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Company News

BRIEF-Strategic Oil & Gas Q2 basic loss per share $0.15

Aug 16 (Reuters) - Strategic Oil And Gas Ltd

* Strategic Oil & Gas Ltd announces second quarter 2017 financial results and provides operations update

* Qtrly funds from operations per share basic $0.06

* Qtrly basic loss per share $0.15

* Qtrly oil and natural gas sales $10.3 million versus about $6 million

* Qtrly average daily production 2,661 boe per day versus 1,829 boe per day

* Says corporate production volumes for Q3 of 2017 are estimated to be 2,400 boe/d

* Says for full year 2017, reduced estimated capital spending for Q3 from $24 million to $16 million

* Qtrly operating netbacks increased to $17.98/boe Source text for Eikon: Further company coverage:

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