2009-08-04-2009-08-01

To purchase interests in Holt, Strahan, Dixon leases in Franklin & Richland parishes, LA.

Frazier Resources Co., Houston, plans to acquire interests in Franklin and Richland parishes, Louisiana, from Strategic American Oil Corp., Corpus Christi, (OTCBB: SGCA) and another undisclosed seller for $775,000. The assets involve the Holt, Strahan and Dixon leases, of which Strategic American holds a 75% interest and will receive $581,250. Strategic American acquired the producing leases in fourth-quarter 2006 for $250,000. The company has operations in Texas, Oklahoma, Louisiana and Illinois.