SOIS Striker Oil and Gas Inc (CE)

Striker Oil & Gas, Inc. (OTCBB:SOIS) announces that Striker along with its working interest partners in the Catfish Creek Prospect located in East Texas have now increased their acreage position to 12,800 gross acres. This is an increase of more than 50% from the initial acreage position acquired in this prospect. This prospect has the potential for 25 to 40 wells to test the Pettit and Rodessa intervals with estimated gross reserves of 125,000 barrels of oil equivalent (BOE) per well for all zones or a gross prospect potential of 5 million barrels of oil equivalent (BOE) reserves . The shallow rights of this prospect include depths to 10,800 feet. Striker has approximately 33% working interest before payout (25% after payout) on the shallow rights of this prospect. Striker recently announced that it had successfully drilled its third well and completed its 4 mile gas pipeline on its Catfish Creek Prospect. Striker owns a 25% interest in the pipeline. �This prospect is developing into a very valuable asset for Striker with excellent future growth opportunity. With the gas pipeline complete, the operator of the prospect is currently planning the stimulations for the three wells with the first well being worked on later this week based on rig and frac service availability,� said Kevan Casey, Chief Executive Officer of Striker. 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.