c:Striker Oil & Gas Inc.Nears Completion of Gas Pipeline Tie-in

As one might suspect, a growing and thriving market for a commodity attracts many new entrants looking to score a quick buck. For the most part, these companies don’t stay in the game all that long as they run out of capital or implode due to the lack of knowledge and money. Other companies, however, plan for the long haul and have many sources of potential revenue in their back pockets. Finding a company that has the long term in mind and a portfolio of potential assets for development is a good way to find a long term source of profit.

Striker Oil & Gas Inc., an oil and gas exploration and development company, works to exploit oil and gas deposits located primarily in Texas and Louisiana. The company uses advanced proprietary exploration techniques and past histories to locate and develop its leases and properties. In this regard, the company is currently finding success with a Louisiana property that has been in production for over 30 years but not fully explored with modern imaging technology. This imaging capability is a company strength and one that enables the company to better understand formations at deeper depths.

The fourth quarter of 2008 and first quarter of 2009 should find the company bringing new wells online, as infrastructure and additional wells are built-out or drilled. Its Catfish Creek property currently supports 3 producing wells in the third quarter 2008 and holds promise for the addition of 20-40 wells in the fourth quarter. The company currently holds a 25% position in this property. Producing wells have given the company the latitude it requires to follow a well constructed development plan. Generally speaking, all properties have some production associated with them to generate revenue; although proven reserves – as yet undrilled – do appear to hold the real potential for long term success.


Striker Oil & gas is clearly following a solid and conservative exploration and development plan that is paying off in spades. It has recently announced that its capital reserves currently top $20 million; with expectation of $45 million as new projects come on line in the next two quarters. It further states that its current figures are as of December 31, 2007 and based on pricing that is pre oil and gas price run-ups of recent months. As Striker Oil & Gas continues to add wells through the end of 2008 and the beginning of 2009, revenues are projected to continue on an upward slope. The company prides itself on doing the necessary due diligence and is taking advantage of available technology for a safe and reliable return to investors. As oil and gas prices continue to move in their upper ranges, Striker Oil & gas has positioned itself nicely to capitalize for some time to come.