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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">UNITED
STATES</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SECURITIES
AND EXCHANGE COMMISSION</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">WASHINGTON,
D.C. 20549</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">FORM
S-8</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">REGISTRATION
STATEMENT UNDER THE SECURITIES ACT OF 1933</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">STRIKER OIL &amp; GAS,
INC.</font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Exact
Name of Registrant as Specified in its Charter)</font></div>
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              <td valign="top" width="25%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Nevada</font></div>
              </td>
              <td align="left" valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
              <td valign="top" width="24%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">75-1764386</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="25%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(State
      or Other Jurisdiction of</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Incorporation
      or Organization)</font></div>
              </td>
              <td align="left" valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
              <td valign="top" width="24%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(I.R.S.
      Employer</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Identification
      Number)</font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Galleria Financial
Center</font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">5075 Westheimer, Suite
975</font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Houston, TX
77056</font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt">(Address of Principal Executive
Office)</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">2007 Stock Option
Plan</font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Full
title of the plan)</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Steven
M.&#160;Plumb</font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Galleria Financial
Center</font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">5075 Westheimer, Suite
975</font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; TEXT-DECORATION: underline">Houston,
TX 77056</font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Name and
address of agent for service)</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Telephone:
</font><font style="DISPLAY: inline; FONT-SIZE: 10pt">(713)402-6700</font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Telephone
number, including area code, of agent for service)</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Large
accelerated filer&#160;&#160;<a name="Check1">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Accelerated
filer </a><a name="Check2" /></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Non-accelerated
filer&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Smaller
reporting company <font style="DISPLAY: inline;" face="Wingdings">x</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CALCULATION
OF REGISTRATION FEE</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" width="100%">
            <tr>
              <td valign="top" width="22%" style="BORDER-TOP: black 2.55pt double">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Title
      of</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Securities
      To Be</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Registered</font></div>
              </td>
              <td valign="top" width="13%" style="BORDER-TOP: black 2.55pt double">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Amount
      Being</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Registered<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: super">(1)</font></font></div>
              </td>
              <td valign="top" width="16%" style="BORDER-TOP: black 2.55pt double">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Proposed
      Maximum</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Offering
      Price</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Per
      Share<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: super">(2)</font></font></div>
              </td>
              <td valign="top" width="16%" style="BORDER-TOP: black 2.55pt double">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Proposed
      Maximum</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Aggregate</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Offering
      Price<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: super">(2)</font></font></div>
              </td>
              <td valign="top" width="11%" style="BORDER-TOP: black 2.55pt double">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Amount
      of</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Registration</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Fee</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="22%">
                <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Common
      Stock, par value $0.001 per share</font></div>
              </td>
              <td valign="middle" width="13%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">1,200,000</font></div>
              </td>
              <td valign="middle" width="16%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$0.10</font></div>
              </td>
              <td valign="middle" width="16%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$120,000</font></div>
              </td>
              <td valign="middle" width="11%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$4.72</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" colspan="4" valign="top" width="67%" style="BORDER-BOTTOM: black 4px double">
                <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">TOTAL&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
              </td>
              <td valign="top" width="11%" style="BORDER-BOTTOM: black 4px double">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$4.72</font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(1)</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
      to Rule 416 under the Securities Act of 1933, as amended, the number of
