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CALGARY, Alberta, Nov. 16, 2018 (GLOBE NEWSWIRE) — Strategic Oil & Gas Ltd. (“Strategic” or the “Company”) (TSXV: SOG) is pleased to report financial and operating results for the three and nine months ended September 30, 2018. Detailed results and additional information are presented in Strategic’s interim condensed consolidated financial statements and related Management’s Discussion and Analysis (“MD&A”) which will be available through the Company’s website at www.sogoil.com and on SEDAR at www.sedar.com . FINANCIAL AND OPERATIONAL SUMMARY Three months ended September 30 Nine months ended September 30 Financial ($thousands, except per share amounts) 2018 2017 % change 2018 2017 % change Oil and natural gas sales 8,605 8,271 4 29,325 27,471 7 Funds from (used in) operations (1) (809 ) (333 ) 143 794 5,043 (84) Per share basic (1) (2) (0.02 ) (0.01 ) 100 0.02 0.11 (82) Cash provided by operating activities 963 2,149 (55) 2,707 4,029 (33) Per share basic (2) 0.02 0.05 (60) 0.06 0.09 (33) Net loss (21,482 ) (36,779 ) (42) (33,045 ) (48,237 ) (31) Per share basic (2) (0.46 ) (0.79 ) (42) (0.71 ) (1.05 ) (32) Net capital expenditures 2,506 13,991 (82) 12,481 44,840 (72) Working capital (deficiency) […]
