Striker Oil & Gas (SOIS)

[dragon man]

Wall Street News Alert: Hot Stocks to Watch: SOIS! January 30, 2009





WESTON, FL -- (Marketwire) -- 01/30/09 -- Wall Street News Alert's "stocks to watch" this morning are: Striker Oil & Gas, Inc. (OTCBB: SOIS), Gold Fields Limited (NYSE: GFI), Western Digital Corp. (NYSE: WDC) and Sepracor Inc. (NASDAQ: SEPR).




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With 2008 financial numbers announced this week, and additional news just released, Striker Oil & Gas, Inc. (OTCBB: SOIS) should have investors monitoring this stock. Yesterday after the markets closed, the company, an upstream U.S. oil and gas company, issued a press release announcing that it has re-established production on its LeJeune No. 1 well in its North Edna prospect located in Jefferson Davis Parish, Louisiana at an average daily rate of 71 barrels of oil per day.




According to the release, the North Edna prospect also has an additional well location that has been classified as a Proven Undeveloped Drilling (PUD) location and has been assigned gross reserves of 428,000 barrels split evenly between the PUD and Probable Undeveloped categories by our independent third party reserve engineers. This additional well is forecasted to be drilled in fiscal 2009 to a depth of approximately 9,000 feet to test several zones that have been previously identified in the prospect area.





Striker has a 25.9% net revenue interest in the initial well and an approximate 18% net revenue interest in any subsequent wells on the North Edna prospect.




The company previously reported that its fiscal 2008 revenue increased by 24% to $3,800,000 compared to the same period in 2007. The company missed its previous guidance of $5,000,000 due to a disruption in its production from both Hurricanes Gustav and Ike and also the significant drop in hydrocarbon prices; however, the company has since restored production and does not anticipate any further issues caused by the previous hurricanes.




In Tuesday's press release, Kevan Casey, Chief Executive Officer of Striker, stated, "Although 2008 proved to be a very challenging year, we are pleased that we were still able to achieve positive revenue growth over the previous year. We will continue to focus on our Catfish Creek Prospect and believe this will be the main factor in our continued growth for 2009."



Investors are urged to carefully monitor the progress of this company!



SOIS closed yesterday at around Six cents a share.




For an in-depth profile of Striker Oil & Gas, visit http://www.WallStreetNewsAlert.com/HotStocks/SOIS012909/default.aspx.




In case you are not familiar with the company: Striker Oil & Gas, Inc. is an upstream U.S. oil and gas company. The company is engaged in the search for and sale of oil and gas reserves through both exploratory drilling and the acquisition of producing properties. Striker's objective is to cost efficiently develop these properties and market the oil and gas production at the wellhead. Striker is strategically focused along the Texas Gulf Coast, East Texas and South Louisiana in areas of developed infrastructure and established markets.