University of Texas-Pan American and Texas A&MUniversity-Kingsville.
- Currently resides in Austin, Texas.
Alan Lindsay – Director
- Alan Lindsay has extensive experience and expertise in the mining and bio-technology sectors.
- From 2003 to the present, Chairman of Uranium Energy Corp, an American Stock Exchange listed company.
- Also Chairman of MIV Therapeutics Inc, a publicly-listed biomedical company named as having one of the top 100 top nanotechnologies in the world by Fortune 500 magazine. MIV was awarded in 2005 and 2008 the prestigious Frost & Sullivan Award for Technology Innovation in the Field of Medical Coating.
- Established numerous contacts in the financial sector in both North America and Europe and has time and again shown his ability to raise significant funds for companies public and private.
- Founder of AZCO Mining and served as Chairman, President and CEO of AZCO from 1992 to 2000. The company was listed on the Toronto and American Stock Exchanges. During his tenure at AZCO, the Company sold the Sanchez copper deposit to Phelps Dodge for $55 million CAD and established a joint venture with Phelps Dodge on the Piedres Verdes copper deposit with 2.1 billion pounds of copper reserves.
- He co-founded Anatolia Minerals Development and New Oroperu Resources, two publicly-traded companies with significant gold discoveries.
SGCA Corporate Information
Head Office: Suite 2015, 600 Leopard Street, Corpus Christi, Texas, 78473
Auditors: Dale Matheson Carr-Hilton LaBonte
Engineer: Carter E&P, LLC
Web Site: www.strategicamericanoil.com
Phone: (800) 643-5815
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