Striker Oil & Gas Inc. (SOIS.OB) Reports Successful Results of its Catfish Creek Prospect with Potential of up to 40 more Wells
Houston-based Striker Oil & Gas Inc. (OTCBB: SOIS) engages in the search and sale of oil and gas reserves through exploratory drilling and acquisitions of producing properties along the Texas Gulf Coast, East Texas and South Louisiana. Today the company announced the successful completion of the second well drilled on its Catfish Creek Prospect located in East Texas, reporting that full development of the prospect may result in 20 to 40 wells. Striker has approximately 33 percent working interest before payout, and 25 percent after. The well was completed in the Pettit formation with perforations at 10,435-10,438’ and 10,448-10,458’ and…