SuperC Long Term Plays

[SuperC]

SGCA.14 PRO_TRADERS <SpotLight>>

http://stockcharts.com/h-sc/ui?s=SGCA&p=D&yr=0&mn=3&dy=0&id=p81601781816

10Day Alert:

SGCA.085 371kvs54k_vol10dayavg

http://ih.advfn.com/p.php?pid=nmona&article=48153530

http://ih.advfn.com/p.php?pid=nmona&article=48146523

http://ih.advfn.com/p.php?pid=nmona&article=47888021

Definitely worth a read.... I've thought of management here as 'top notch' due to their prior experience.. This is one of the major reasons among others why I presented this as a Spotlight Pick.
DD this, I see quite a bit in this filing that I find appealing now. I wouldn't call below .09c a steal, but I'm looking down the road into next year for sure.

This also looks like a great bottom play from here!

Strategic American Oil Reports Third Quarter 2011 Financial Results
Date : 06/21/2011 @ 9:30AM
Source : GlobeNewswire Inc.
Stock : Strategic American Oil (SGCA)
Quote : 0.085 0.005 (6.25%) @ 4:10PM

Strategic American Oil Reports Third Quarter 2011 Financial Results
Strategic Amer Oil (OTCBB:SGCA)
Historical Stock Chart

1 Month : June 2011 to July 2011

Strategic American Oil Corp. (OTCBB:SGCA) today announced results for the third quarter of 2011.

Revenue and Production

Revenue for the third quarter totaled $1.26 million as compared with $0.12 million for the third quarter of 2010. Production volumes in the third quarter were 12.3 MBbls of oil and 13.8 MMcf of natural gas, or 14.5 MBoe. This compares with 1.6 MBbls of oil and 3.5 MMcf of natural gas, or 2.2 MBoe for the third quarter of 2010. In the third quarter of 2011, the average sales price per barrel of oil was $98.03 and $4.03 per MMBtu for natural gas, as compared with $66.67 per barrel and $4.99 per MMBtu, respectively for the third quarter of 2010. The primary reason behind the increase in revenue is the additional production from the newly acquired Galveston Bay Energy, LLC ("GBE"). Oil prices increased 47% and gas prices decreased 19% from 2010 levels. During 2011, oil accounted for 84% of the production volumes and 95% of the revenue.

Costs and Expenses

Total lease operating expense for the third quarter totaled $0.65 million versus $0.11 million for the third quarter of 2010. The $0.55 million increase reflects the newly acquired assets of GBE. Cash G&A expense totaled $0.61 million for the third quarter of 2011 versus $1.09 million for the third quarter of 2010. The $0.48 million decrease reflects a continued focus on cost controls while still growing production.

Earnings

Net loss totaled $8.5 million for the third quarter of 2011 and $2.4 million for the third quarter of 2010. Net loss per share, both basic and fully diluted, for the quarter was $0.05, based on 162.6 million weighted average shares outstanding as compared with a loss of $0.05 per share in the third quarter of 2010 with 49.5 million weighted average shares outstanding. The increased outstanding common shares are associated with the private placement of common stock completed to fund the acquisition of GBE.

Liquidity and Capital Plans

Liquidity

As of the end of the quarter, we had $4.7 million in available cash, which included $0.55 million in cash on hand and $4.2 million in available credit from our $5 million bank line. The revolving bank line is partially drawn at $0.86 million with a maturity of March of 2012. We also had $6.7 million in restricted cash as collateral for P&A bonds.

2011 Operational Update

During the remainder of 2011, we anticipate continuing our plan to increase Galveston Bay production through well workovers, recompletions, and infrastructure improvements. Additionally, we expect to begin our first waterflood in Illinois in the coming weeks, recompletion of Welder No. 5 in late summer, and drilling plans have already commenced to exploit 3-D seismic targets in Galveston Bay. Total capital anticipated for remainder of calendar 2011 on currently-owned properties will be approximately $2 million.

Jeremy G. Driver, President and Chief Executive Officer stated, "Since completing our recent acquisition we are now in a better financial position and anticipate implementing our aggressive growth strategy which will include further acquisitions, increased production from existing fields, new waterflood projects, a more extensive drilling program and a new investor awareness campaign."

Mr. Driver went on to say, "My family and I have made significant investments into Strategic American Oil with a strong belief in the opportunity for continued growth. We are committed to helping the company achieve its objectives and deliver stellar returns for all shareholders."

