Feb 11 (Reuters) - Strategic Oil and Gas Ltd SOG.V :
* Provides operations update, year-end reserves and financing arrangement
* Announces strategic financing transaction to raise about $90 million, by
convertible debenture offering on private placement basis
* Says debentures will have a 5-year term, bear interest at 8% payable
semi-annuall
* Source text for Eikon
* Further company coverage SOG.V