      shares of the issuer&#8217;s Common Stock registered hereunder will be adjusted
      in the event of stock splits, stock dividends or similar
      transactions.</font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(2)</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Estimated
      solely for the purpose of calculating the amount of the registration fee
      pursuant to Rule 457(h), on the basis of the average of the high and low
      prices for a share of common stock as reported by the Over-The-Counter
      Bulletin Board.</font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">PART
I</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ITEM
1.<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;PLAN
INFORMATION</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
documents containing the information specified in Item 1 will be sent or given
to participants in the 2007 Stock Option Plan, as specified by Rule 428(b)(1) of
the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;). Such documents
are not required to be and are not filed with the Securities and Exchange
Commission (the &#8220;SEC&#8221;) either as part of this Registration Statement or as
prospectuses or prospectus supplements pursuant to Rule 424. These documents and
the documents incorporated by reference in this Registration Statement pursuant
to Item 3 of Part II of this Form S-8, taken together, constitute a prospectus
that meets the requirements of Section 10(a) of the Securities Act.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ITEM
2.<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;REGISTRANT
INFORMATION AND EMPLOYEE PLAN ANNUAL INFORMATION</font></div>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Upon
written or oral request, any of the documents incorporated by reference in Item
3 of Part II of this Registration Statement (which documents are incorporated by
reference in this Section 10(a) Prospectus), other documents required to be
delivered to eligible employees, non-employee directors and consultants,
pursuant to Rule 428(b) are available without charge by contacting:</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Steven
Plumb</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Galleria
Financial Center</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">5075
Westheimer, Suite 975</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Houston,
TX 77056</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;(713)
402-6700</font></div><br>
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      </div><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">EXPLANATORY
NOTE</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
to General Instruction C of Form S-8, the resale prospectus filed as part of
this Registration Statement has been prepared in accordance with the
requirements of Part I of Form S-3 and may be used for reofferings and resales
of registered shares of common stock which have been issued upon the grants of
common stock and/or options to purchase shares of common stock to executive
officers and directors of Striker Oil &amp; Gas, Inc.</font></div><br>
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        </div>
      </div><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">RESALE
PROSPECTUS</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">8,000,000
SHARES OF COMMON STOCK OF</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">STRIKER
OIL &amp; GAS, INC.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
Resale Prospectus relates to the offer and sale of up to 1,200,000 shares of our
common stock from time to time by selling stockholders of shares of our common
stock. The common stock is issuable to the selling stockholders from time to
time under the Plan.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Our
common stock is traded on the Over-The-Counter Bulletin Board under the symbol
&#8220;UCPI&#8221; On April 15, 2008, the closing price of a share of our common stock was
$0.10 per share.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We will
not receive any of the proceeds from the sales by the selling stockholders. The
common stock may be sold from time to time by the selling stockholders either
directly in private transactions, or through one or more brokers or dealers, or
any other market or exchange on which the common stock is quoted or listed for
trading, at such prices and upon such terms as may be obtainable. These sales
may be at fixed prices (which may be changed), at market prices prevailing at
the time of sale, at prices related to such prevailing market prices or at
negotiated prices.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Upon any
sale of the common stock, by a selling stockholder and participating agents,
brokers, dealers or market makers may be deemed to be underwriters as that term
is defined in the Securities Act, and commissions or discounts or any profit
realized on the resale of such securities purchased by them may be deemed to be
underwriting commissions or discounts under the Securities Act.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">No
underwriter is being utilized in connection with this offering. We will pay all
expenses incurred in connection with this offering and the preparation of this
Resale Prospectus.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">INVESTING
IN OUR COMMON STOCK INVOLVES RISKS. SEE &#8220;RISK FACTORS&#8221; BEGINNING ON PAGE
2.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">NEITHER
THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS
APPROVED OR DISAPPROVED OF THESE SECURITIES, OR DETERMINED IF THIS RESALE
PROSPECTUS IS TRUTHFUL OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A
CRIMINAL OFFENSE.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The date
of this Resale Prospectus is April 30, 2008</font></div><br>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">TABLE OF CONTENTS</font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Risk
Factors&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;.............................................................................................................................................................................................................................................................................................<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;1</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Where You