About Strategic American Oil

Strategic American Oil Corporation (OTCBB:SGCA) is a growth stage oil and natural gas exploration and production company with operations in Texas, Louisiana, and Illinois. The Company's team of geologists, engineers, and executives leverage 3D seismic data and other proven exploration and production technologies to locate and produce oil and natural gas in new and under-explored areas. The Company seeks accretive acquisitions of production, reserves, or other companies that will provide significant growth potential. Further information can be found on the Company's website at www.strategicamericanoil.com.

Prior DD followed as of March 13th 2011....


http://www.strategicamericanoil.com/

http://ir.stockpr.com/strategicamericanoil/

http://www.strategicamericanoil.com/news/index.php?&content_id=128

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60897008

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60896708

Consider SGCA a really good OIL pick below $5 dollars, and definitely below buck.

Where can you find management like this [read below] for .15cents a share?

Calling this a very low risk to the down side, with the potential for a substantial gain later this year.

SGCA.14c
52-Wk Range.105 - 0.44
Just off 52wk low
Share Statistics
Outstanding: 53.4M as of December 14, 2010
Float: 28.2M

GOT OTCBB OIL? SGCA http://money.cnn.com/2011/02/25/markets/100_dollar_oil/index.htm?hpt=T1


http://finance.yahoo.com/news/Strategic-American-Oil-pz-2279295740.html?x=0&.v=1


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59978688&txt2find= style='background-color:yellow;'>sgca

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58909297

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57235694


Alan Gaines has approximately 30 years experience as an energy investment and merchant banker. Presently he serves as Executive Chairman of the Board of Directors, and founder of Dune Energy, Inc. (OTCBB:DUNR - News) and Dune Operating Company (a privately held oil and gas investment company domiciled in the State of Connecticut) since May 2001. Mr. Gaines also served as CEO of Dune Energy from inception through May 2007.

"In 1983, he co-founded Gaines, Berland Inc., a full service investment bank and brokerage, specializing in global energy markets, with particular emphasis given to small to mid capitalization companies involved primarily in the exploration and production of oil and natural gas, as well as midstream (pipelines and transportation) and downstream (refining and marketing). In the three years prior to selling his personal stake in the company, Gaines, Berland acted as lead underwriter and/or participated in the placement of more than $3 billion of equity and debt securities.

http://finance.yahoo.com/news/Strategic-American-Oil-pz-2279295740.html?x=0&.v=1
DUNR.935c
52-Wk Range.0801 - 1.31

Let's see if Mr. Alan Gaines from DUNR can turn this play around. I'm sure there's negativity out there somewhere, but I like what I see going forward not backwards.
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SGCA further DD Nprogress: Between Alan Gaines and Amiel David, I'd say two very hard hitting executives are now at bat for SGCA.

http://www.amrichenergy.com/about-amrich-energy-management.php

http://www.onepetro.org/mslib/servlet/onepetropreview?id=00021136&soc=SPE

http://www.google.com/finance?q=OTC%3ASGCA

53 Years Old
Alan D. Gaines, age 53, has served as Chairman of our Board of Directors since May 2001 and as our Chief Executive Officer from May 2001 to April 17, 2007. From April 2005 until August 2007, Mr. Gaines served as Vice Chairman of Baseline Oil & Gas Corp. (OTC: BOGA.OB), an independent, publicly traded oil and gas company, and from April 2005 until September 2007, he served as Chief Executive Officer of Cross Canyon Energy Corp. (f/k/a ABC Funding, Inc.) (OTC: AFDG.OB), a publicly-traded oil and gas company. Mr. Gaines currently serves on the Board of Directors of Cross Canyon Energy Corp. Mr. Gaines has over 25 years of experience as an energy investment and merchant banker. In 1983, he co-founded Gaines, Berland Inc., an investment bank and brokerage firm, specializing in global energy markets, with particular emphasis given to small to medium capitalization companies involved in exploration and production, pipelines, refining and marketing, and oilfield services. Mr. Gaines holds a B.B.A. in Finance from Baruch College, and an M.B.A. in Finance (with distinction) from Zarb School, Hofstra University School of Graduate Management.

"SGCA News" Strategic American Oil Closes Acquisition of Galveston Bay Energy
http://www.americanbankingnews.com/2011/02/16/strategic-american-oil-closes-acquisition-of-galveston-bay-energy/

CORPUS CHRISTI, Texas, Feb. 16, 2011 (GLOBE NEWSWIRE) — Strategic American Oil Corporation (OTCBB:SGCA) today announced that it closed the purchase of Galveston Bay Energy, LLC (“GBE”) on February 15, 2011. Based upon the cash purchase price of $9.9 million, the imputed cost of proved producing reserves is $0.46 per Mcfe, or $2.75 per barrel of oil equivalent.

