BRIEF-Strategic Oil & Gas posts Q1 loss per share $0.01

Tue May 17, 2016 6:20am EDT
 
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May 17 (Reuters) - Strategic Oil And Gas Ltd

* Strategic Oil & Gas Ltd announces first quarter 2016 financial and operating results and new board member

* Qtrly loss per share $0.01

* Strategic Oil and Gas Ltd qtrly average daily production decreased 40 pct to 1,968 boe/d from 3,267 boe/d for Q1 of 2015

* Strategic had $26.5 million in working capital at March 31, 2016 which will fund ongoing operating,capital activities in near term

* Says is in planning stages for next phase of development at Marlowe, with capital spending program of about $15-20 million in second half of 2016 Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)