Striker Oil & Gas Announces Gas Sales Begin from Its Catfish Creek #2 Well

Striker Oil & Gas, Inc. (OTCBB:SOIS) announced today that it has connected the Catfish Creek #2 to its recently completed pipeline gathering system and it is currently flowing gas and associated condensate to sales prior to stimulating (fraccing) the Pettit formation. After the stimulation, the expectations are for a significant increase over the current flow rates. The well was completed in the Pettit formation with perforations at 10,435-10,438� and 10,448-10,458�.

This prospect consists of over 12,800 gross acres with full development of this prospect potentially yielding 30 to 50 wells testing the Pettit and Rodessa formations. Striker has approximately 33% working interest before payout (25% after payout) on this prospect.

�We are happy that we have this well tied into our new gathering system and are very optimistic that the stimulation of this well will meet or exceed our expectations,� said Kevan Casey, Chief Executive Officer of Striker. �Future field plans will be to immediately begin stimulation operations on our Catfish Creek #1 well which has been flowing oil for over the past sixteen months un-stimulated and then follow that with the completion of our recently drilled Catfish Creek #3 well.�

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 Bulletin Board (SOIS.OB). 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. For information please visit www.strikeroil.com.

Safe Harbor Statement

This press release contains statements that may constitute forward-looking statements, including the company�s ability to successfully acquire oil and gas properties and drill commercial wells. These statements are based on current expectations and assumptions and involve a number of uncertainties and risks that could cause actual results to differ materially from those currently expected. For additional information about Striker�s future business and financial results, refer to our Quarterly Reports on Form 10-QSB, our Annual Report on Form 10-KSB and the other filings we make with the Securities and Exchange Commission. Striker undertakes no obligation to update any forward-looking statements that may be made from time to time by or on behalf of the company, whether as a result of new information, future events or otherwise.

Striker Oil and Gas (CE) (USOTC:SOIS)
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