SOIS Striker Oil and Gas Inc (CE)

Striker Oil & Gas, Inc. (OTCBB:SOIS) announced today that it has amended its original agreement on its Lavaca County prospect which reduces its carried working interest from 15% to 10% to casing point. In exchange, the company received a cash payment of $50,000. These adjustments were necessary to facilitate the drilling of the prospect. This prospect will target the Yegua sands at a depth of approximately 5,500 feet and has expected reserves of 1 to 2 Bcf of gas. Striker expects this well will be drilled during the second half of fiscal 2008. 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.