can Find More Information&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;..............................................................................................................................................................................................................................................<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;8</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Incorporation
of Certain Documents by Reference&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;...........................................................................................................................................................................................................................<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;8</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Note
Regarding Forward Looking Statements&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;...................................................................................................................................................................................................................................<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;9</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Use of
Proceeds&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;......................................................................................................................................................................................................................................................................................<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;9</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Dilution&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;.....................................................................................................................................................................................................................................................................................................<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;9</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Selling
Stockholders&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;...............................................................................................................................................................................................................................................................................<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;10</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Plan of
Distribution&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;.................................................................................................................................................................................................................................................................................<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;10</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Description
of Securities to be Registered&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;..........................................................................................................................................................................................................................................<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;11</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Legal
Matters&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;...........................................................................................................................................................................................................................................................................................<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;13</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Experts&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;.......................................................................................................................................................................................................................................................................................................<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;13</font></div>
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        </div>
      </div><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">You
should rely only on the information contained in this Resale Prospectus or any
supplement. We have not authorized anyone to provide you with information
different from that which is contained in or incorporated by reference to this
Resale Prospectus. The information contained in this Resale Prospectus is
accurate only as of the date of this Resale Prospectus, regardless of the time
of delivery of this Resale Prospectus or of any sale of the common stock.<a name="gmnh101" /></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">RISK
FACTORS</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Any
investment in our securities involves a high degree of risk.&#160;&#160;You
should carefully consider the following information about these risks, together
with the other information contained in this prospectus, before you decide to
buy our securities.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman">Risks
Relating to the Company&#8217;s Business</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Striker
Has a History of Losses Which May Continue, Which May Negatively Impact Its
Ability to Achieve Its Business Objectives.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Company incurred a net loss of $3,310,279 for the fiscal year ended December 31,
2006, and a net loss of $1,423,363&#160;for the fiscal year ended December 31,
2007 and expects to incur a net loss in fiscal 2008.&#160;&#160;Its operations
are subject to the risks and competition inherent in the establishment of a
business enterprise.&#160;&#160;There can be no assurance that its future
operations will be profitable.&#160;&#160;The Company may not achieve its
business objectives and the failure to achieve such goals would have an adverse
impact on it.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
the Company Is Unable to Obtain Additional Funding Its Business Operations Will
be Harmed and If It Does Obtain Additional Financing Its Then Existing
