Aug 16 (Reuters) - Strategic Oil And Gas Ltd SOG.V
* Strategic Oil & Gas Ltd announces second quarter 2017 financial results and provides operations update
* Qtrly funds from operations per share basic $0.06
* Qtrly basic loss per share $0.15
* Qtrly oil and natural gas sales $10.3 million versus about $6 million
* Qtrly average daily production 2,661 boe per day versus 1,829 boe per day
* Says corporate production volumes for Q3 of 2017 are estimated to be 2,400 boe/d
* Says for full year 2017, reduced estimated capital spending for Q3 from $24 million to $16 million
* Qtrly operating netbacks increased to $17.98/boe