Striker Oil & Gas, Inc. (SOIS.OB) is an oil and gas company focused on the search and sale of oil and gas reserves as well as the acquisition of producing properties. The company is located in Houston, Texas and targets the Texas Gulf Coast, East Texas, and Southern Louisiana areas.
Striker Oil & Gas has three main objectives. First, the company plans to acquire producing properties that show the potential to produce. Second, they intend to drill for low- to moderate-risked exploratory reserves, all the while meeting their third objective, which is to maximize production while optimizing field operations and controlling costs. Striker has a non-exclusive, joint development agreement with GEO Corporation Ltd (an Indonesian oil and gas company) that will facilitate Striker’s evaluation of offshore Indonesian prospects.
Striker’s growth strategy includes searching for property acquisitions that: offer a location within their focus regions; accrete earnings, cash flow, and reserves; provide personnel and existing infrastructure that work together successfully; and meet their economic thresholds. The company expects their 2008 revenues to reach $5,000,000.
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