Strategic American Oil Corporation Commences Trading



    CORPUS CHRISTI, Texas, May 15 /CNW/ -- Strategic American Oil Corporation
(OTC Bulletin Board:   SGCA) (the "Company"), an exploration and production
company focusing on developing oil and gas resources in the United States, is
pleased to announce that the Company's common shares recently commenced
trading on the FINRA Over-The-Counter Bulletin Board.

    The Company currently produces oil and gas from wells in Texas and
Louisiana, and with an experienced team that includes technical expertise in
oil and gas operations, business management and financing, the Company
believes that it is in a position to find and acquire additional projects of
merit and develop these projects to their full potential.  The Company aims to
achieve vertical growth through the drilling of high quality prospects
combined with the continued acquisition of proven producing properties.

    "The commencement of trading on the capital markets in the United States
is a key milestone for Strategic American Oil," states Randall Reneau,
President and CEO.  "As a public company we are able to access the capital
necessary to fund our business plan of lease acquisitions and exploration and
developmental drilling.  The Company has previously demonstrated a realistic
ability to leverage limited resources into acquisitions which have the
potential of increasing the Company's current property reserve base.  We are
proud of the fact that the Company has generated revenue from its operations
in South Texas and Louisiana early in its first full fiscal year while
minimizing debt."
    

    The Company
    
    The Company believes it has built an excellent foundation upon which to
pursue ongoing growth, specifically:
    

    Management
    
    The Company draws on the experience and expertise of its team of
geologists, engineers, and executives.  Led by President and CEO, Randall
Reneau, who most recently was the co-founder, Principle Geologist, Chief
Exploration Officer and the initial driving force who developed the uranium
property portfolio for Uranium Energy Corp.  Mr. Reneau is a certified
geologist with over 35 years of oil and gas and resources exploration and
development experience.

    Vice-President of Operations, Steven Carter, is a registered professional
engineer with 25 years of management and engineering experience in oil and gas
exploration, production operations, reservoir management and drilling.  Mr.
Carter served as Operations Manager and Operations Engineer for T-C Oil
Company, from 1990 to June 2003, where he managed significant production,
supervised drilling, provided economic evaluations and designed project
workovers, as well as performing numerous other engineering services.  In July
2003, Mr. Carter started Carter E&P, LLC, an independent oil and gas company,
where he has worked from 2003 to the present.

    Senior Landman and director, Leonard Garcia, has over 30 years experience
in oil and gas title research, lease negotiations and acquisitions, contracts,
exploration and production.  Mr. Garcia worked under contract for various
companies, including Uranium Energy Corp., Harkins & Co., Sun Oil Company,
Oryx Energy Co., Texaco, Monsanto Exploration and Production Company, and
Trans Texas Energy, Kerr McGee Oil and Gas Corp. and Mestena Operating, Ltd.

    Chief Geologist, Jim Thomas, came to the Company with extensive Illinois
Basin exploration and production experience.  In addition to working as a
petroleum geologist in the Basin, he also obtained both his B.S. ('68) and
M.S. ('73) degrees (Geology) from Southern Illinois University.  Mr. Thomas
has significant additional exploration and production experience in South
Texas.  Previously, Mr. Thomas worked with several exploration and production
companies, including Everest Exploration and Atlantic Richfield.
    

    Production
    
    The Company has been able to further its lease acquisition program in key
oil producing areas while minimizing share dilution by utilizing production
revenue from its operations in Texas and Louisiana.
    

    Property Profile
    
    The Company now holds over 14,000 gross acres of developed and
undeveloped leases in Texas, Louisiana, Oklahoma and Illinois.  We now have
approximately 2,000 net acres of undeveloped leases in the Illinois Basin. 
The Company's Illinois leases are nearly all 87.5% net return interest with up
to seven potential zones to approximately 4000 feet in depth.  These are two
very attractive reasons why we see the oil fields of Illinois as an
opportunity for low risk/low cost production with strong returns.
    

