In addition to effective management, Striker Oil and Gas, Inc. has a proven track record for generating huge revenues. In 2007 it has a 233% increase in revenues as compared to the same period in 2006. That amounts to an increase in revenue of $2,151,426 in 2007.
Striker Oil and Gas, Inc. announced Tuesday, May 6th that it expects fiscal 2008 revenues to increase to 5,000,000 versus 3,000,000 for fiscal 2007.
�We are very happy with the expected growth for 2008 that is attributed to our current prospects,� said Kevan Casey, Chief Executive Officer of Striker. �In addition, we are continuing to search for new acquisitions and developments that will further increase our cash flow, reserves and ultimately shareholder value.�
Through acquisition of producing properties, expansion of current projects, discovery of proven undeveloped locations (PUD�s), and recompletion of select sites, Striker Oil and Gas, Inc. continues to impress.
In fact, Striker Oil and Gas, Inc�s potential for growth has never been greater.
Striker is strategically focused along the Texas Gulf Coast, East Texas and South Louisiana in areas of developed infrastructure and established markets.
Striker Oil and Gas, Inc. continues to pursue new acquisitions and developments such as the non-exclusive Joint Development Agreement it has signed with GEO Corporation Ltd., an Indonesian oil and gas company, to evaluate offshore prospects located in Indonesia.
All of these developments, combined with the rising cost of fuel will benefit Striker Oil and Gas. According to the Associated Press, the average price of gasoline rose 3 cents on Thursday, May 8, 2008 bringing the national average to $3.65 per gallon. The cost of oil reached the $124 a barrel mark for the first time on the same day.
Sources: AP, May 8, 2008. Strikeroil.com