Shareholders May Suffer Substantial Dilution.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Company will require approximately $5.5 million to sustain and expand its
exploration and drilling activities during fiscal 2008.&#160;&#160;The Company
believes it has sufficient working capital to fund its current operations and
debt payments for the next twelve months, however, if it does not raise
additional funds it will not be able to grow its business.&#160;&#160;Additional
capital will be required to effectively support the operations and to otherwise
implement its overall business strategy.&#160;&#160;There can be no assurance
that financing will be available in amounts or on terms acceptable to it, if at
all.&#160;&#160;The inability to obtain additional capital will restrict its
ability to grow and may reduce its ability to continue to expand its business
operations.&#160;&#160;If the Company is unable to obtain additional financing,
it will likely be required to curtail its development plans.&#160;&#160;Any
additional equity financing may involve substantial dilution to the Company&#8217;s
then existing shareholders.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Company Is Currently Dependent on Other Oil and Gas Operators for Operations on
Its Properties.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Some of
the Company&#8217;s current operations are properties in which it owns a minority
interest.&#160;&#160;As a result, the drilling and operations are conducted by
other operators, upon which the Company is reliant for successful drilling and
revenues.&#160;&#160;In addition, as a result of its dependence on others for
operations on its properties, the Company has limited control over the timing,
cost or rate of development on such properties.&#160;&#160;As a result, drilling
operations may not occur in a timely manner or take more time than it
anticipates as well as resulting in higher expenses.&#160;&#160;The inability of
these operators to adequately staff or conduct operations on these properties,
or experience a short-fall in funding their proportionate interest, could have a
material adverse effect on the Company&#8217;s revenues and operating
results.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Potential Profitability of Oil and Gas Ventures Depends Upon Factors Beyond the
Company&#8217;s Control.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
potential profitability of oil and gas properties is dependent upon many factors
beyond the Company&#8217;s control.&#160;&#160;For instance, world prices and markets
for oil and gas are unpredictable, highly volatile, potentially subject to
governmental fixing, pegging, controls, or any combination of these and other
factors, and respond to changes in domestic, international, political, social
and economic environments.&#160;&#160;Additionally, due to worldwide economic
uncertainty, the availability and cost of funds for production and other
expenses have become increasingly difficult, if not impossible, to
project.&#160;&#160;These changes and events may materially affect the Company&#8217;s
financial performance.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Adverse
weather conditions can also hinder drilling operations.&#160;&#160;A productive
well may become uneconomic in the event water or other deleterious substances
are encountered which impair or prevent the production of oil and/or gas from
the well.&#160;&#160;In addition, production from any well may be unmarketable
if it is impregnated with water or other deleterious substances.&#160;&#160;The
marketability of oil and gas which may be acquired or discovered will be
affected by numerous factors beyond the Company&#8217;s control.&#160;&#160;These
factors include the proximity and capacity of oil and gas pipelines and
processing equipment, market fluctuations of prices, taxes, royalties, land
tenure, allowable production and environmental protection.&#160;&#160;These
factors cannot be accurately predicted and the combination of these factors may
result in the Company not receiving an adequate return on invested
capital.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Oil and Gas Industry Is Highly Competitive and There Is No Assurance That the
Company Will Be Successful In Acquiring Leases.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The oil
and gas industry is intensely competitive.&#160;&#160;The Company competes with
numerous individuals and companies, including many major oil and gas companies,
which have substantially greater technical, financial and operational resources
and staffs.&#160;&#160;Accordingly, there is a high degree of competition for
desirable oil and gas leases, suitable properties for drilling operations and
necessary drilling equipment, as well as for access to funds.&#160;&#160;The
Company cannot predict if the necessary funds can be raised or that any
projected work will be completed.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
Natural Gas or Crude Oil Prices Decrease or the Company&#8217;s Exploration and
Development Efforts Are Unsuccessful, It May Be Required to Take Write
Downs.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Company&#8217;s financial statements are prepared in accordance with generally
accepted accounting principles.&#160;&#160;The reported financial results and
disclosures were developed using certain significant accounting policies,
practices and estimates, which are discussed in the Management&#8217;s Discussion and
Analysis of Financial Condition and Plan of Operations section.&#160;&#160;The
Company follows the full cost method of accounting for its oil and gas
properties.&#160;&#160;Accordingly, all costs associated with the acquisition,
exploration and development of oil and gas properties, including costs of
undeveloped leasehold, geological and geophysical expenses, dry holes, leasehold
equipment and overhead charges directly related to acquisition, exploration and
development activities are capitalized.&#160;&#160;Proceeds received from
disposals are credited against accumulated cost except when the sale represents
a significant disposal of reserves, in which case a gain or loss is
recognized.&#160;&#160;The sum of net capitalized costs and estimated future
development and dismantlement costs for each cost center is depleted on the
equivalent unit-of-production method, based on proved oil and gas reserves as
determined by independent petroleum engineers.&#160;&#160;Excluded from amounts
