The properties of GBE are located on the Texas Gulf Coast and consist of five fields encompassing 24,556 gross and 22,950 net acres in prolific producing areas.
GBE operates 100% of its production, and maintains about 85% working interest in virtually all of its producing properties.
Strategic American Oil CEO Jeremy Driver said that the company’s 2011 program is weighted towards low risk development and workover projects.
Strategic American Oil is an oil and natural gas exploration and production company with operations in Texas, Louisiana and Illinois.
