Striker Oil & Gas announces it has signed an agreement with GEO Corp to evaluate international offshore

30-Apr-2008 Intellasia | Business Wire | 5:01 AM Print This Post

Striker Oil & Gas, Inc. (formerly Unicorp, Inc) announced today that it has signed a non-exclusive Joint Development Agreement with GEO Corp Ltd, an Indonesian oil and gas company, to evaluate offshore prospects located in Indonesia. GEO Corp has previously obtained onshore concessions from Indonesia’s state owned oil and gas company, Pertamina, and is well positioned to begin reviewing offshore opportunities. Pertamina is one of the world’s largest energy companies with more than US$42 billion in annual revenue.

Kevan Casey, Chief Executive Officer of Striker, said, “I recently had the privilege of travelling to Indonesia to meet with GEO Corp and a senior official of Pertamina and I believe that there is a lot of opportunity there. Striker will continue to focus on developing its core domestic assets but I believe that this agreement provides us an opportunity for international expansion if the right offshore concession is obtained.”

About Striker Oil & Gas

Striker Oil & Gas, Inc. is an upstream US 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 Striker’s Annual Report on Form 10-KSB for the year ended December 31, 2007. 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.

 


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