subject to depletion are costs associated with unevaluated
properties.&#160;&#160;Natural gas and crude oil are converted to equivalent
units based upon the relative energy content, which is six thousand cubic feet
of natural gas to one barrel of crude oil.&#160;&#160;Net capitalized costs are
limited to the lower of unamortized costs net of deferred tax or the cost center
ceiling.&#160;&#160;The cost center ceiling is defined as the sum of (i)
estimated future net revenues, discounted at 10% per annum, from proved
reserves, based on unescalated year-end prices and costs, adjusted for contract
provisions and financial derivatives that hedge its oil and gas reserves; (ii)
the cost of properties not being amortized; (iii) the lower of cost or market
value of unproved properties included in the cost center being amortized and;
(iv) income tax effects related to differences between the book and tax basis of
the natural gas and crude oil properties.&#160;&#160;A write down of these
capitalized costs could be required if natural gas and/or crude oil prices were
to drop precipitously at a reporting period end.&#160;&#160;Future price
declines or increased operating and capitalized costs without incremental
increases in natural gas and crude oil reserves could also require the Company
to record a write down.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Reserve
Estimates Depend on Many Assumptions that May Turn Out to Be Inaccurate and Any
Material Inaccuracies in These Reserve Estimates or Underlying Assumptions May
Materially Affect the Quantities and Present Value of the Company&#8217;s
Reserves.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
process of estimating natural gas and crude oil reserves is
complex.&#160;&#160;It requires interpretations of available technical data and
various assumptions, including assumptions relating to economic
factors.&#160;&#160;Any significant inaccuracies in these interpretations or
assumptions could materially affect the estimated quantities and present value
of reserves disclosed.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In order
to prepare these estimates, the Company and independent petroleum engineers
engaged by it must project production rates and timing of development
expenditures.&#160;&#160;It and the engineers must also analyze available
geological, geophysical, production and engineering data, and the extent,
quality and reliability of this data can vary.&#160;&#160;The process also
requires economic assumptions with respect to natural gas and crude oil prices,
drilling and operating expenses, capital expenditures, taxes and availability of
funds.&#160;&#160;Therefore, estimates of natural gas and crude oil reserves are
inherently imprecise.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Actual
future production, natural gas and crude oil prices and revenues, taxes,
development expenditures, operating expenses and quantities of recoverable
natural gas and crude oil reserves most likely will vary from the Company&#8217;s
estimates.&#160;&#160;Any significant variance could materially affect the
estimated quantities and present value of reserves disclosed
herein.&#160;&#160;In addition, the Company may adjust estimates of proved
reserves to reflect production history, results of exploration and development,
prevailing natural gas and crude oil prices and other factors, many of which are
beyond its control.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">You
should not assume that the present value of future net revenues disclosed herein
is the current market value of the Company&#8217;s estimated crude oil
reserves.&#160;&#160;In accordance with SEC requirements, the estimated
discounted future net cash flows from proved reserves are generally based on
prices and costs as of the date of the estimate.&#160;&#160;Actual future prices
and costs may be materially higher or lower than the prices and costs as of the
date of the estimate.&#160;&#160;Any changes in consumption by natural gas and
crude oil purchasers or in governmental regulations or taxation will also affect
actual future net cash flows.&#160;&#160;The timing of both the production and
the expenses from the development and production of natural gas and crude oil
properties will affect the timing of actual future net cash flows from proved
reserves and their present value.&#160;&#160;In addition, the 10% discount
factor, which is required by the SEC to be used in calculating discounted future
net cash flows for reporting purposes, is not necessarily the most accurate
discount factor.&#160;&#160;The effective interest rate at various times and the
risks associated with the Company&#8217;s business or the oil and gas industry in
general will affect the accuracy of the 10% discount factor.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Oil
and Gas Operations Are Subject to Comprehensive Regulation Which May Cause
Substantial Delays or Require Capital Outlays in Excess of Those Anticipated
Causing an Adverse Effect on the Company.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Oil and
gas operations are subject to federal, state, and local laws relating to the
protection of the environment, including laws regulating removal of natural
resources from the ground and the discharge of materials into the
environment.&#160;&#160;Oil and gas operations are also subject to federal,
state, and local laws and regulations which seek to maintain health and safety
standards by regulating the design and use of drilling methods and
equipment.&#160;&#160;Various permits from government bodies are required for
drilling operations to be conducted; no assurance can be given that such permits
will be received.&#160;&#160;Environmental standards imposed by federal or local
authorities may be changed and any such changes may have material adverse
effects on the Company&#8217;s activities.&#160;&#160;Moreover, compliance with such
laws may cause substantial delays or require capital outlays in excess of those
anticipated, thus causing an adverse effect on the
Company.&#160;&#160;Additionally, the Company may be subject to liability for
pollution or other environmental damages which it may elect not to insure
against due to prohibitive premium costs and other reasons.&#160;&#160;To date
the Company has not been required to spend any material amount on compliance
with environmental regulations.&#160;&#160;However, it may be required to do so
in the future and this may affect its ability to expand or maintain its
