BRIEF-Strategic Oil & Gas announces second half 2016 capital spending budget

Wed Jun 15, 2016 3:42pm EDT
 
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June 15 (Reuters) - Strategic Oil And Gas Ltd :

* Board of directors has approved a capital expenditure budget of $21 million for second half of 2016.

* Current corporate production is approximately 1,800 boe/day with an annual decline rate of 25%

* Expects to exit 2016 with a production rate of 2,800 boe/day

* Strategic Oil & Gas Ltd. announces second half 2016 drilling program & capital spending budget Source text for Eikon: Further company coverage: