Striker Oil & Gas Announces Second Well at Catfish Creek Prospect Ready for Production

Striker Oil & Gas, Inc. (OTCBB:SOIS) announced today that it has successfully completed the second well drilled on its Catfish Creek Prospect located in East Texas. The well was completed in the Pettit formation with perforations at 10,435-10,438’ and 10,448-10,458’ and was flow tested for several days prior to shutting the well in. The well is now waiting on a gas pipeline hookup with a current shut-in pressure of 4,200 psi. The well will be fracced prior to turning the well into the gas pipeline. This prospect consists of over 8,000 gross acres with depths earned to 100 feet below the base of the Pettit formation. Full development of this prospect could result in 20 to 40 wells. Striker has approximately 33% working interest before payout (25% after payout) on this prospect. "We are very encouraged by the gas flow rate from this well taking into account that it has not yet been fracced,” said Kevan Casey, Chief Executive Officer of Striker. "We believe 2008 is shaping up to be a great year for Striker as we continue to develop our existing prospects and look for new opportunities that add to our reserves and ultimately shareholder value.” 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.