operations.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Exploration
and Production Activities Are Subject to Environmental Regulations Which May
Prevent or Delay the Commencement or Continuance of the Company&#8217;s
Operations.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
general, the Company&#8217;s exploration and production activities are subject to
federal, state and local laws and regulations relating to environmental quality
and pollution control.&#160;&#160;Such laws and regulations increase the costs
of these activities and may prevent or delay the commencement or continuance of
a given operation.&#160;&#160;Compliance with these laws and regulations has not
had a material effect on the Company&#8217;s operations or financial condition to
date.&#160;&#160;Specifically, the Company is subject to legislation regarding
emissions into the environment, water discharges and storage and disposition of
hazardous wastes.&#160;&#160;In addition, legislation has been enacted which
requires well and facility sites to be abandoned and reclaimed to the
satisfaction of state authorities.&#160;&#160;However, such laws and regulations
are frequently changed and the Company is unable to predict the ultimate cost of
compliance.&#160;&#160;Generally, environmental requirements do not appear to
affect the Company any differently or to any greater or lesser extent than other
companies in the industry.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Company believes that its operations comply, in all material respects, with all
applicable environmental regulations.&#160;&#160;The Company&#8217;s operating
partners and the Company itself maintains insurance coverage customary to the
industry; however, it is not fully insured against all possible environmental
risks.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Exploratory
Drilling Involves Many Risks and the Company May Become Liable for Pollution or
Other Liabilities Which May Have an Adverse Effect on Its Financial
Position.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Drilling
operations generally involve a high degree of risk.&#160;&#160;Hazards such as
unusual or unexpected geological formations, power outages, labor disruptions,
blow-outs, sour gas leakage, fire, inability to obtain suitable or adequate
machinery, equipment or labor, and other risks are involved.&#160;&#160;The
Company may become subject to liability for pollution or hazards against which
it cannot adequately insure or which it may elect not to
insure.&#160;&#160;Incurring any such liability may have a material adverse
effect on its financial position and results of operations.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Any
Change to Government Regulation/Administrative Practices May Have a Negative
Impact on the Company&#8217;s Ability to Operate and Its Profitability.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The laws,
regulations, policies or current administrative practices of any government
body, organization or regulatory agency in the United States or any other
jurisdiction, may be changed, applied or interpreted in a manner which will
fundamentally alter the Company&#8217;s ability to carry on its business.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
actions, policies or regulations, or changes thereto, of any government body or
regulatory agency, or other special interest groups, may have a detrimental
effect on the Company.&#160;&#160;Any or all of these situations may have a
negative impact on the Company&#8217;s ability to operate and/or its
profitability.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
the Company Is Unable to Identify and Complete Future Acquisitions, It May Be
Unable to Continue Its Growth.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">A portion
of the Company&#8217;s growth has been due to acquisitions of producing
properties.&#160;&#160;It expects to continue to evaluate and, where
appropriate, pursue acquisition opportunities on terms it considers to be
favorable to it.&#160;&#160;However, it may not be able to identify suitable
acquisition opportunities.&#160;&#160;Even if the Company identifies favorable
acquisition targets, there is no guarantee that it can acquire them on
reasonable terms or at all.&#160;&#160;If the Company is unable to complete
attractive acquisitions, the growth that the Company has experienced recently
may decline.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
successful acquisition of producing properties requires an assessment of
recoverable reserves, exploration potential, future natural gas and crude oil
prices, operating costs, potential environmental and other liabilities and other
factors beyond the Company&#8217;s control.&#160;&#160;These assessments are inexact
and their accuracy inherently uncertain and such a review may not reveal all
existing or potential problems, nor will it necessarily permit the Company to
become sufficiently familiar with the properties to fully assess their merits
and deficiencies.&#160;&#160;Inspections may not always be performed on every
well, and structural and environmental problems are not necessarily observable
even when an inspection is undertaken.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
addition, significant acquisitions can change the nature of the Company&#8217;s
operations and business depending upon the character of the acquired properties,
which may be substantially different in operating and geological characteristics
or geographic location than its existing properties.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
the Company Is Unable to Retain the Services of Mr. Casey or if the Company Is
Unable to Successfully Recruit Qualified Managerial and Field Personnel Having
Experience in Oil and Gas Exploration, It May Not Be Able to Continue Its
Operations.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Company&#8217;s success depends to a significant extent upon the continued services of
Mr. Casey, the Company&#8217;s Chief Executive Officer and a director.&#160;&#160;Loss
of the services of Mr. Casey could have a material adverse effect on the
Company&#8217;s growth, revenues, and prospective business.&#160;&#160;The Company
does not have key-man insurance on the life of Mr. Casey.&#160;&#160;In
addition, in order to successfully implement and manage the Company&#8217;s business
plan, it will be dependent upon, among other things, successfully recruiting
qualified managerial and field personnel having experience in the oil and gas
