Striker Oil & Gas (SOIS)

[boatRgirl]

SOIS reaffirms their standings today:

Striker Oil & Gas Reiterates Its Reserves of More Than $20,000,000 as of December 2007
8:30a ET June 17, 2008 (Business Wire)
Striker Oil & Gas, Inc. (OTCBB:SOIS) announced today that its reserves were more than $20 million on December 31, 2007 and its future revenues are in excess of $45 million. This amounts to approximately $1.00 per share in reserves and $2.00 per share in future revenues based upon approximately 20 million shares outstanding. The table below shows the actual numbers as filed with the Securities and Exchange Commission on its December 31, 2007 annual report.

Years Ended December 31, ---------------------------------------------------------- 2007 2006 2005 -------------- ----------- ----------- Future revenues $ 45,263,031 $ 8,648,373 $ 905,449 Future production costs (9,489,548) (2,090,738) (417,978) Future development costs (3,448,866) (1,814,768) (17,985) -------------- ----------- ----------- Future net cash flows 32,324,617 4,742,867 469,486 10% discount (11,842,377) (1,000,745) (51,881) -------------- ----------- ----------- Standardized measure of discounted future net cash relating to proved reserves $ 20,482,240 $ 3,742,122 $ 417,605 ============== =========== ===========

These figures do not take into account the recent wells that have been drilled and the increase in the price of oil & gas since December 31, 2007. In addition, Striker has scheduled numerous wells that are to be drilled in the 3rd fiscal quarter and if successful will also add substantially to its reserve base and future revenues.

"These year-end amounts do not reflect the tremendous upside that we believe is possible through a successful drilling program on our development prospects," said Kevan Casey, Chief Executive Officer of Striker, "Striker is committed to exploiting its existing properties as well as seeking new potential prospects to add to its growing portfolio of properties."

About Striker Oil & Gas

Striker Oil & Gas, Inc. is an upstream U.S. oil and gas company headquartered in Houston, Texas and traded on the Over-the-Counter