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Stratic Energy Corp (SCRGF/SCRGF.PK) Wrap Up:

Stratic Energy Corporation engages in the appraisal, development, and production of petroleum and natural gas discoveries in the United Kingdom, Italy, Turkey, Syria, and the Netherlands sectors of the North Sea. It owns 17.25% and 19.00% interests in the West Don and Crawford oil fields in the United Kingdom sector of the North Sea (UKCS); 48% interest in the Horizon West oil discovery in the Netherlands sector of the North Sea; the Longanesi gas field in Italy; and additional gas discoveries offshore Turkey. The company also has interests in the Breagh gas, the Cairngorm oil, and the Bowmore condensate discoveries in the UKCS region. As of December 31, 2007, its net proved and probable res...
www.straticenergy.com
Founded in 1997

Stratic Energy Corp (SCRGF:OTC)

Market Cap
48.7M
Total Revenue
11.5M
EBITDA
5.1M
DILUTED EPS TTM
-0.16
P/E
--
P/S
4.2x
Return On Asset
-6.77
Return On Equity
-32.47
K = Thousands  M = Millions  B = Billions

SCRGF Top Compensated Officers

Mr. Kevin Watts
Chief Executive Officer, President and Execut...
Age: 49
Total Annual Compensation: £260.0K
Mr. John van der Welle
Chief Financial Officer and Director
Age: 53
Total Annual Compensation: £95.6K
Mr. Mark Bilsland
Chief Operating Officer and Executive Directo...
Age: 49
Total Annual Compensation: £200.0K
Mr. Charles Nieto
Vice President of Technical
Total Annual Compensation: £120.0K
Mr. Robin Storey
Corporate Secretary and General Counsel
Total Annual Compensation: £122.8K

Executives, Board Directors

Compensation as of Fiscal Year 2008.

Key developments for Stratic Energy Corp (SCRGF)

Stratic Energy Corp. Announces Commencement of Operations on the Al Tayr-101 Exploration Well in Syria

Stratic Energy Corp. announced that it has commenced drilling operations at the Al Tayr-101 well on the Jebel Nasrani prospect located in Block XVII in the Palmyride Basin of south west Syria. The well was spudded with an AMAK rig on 7 October 2009. Stratic has a 35% interest in Block XVII and is operator of the block which covers an area of approximately 5,050 square kilometers. The Al Tayr-101 exploration well is targeting Triassic Kurrachine carbonates, which are the main gas bearing reservoirs in the gas fields to the north of this area. The well is estimated to take 80 days to drill to a total depth of approximately 3,000 meters. The Jebel Nasrani prospect is one of eight prospects that have been identified in Block XVII from a seismic work program that included the acquisition of 1,105 kilometers of new seismic data and the reprocessing of approximately 1,500 kilometers of legacy seismic data.

Stratic Energy Corp. Announces Commencement of Bati Ayazli-1 Exploration Well in the Black Sea, Offshore Turkey

Stratic Energy Corp. announced that operator TPAO, Turkiye Petrolleri Anonim Ortakligi, the Turkish National Oil Company commenced drilling operations on the Bati Ayazli-1 exploration well in the South Akcakoca Sub basin located in the Black Sea, offshore Turkey. The well commenced operations with the Grup Servicii Petroliere `Saturn rig' on October 6, 2009. Stratic has a 12.25% interest in this well. The Bati Ayazli-1 exploration well is located to the west of the currently producing Ayazli gas field. This exploration well is targeting on trend additional potential at the reservoir level seen at the Ayazli field and is also targeting a deeper exploration objective. Operations to total depth are estimated to take approximately 49 days.

Stratic Energy Corp. Reports Earnings Results for the Second Quarter Ended June 30, 2009

Stratic Energy Corp. reported earnings results for the second quarter ended June 30, 2009. For the quarter, the company reported oil and gas sales revenues in the UK and Turkey was $7.0 million against $2.5 million in the same period of last year, with production of 1,372 boepd against 477 boepd in the same period of last year. Net loss was $8.4 million against $6.5 million in the same period of last year. Capital expenditure was $14.4 million mainly on West Don Development against $7.9 million in the same period of last year.

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SCRGF Competitors

Company Last Change
Antrim Energy Inc C$1.22 CAD +0.02
Mart Resources Inc C$0.10 CAD 0.00
Petroceltic International €0.18 EUR +0.005
ROC Oil Company Ltd A$0.68 AUD -0.005
VAALCO Energy Inc $4.19 USD -0.15
Market data is delayed at least 20 minutes.

Industry Analysis

Valuation SCRGF Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 4.2x
Price/Book 0.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful

SCRGF

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SCRGF transactions

Type
Date
Target
Merger/Acquisition
November 5, 2009
Stratic Energy Corporation, Italian Business
Merger/Acquisition
July 22, 2009
Breagh North Sea Field

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