MIAMI, FL , Mexco Energy Corporation (AMEX: MXC), Samson Oil
& Gas Limited (AMEX: SSN), Aurora Oil & Gas Corporation
(AMEX: AOG).
There is important news issued by Striker Oil & Gas, Inc.
(OTCBB: SOIS). Yesterday the company, an upstream U.S. oil and gas
company, issued a press release announcing that its first quarter
results for fiscal 2008 reflect revenues up over 266% compared to
the same period in 2007.
Great news for SOIS! The press release states that the company
also increased its gross profit from oil and gas operations in
excess of 300% for the same period to $700,867! According to the
press release: During the quarter ended March 31, 23008, Striker
Oil & Gas realized an increase in revenue of $856,787, or 266%,
over the 2007 period. The company experienced an increase in crude
oil and condensate sales of 2,455 barrels in 2008, or a 39%
increase over 2007 levels, and an increase in the price it received
for its production from $50.60 per barrel to $97.71 per barrel, or
93%. The increased crude oil sales were attributable to increased
production at North Edna Field, North Sand Hill Field, its
discoveries at South Creole Field and Catfish Creek Field and its
acquisition of Welsh Field. Revenue the company received from
natural gas sales at its South Creole Field increased to $316,856
which represented sales of 38,037 Mcf's at an average price of
$8.33 per Mcf. The company reported no gas sales in the 2007
period.
Gross profit before depletion expense increased from $174,468
for the 2007 period to $700,867, an increase of 302%, for the 2008
period. As previously discussed, the company experienced a
significant increase in revenue from its recent discoveries and
acquisition which contributed to the increase in gross profit.
Striker Oil & Gas reported a net income applicable to common
shares of $394,762, or $.02 per share (basic and diluted) for the
quarter ended March 31, 2008, compared to a net loss of $1,503,884,
or $0.08 per share (basic and diluted) for the quarter ended March
31, 2007.
"We are pleased that our revenue growth continued in the first
quarter of the 2008 fiscal year, generated by internal growth. We
are confident that our existing projects, primarily our Catfish
Creek prospect, will continue to add to our revenue growth during
fiscal 2008," stated Kevan Casey, CEO of Striker Oil & Gas.
For the complete report of the company's audited consolidated
financial statements for the quarter ended March 31, 2008, please
review the company's Form 10-Q filed with the Securities and
Exchange Commission on May 20, 2008, at www.sec.gov.
Watch this company closely! On May 6th, 2008, the company
announced that it expects fiscal 2008 revenue to increase to
$5,000,000 versus $3,000,000 for fiscal 2007. This would represent
a 66% increase and would be attributed to continued development and
remediation of its current prospects.
SOIS closed Wednesday at Sixty Eight cents a share.
In case you are not familiar with the company: Striker Oil &
Gas, Inc. is primarily engaged in the acquisition, development,
exploration and production of crude oil and natural gas. The
company acquires working interests in producing properties with
developmental potential and properties that offer relatively low
risk exploration potential for both crude oil and natural gas.
Striker Oil & Gas operates onshore along the Gulf Coast of
Texas and Louisiana as well as East Texas and Mississippi. The
Company strives to enhance asset value through application of
current production technology while keeping costs low. The
company's goal is to achieve a high return on its investment and
grow shareholder value.
Other Stocks of interest yesterday were:
Mexco Energy Corporation (AMEX: MXC) up 16.1% on 1.1 million
shares traded. Mexco Energy Corporation, a Colorado corporation, is
an independent oil and gas company located in Midland, Texas
engaged in the acquisition, exploration and development of oil and
gas properties.
Samson Oil & Gas Limited (AMEX: SSN) up 68.6% on 2.4 million
shares traded. Samson's principal activities are exploring for,
developing and producing oil and gas in the United States of
America.
Aurora Oil & Gas Corporation (AMEX: AOG) up 11.5% on 2.4
million shares traded. Aurora Oil & Gas Corporation is an
independent energy company focused on unconventional natural gas
exploration, acquisition, development and production with its
primary operations in the Antrim shale of Michigan, the New Albany
shale of Indiana and Kentucky, and the Woodford shale of
Oklahoma.
The advertisement is provided by Wall Street Enews, a division
of Stock Market Alerts LLC, an electronic broadcaster and publisher
of this release, and hereafter referred to as "the company." The
company received compensation for services performed for Striker
Oil & Gas, Inc. (formally Unicorp Inc) (OTCBB: SOIS). In 2008,
the current compensation is eight thousand dollars, from the
company. The company was also previously compensated cash for
services rendered in 2007 and 2006, all by the company. Because the
company received compensation for its services, there is an
inherent conflict of interest in the company statements and
opinions and such statements and opinions cannot be considered
independent.
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forward-looking statements within the meaning of Section 27A of the
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