SOURCE: Stock Market Alerts

May 22, 2008 09:15 ET

Hot Stock to Watch for Thursday: SOIS! May 22, 2008

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Stock Market Alerts.

MIAMI, FL--(Marketwire - May 22, 2008) - Stock Market Alerts' performance stock list includes: Striker Oil & Gas, Inc. (OTCBB: SOIS), Pyramid Oil Company (AMEX: PDO), FieldPoint Petroleum Corporation (AMEX: FPP), Brigham Exploration Company (NASDAQ: BEXP).

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

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:

Pyramid Oil Company (AMEX: PDO) up 18.6% on 1.9 million shares traded. Pyramid Oil Company has been in the oil and gas business continuously since incorporating in 1909. Pyramid acquires interests in land and producing properties through acquisition and lease, and then drills and/or operates crude or natural gas wells in an effort to discover or produce oil and/or natural gas.

FieldPoint Petroleum Corporation (AMEX: FPP) up 24.6% on 5.3 million shares traded. FieldPoint Petroleum Corporation is engaged in oil and natural gas exploration, production and acquisition, primarily in Louisiana, New Mexico, Oklahoma, Texas and Wyoming.

Brigham Exploration Company (NASDAQ: BEXP) up 0.4% on 2.6 million shares traded. Brigham Exploration Company is an independent exploration and production company that applies 3-D seismic imaging and other advanced technologies to systematically explore and develop onshore domestic natural gas and oil provinces.

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.

The information contained in this press release is for informational purposes only, and not to be construed as an offer to sell or solicitation of an offer to buy any security. The company makes no representation or warranty relating to the validity of the facts presented nor does the company represent or warrant that all material facts necessary to make an investment decision are presented above. Stock Market Alerts LLC is an advertising company and therefore, this release should be viewed for informational purposes only.

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