    Vision
    
    While the past few months have been difficult in all sectors, including
the oil and gas sector, we are optimistic about an upward trending for oil
prices for 2009 and strongly believe that the United States has a strong
future in the development of its own oil and gas resources.  We see the
Company playing an important part in that development.
    

    Acquisition Targets
    
    The Company has identified several high value targets for acquisition
with significant potential for oil and gas production.  We will move to
acquire these prospects in the coming months.

    Mr. Reneau continues, "These examples listed above are just some of the
areas the Company is striving to pursue.  The United States has significant
oil and gas reserves waiting to be brought to the market place, and with our
focus and the execution of our business plan, we aim to be at the forefront of
that endeavor."
    

    About Strategic American Oil Corporation
    
    Strategic American Oil Corporation (SGCA) is an oil and gas exploration,
acquisition, and production company focusing on developing oil resources in
the United States.


    
    For further information please contact:
    Suite 2015, 600 Leopard Street
    Corpus Christi, Texas,  78473
    Phone: (800) 643-5815

    Safe Harbor Statements
    
    Except for the statements of historical fact contained herein, the
information presented in this news release constitutes "forward-looking
statements" as such term is used in applicable United States and Canadian
laws. These statements relate to analyses and other information that are based
on forecasts of future results, estimates of amounts not yet determinable and
assumptions of management.  Any statements that express or involve discussions
with respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance (often, but not
always, using words or phrases such as "expects" or "does not expect", "is
expected", "anticipates" or "does not anticipate", "plans, "estimates" or
"intends", or stating that certain actions, events or results "may", "could",
"would", "might" or "will" be taken, occur or be achieved) are not statements
of historical fact and should be viewed as "forward-looking statements". Such
forward looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements
of the Company to be materially different from any future results, performance
or achievements expressed or implied by such forward-looking statements. Such
risks and other factors include, among others, the actual results of
exploration activities, variations in the underlying assumptions associated
with the estimation or realization of oil or gas resources, the availability
of capital to fund programs and the resulting dilution caused by the raising
of capital through the sale of shares, accidents, labour disputes and other
risks of the oil and gas industry including, without limitation, those
associated with the environment, delays in obtaining governmental approvals,
permits or financing or in the completion of development or construction
activities, title disputes or claims limitations on insurance coverage. 
Although the Company has attempted to identify important factors that could
cause actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or intended. 
There can be no assurance that such statements will prove to be accurate as
actual results and future events could differ materially from those
anticipated in such statements.  Accordingly, readers should not place undue
reliance on forward-looking statements contained in this news release and in
any document referred to in this news release.

    Forward looking statements are made based on management's beliefs,
estimates and opinions on the date the statements are made and the Company
undertakes no obligation to update forward-looking statements if these
beliefs, estimates and opinions or other circumstances should change, except
as required by applicable law.  Such forward-looking statements reflect our
current views with respect to future events and are subject to certain risks,
uncertainties and assumptions, including, the risks and uncertainties outlined
in our most recent financial statements and reports and registration statement
filed with the United States Securities and Exchange Commission (the "SEC")
(available at www.sec.gov).  Such risks and uncertainties may include, but are
not limited to, the risks and uncertainties set forth in the Company's filings
with the SEC, such as the ability to obtain additional financing, the effect
of economic and business conditions, the ability to attract and retain skilled
personnel and factors outside the control of the Company.  These
forward-looking statements are made as of the date of this news release, and
the Company assumes no obligation to update the forward-looking statements or
to update the reasons why actual results could differ from those projected in
the forward-looking statements.  Although the Company believes that the
beliefs, plans, expectations and intentions contained in this news release are
reasonable, there can be no assurance those beliefs, plans, expectations or
intentions will prove to be accurate.  Investors should consider all of the
information set forth herein and should also refer to the risk factors
disclosed in the Company's periodic reports filed from time-to-time with the
SEC.

    This news release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of securities in
any jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
jurisdiction.
    




    




For further information:

For further information: Strategic American Oil Corporation,
1-800-643-5815 Web Site: http://www.strategicamericanoil.com

Organization Profile

STRATEGIC AMERICAN OIL CORPORATION

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