Striker Oil and Gas (CE) (USOTC:SOIS)
Historical Stock Chart
From Jun 2019 to Jun 2024
Striker Oil & Gas, Inc. (OTCBB:SOIS) announces that it has completed the
installation of its 4 mile pipeline to connect its gas production from
its Catfish Creek Prospect. The company expects to complete the pressure
testing phase and final mechanical hook-up within the next 7-10 days and
expects to begin producing gas at that time. Striker has gas production
that is shut-in from its existing three un-stimulated wells and is
expected to have significant additional gas production as it continues
to development of this prospect. Striker will own a 25% interest in the
pipeline.
This prospect consists of over 9,000 gross acres with depths earned to
100 feet below the base of the Pettet formation. Full development of
this prospect could result in 20 to 40 wells. Striker has approximately
a 33% working interest before payout (25% after payout) on the shallow
target of this prospect.
“We are very pleased to have this beneficial component of our Catfish
Creek prospect completed.” said Kevan Casey, Chief Executive Officer of
Striker, “We will now be able to stimulate and complete the shut-in
wells and will begin producing at full capacity within a very short
period of time.”
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.