Wednesday, April 7, 2010 – Before Market Open

“Trading Alert” Update 

Strategic American Oil Corporation

 (BB: SGCA - $.31 per share)

www.StrategicAmericanOil.com

Carpenter Global Stock Advisory Issues New Alert to its Readers with Recommendation of Aggressive BUY Now up to .99 and a Short-Term Price Target of $1.25

 “Forgotten Oil Fields Could Soon Make You Rich”

Late last year, we introduced Strategic American Oil Corporation (BB: SGCA) as a “Trading Alert” at .46 per share.  SGCA traded huge volume the day we introduced it, but the stock suffered from year-end tax loss selling and did not rally like most of our new “Trading Alerts”.  We have waited to reintroduce SGCA at the right time, and we believe we have it right now!

The Green Baron Report urges members to seriously consider an investment in SGCA today.  The chart has strengthened considerably and oil has just hit a new 18-month high.  Also, Andrew Carpenter, Editor of Carpenter Global Stock Advisory, is releasing a new alert to his readers today with aggressive projections for SGCA.  We strongly urge members to see what Mr. Carpenter has to say about Strategic American Oil.  As usual, we have included part of this third party research piece below and a link to view the entire report at no cost.  Happy trading!

Independent Third Party “BUY” Recommendation and Alert

SGCA has a Proven Growth Strategy aimed at being listed With the Top Oil Players on the AMEX and NYSE!! Read on to Find out Why!!

Believe it or not, America is littered with 1,000s of hidden, distressed, overlooked, underfunded, even outright abandoned oil fields containing millions of barrels of recoverable oil. At today's prices, these deposits are worth tens of millions each, and need only the right expertise to bring them to market.

That expertise can be found in Strategic American Oil Corporation (SGCA.OB).  SGCA is an exploration and production company with operations in Texas, Louisiana and Illinois.

In 2010, the company plans to drill to produce oil and gas from "forgotten" oilfields and conduct seismic tests to confirm and expand oil and gas bearing structures to bring many new fields online - events that are likely to send its sales through the roof!!!  If you scoop up shares in Strategic American (SGCA.OB) today, while they can still be had for mere pennies, you could be looking at a significant return on your investment by this time next year!!

Click here to read entire Carpenter Global Stock Advisory report on SGCA

About Strategic American Oil Corporation

Strategic American Oil Corporation (OTCBB: SGCA) is an exploration and development 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.

Contact:

Strategic American Oil Corporation

Investor Relations

212-505-5976

 

Corporate Office

Suite 2015, 600 Leopard Street

Corpus Christi, Texas, 78473

 

Lake Group Media Disclaimer

DEFINITION: Green Baron “Trading Alert”

"Trading Alert" – A stock introduced to our members supported by research provided by a respected third party.  These are companies that we believe are worthy of investment, and we expect a big move up particularly in the extreme short-term.  These stocks have not been thoroughly researched by Green Baron staff, and therefore are not supported by a more in-depth profile.  Under the sub-section “Trading Alerts” on our website and our reports, we will provide a link to the independent research or BUY recommendation, a short description of the Company, and in some cases, we will conduct a Green Baron audio-taped webcast interview to allow a key person discuss the merits of the Company.