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: