Bay Resource Partners, L.P., Bay II Resources Partners L.P., Bay Resource Partners Offshore Master Fund LP and K2 Bay Resource Partners Master Fund Ltd. managed by GMT Capital Corp., MANAGED FUND / Bay Resource Partners Offshore Fund Limited managed by SG Hambros Fund Managers (Jersey) Limited, Thomas E. Claugus, founder of GMT Capital Corp. and Chairman of Strategic Oil & Gas, and GMT Exploration Company LLC acquired 25.27% stake in Strategic Oil & Gas Ltd. (TSXV:SOG) for CAD 26.5 million on December 22, 2016. Bay Resource Partners, L.P., Bay II Resources Partners L.P., Bay Resource Partners Offshore Master Fund LP and K2 Bay Resource Partners Master Fund Ltd. managed by GMT Capital Corp., MANAGED FUND / Bay Resource Partners Offshore Fund Limited managed by SG Hambros Fund Managers (Jersey) Limited, Thomas E. Claugus, founder of GMT Capital Corp. and Chairman of Strategic Oil & Gas, and GMT Exploration Company LLC completed the acquisition of 25.27% stake in Strategic Oil & Gas Ltd. (TSXV:SOG) on December 22, 2016.