Striker Oil & Gas Inc., Houston, (OTCBB: SOIS) has drilled its third well on its Catfish Creek prospect in East Texas total depth of 10,815 feet.

The well was drilled to test the Bacon Lime and Gloyd sections of the Rodessa and the Pettit formations. The prospect consists of more than 9,000 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).

Striker chief executive Kevan Casey says, “We are happy that we have successfully drilled our third well on our largest prospect. We expect to begin the completion phase of this well within the next 30 days at which time we will attempt a completion in the Pettit gas zone.”
Striker has oil and gas operations on the Texas Gulf Coast, East Texas and southern Louisiana.