May 14, 2010 - 4:05 PM EDT
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Strategic Oil & Gas Ltd.

reported a net loss for the first quarter of $661,490 or $0.01 per share, compared to a net loss of $782,412 of $0.03 per share for the year-ago quarter. The loss in the latest quarter arose from the stock-based compensation expense of $726,964 as a result of the issuance of stock options in the quarter. Funds from operations for the first quarter were $66,793, compared to negative funds from operations of $206,870 in the prior-year quarter. Revenues for the quarter increased 167% to $1.69 million from $633,129 a year ago. Strategic Oil & Gas Ltd.

Source: ACCESSWIRE (May 14, 2010 - 4:05 PM EDT)

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