With locations in Texas, Louisiana, and Illinois, Strategic American’s team of geologists and engineers have helped the young company evolve into a notable oil and natural gas and exploration company. Today, Strategic American took a step towards prominence with the announcement they have entered into a partnership to expedite the drilling of their 3D seismic prospect in Kenedy County in South Texas.
Strategic American entered this partnership with the Chinn Exploration Company. Chinn Exploration is a fully licensed and bonded Texas oil and gas operator. The partnership is subject to approval by the project leaseholder. Preparations for drilling of the first test have already begun as a result of this new partnership.
Jeremy Driver leads the team at Strategic American, serving as the company’s President and CEO. Commenting on what this partnership will mean to the future of Strategic American, Driver was quoted as saying, “With our new partners we are looking forward to commencing our first test well into what we believe is a very attractive 3D seismic prospect. The sheer size of the structures and the multiple plays identified makes this prospect very worthwhile.”
Currently, Strategic American is trading in the $0.21 range. To learn more about the Strategic American Oil Corporation, visit the company website at: www.StrategicAmericanOil.com.
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