Revenue from oil and gas properties was $82,933 for the three months ended October 31, 2009, compared to $135,427 in the prior period. Operating expenses incurred during the three months ended October 31, 2009, were $1,081,112 compared to $495,549 in the prior period. Consulting fees decreased to $133,985 during the three months ended October 31, 2009, from $171,392 during the same period ended October 31, 2008, due primarily to corporate development in the prior period relating to the listing process which completed in August, 2008. Depreciation and depletion increased to $16,050 during the three months ended October 31, 2009, from $9,927 during the same period ended October 31, 2008. Direct operating costs were $52,469 during the three months ended October 31, 2009, compared to $87,160 during the same period ended October 31, 2008.
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Sign Up for our Free Stock NewsletterAbout Strategic American Oil Corporation
Strategic American Oil Corporation is an exploration and production company with operations in Texas, Louisiana, and Illinois. The company draws on an internationally recognized team of geologists, engineers, and executives with extensive oil and gas exploration and production experience. The Company's objective is to find and acquire oil and gas projects of merit and develop those projects to their full potential.
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