For the five months ended Dec. 31, 2010, production averaged 2.3 million cubic feet gas equivalent per day (MMcfepd), or 378 barrels of oil equivalent per day (boepd).

An independent engineering report (utilizing SPE standards) estimated net proved reserves as of October 1, 2010 total 3.6 million barrels of oil equivalent (boe), or 21.9 billion cubic feet of natural gas equivalent (bcfe), of which 27% is represented by proved developed producing and shut-in categories.

The GBE properties are located on the Texas Gulf Coast and consist of five fields encompassing 24,556 gross and 22,950 net acres located in prolific producing areas. GBE operates 100% of its production, and maintains approximately 85% working interest in virtually all of its producing properties.

Jeremy G. Driver, CEO of Strategic American Oil, stated, “This is a seminal event for Strategic American, which provides us a solid financial and operational foundation. Our goal is to grow production and cash flow. This transaction is immediately accreted to cash flow, production, and reserves on a per share basis.” Mr. Driver further stated, “The Company’s 2011 program is weighted towards low risk development and work over projects. Strategic now has a multi-year inventory of diversified projects in a key domestic producing hydrocarbon basin. We are also excited about exploration opportunities with respect to deeper pools not identified in our independent engineering report.”

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SGCA 8k Feb 18nd w/highlights in bold:

ITEM 1.01

ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

We filed a Form 8-K on January 24, 2011 reporting that we had entered into a Purchase & Sale Agreement (the “ Agreement ” ) with ERG Resources LLC (“ERG”) to acquire a private Texas oil and gas company named Galveston Bay Energy, LLC which owns fractional interests in, and operates, producing oil and natural gas properties and related facilities in five fields located in Galveston Bay, Texas. We amended the Agreement to set forth that the closing would occur on February 15, 2011 with us paying the seller $9,700,000 in cash and the balance with a promissory note for $569,055 maturing on March 1, 2011.

On February 15, 2011, we entered into a Consulting Agreement with Geoserve Marketing, LLC, a company controlled by Michael Watts, who is the father-in-law of Jeremy Driver, a Director and our Chief Executive Officer. The Consulting Agreement states that we will compensate Geoserve Marketing, LLC with warrants to purchase 20,000,000 shares of common stock at an exercise price of $0.10 per share expiring February 15, 2016.

Upon the first anniversary of Consulting Agreement, an additional 15,000,000 warrants under the same terms shall be issued and a further 15,000,000 warrants under the same terms will be issued upon the second anniversary of the Consulting Agreement. The Consulting Agreement may be terminated by us.
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This 13 G/A is in regards to Bristol Investment Fund Ltd. Dated 2/14/11

http://ih.advfn.com/p.php?pid=nmona&article=46445130

Quite a slew of investments...

http://www.fatpitch.biz/cgi-bin/f.cgi/psp/extn/lmt_entry/cik.1174866.886.html

http://www.fatpitch.biz/cgi-bin/f.cgi/psp/extn/lmt_entry/cik.1425808.948.html
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http://www.duneenergy.com/bod.html
Alan Gaines salary at DUNR $500k. Now to some that may seem high, but to me? The higher the better because no one in their right mind would hand over that much cash without having prior knowledge of his performance in past. FYI<JMO
http://people.forbes.com/profile/alan-gaines/507

BOGA Interesting: http://www.investorvillage.com/smbd.asp?UseArchive=&v=1&category=G&dValue=-1&rValue=&nmValue=&pmValue=106&nhValue=131&NewCount=&pt=m&mb=4233&SearchFor=&Subject=&DatePostedMin=&DatePostedMax=&RecommendedBy=&AuthoredBy=&MinRecs=&FilterType=

http://www.investorvillage.com/smbd.asp?mb=4233&mn=46&pt=msg&mid=3981204 <very interesting>

http://www.investorvillage.com/smbd.asp?mb=4233&mn=79&pt=msg&mid=5226111
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Interview> 2005 http://www.twst.com/ceos/ABA610.htm

http://people.forbes.com/profile/amiel-david/106378

http://www.pe.utulsa.edu/alumni/monthly_alumni/alumnus_200409.stm
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Posts from SGCA Board: http://investorshub.advfn.com/boards/board.aspx?board_id=15711

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Further updates coming..

SuperC