exploration and production business.&#160;&#160;Competition for qualified
individuals is intense.&#160;&#160;There can be no assurance that the Company
will be able to find, attract and retain existing employees or that it will be
able to find, attract and retain qualified personnel on acceptable
terms.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Delays
in Obtaining Oil Field Equipment and Increasing Drilling and Other Service Costs
Could Adversely Affect the Company&#8217;s Ability to Pursue Its Drilling
Program.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Due to
the recent record high oil and gas prices, there is currently a high demand for
and a general shortage of drilling equipment and supplies.&#160;&#160;Higher oil
and natural gas prices generally stimulate increased demand and result in
increased prices for drilling equipment, crews and associated supplies,
equipment and services.&#160;&#160;The Company believes that these shortages
could continue.&#160;&#160;In addition, the costs and delivery times of
equipment and supplies are substantially greater now than in prior
periods.&#160;&#160;Accordingly, the Company cannot assure you that it will be
able to obtain necessary drilling equipment and supplies in a timely manner or
on satisfactory terms, and it may experience shortages of, or material increases
in the cost of, drilling equipment, crews and associated supplies, equipment and
services in the future.&#160;&#160;Any such delays and price increases could
adversely affect the Company&#8217;s ability to pursue its drilling
program.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Company&#8217;s Principal Stockholders, Officers and Directors Own a Controlling
Interest in the Company&#8217;s Voting Stock and Investors Will Not Have Any Voice in
the Company&#8217;s Management.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Company&#8217;s officers and directors, along with two additional stockholders, own
approximately 69.8% of all votes by its shareholders.&#160;&#160;As a result,
these stockholders, acting together, will have the ability to control
substantially all matters submitted to the Company&#8217;s stockholders for approval,
including:</font></div>
      <ul>
        <li>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">election of the board of directors;</div>
        </li>
        <li>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">removal of any of the directors;</div>
        </li>
        <li>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">amendment of the Company's certificate of incorporation or
  bylaws; and</div>
        </li>
        <li>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 107.95pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">adoption
  of measures that could delay or prevent a change in control or impede a
  merger, takeover or other business combination involving the
  Company.</font></div><a name="list" /></div>
        </li>
      </ul>
      <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As a
result of their ownership and positions, the Company&#8217;s directors, executive
officers and principal stockholders collectively are able to influence all
matters requiring stockholder approval, including the election of directors and
approval of significant corporate transactions.&#160;&#160;In addition, sales of
significant amounts of shares held by the Company&#8217;s directors and executive
officers, or the prospect of these sales, could adversely affect the market
price of the Company&#8217;s common stock.&#160;&#160;Management's stock ownership may
discourage a potential acquirer from making a tender offer or otherwise
attempting to obtain control of the Company, which in turn could reduce its
stock price or prevent its stockholders from realizing a premium over the
Company&#8217;s stock price.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman">Risks
Relating to the Company&#8217;s Current Financing Arrangement</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">There
Are a Large Number of Shares Underlying the Company&#8217;s Convertible Debentures and
Warrants That May Be Available for Future Sale and the Sale of These Shares May
Depress the Market Price of the Company&#8217;s Common Stock.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As of
April 11, 2008, there were 102,046,739 shares of common stock issued and
outstanding and convertible debentures outstanding that may be converted into an
estimated 41,666,680 shares of common stock and outstanding warrants to purchase
21,732,681 shares of common stock.&#160;&#160;The sale of these shares may
adversely affect the market price of the Company&#8217;s common stock.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Issuance of Shares Upon Conversion of the Convertible Debentures and Exercise of
Outstanding Warrants May Cause Immediate and Substantial Dilution to the
Company&#8217;s Existing Stockholders.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
issuance of shares upon conversion of the convertible debentures and exercise of
warrants may result in substantial dilution to the interests of other
stockholders since the selling stockholder may ultimately convert and sell the
full amount issuable on conversion.&#160;&#160;Although the debenture holder may
not convert its convertible debentures and/or exercise its warrants if such
conversion or exercise would cause it to own more than 4.99% of the Company&#8217;s
outstanding common stock, this restriction does not prevent the selling
stockholder from converting and/or exercising some of its holdings, selling
these shares and then converting the rest of its holdings.&#160;&#160;In this
way, the debenture holder could sell more than this limit while never holding
more than this limit.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
the Company Is Required for Any Reason to Repay Its Outstanding Secured
Convertible Debentures, It Would Be Required to Deplete Its Working Capital, if
Available, or Raise Additional Funds.&#160;&#160;The Company&#8217;s Failure to Repay
the Convertible Debentures, if Required, Could Result in Legal Action Against
It, Which Could Require the Sale of Substantial Assets.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In May
2007, the Company entered into a securities purchase agreement for the sale of
$7,000,000 principal amount of secured convertible debentures.&#160;&#160;The
secured convertible debentures are due and payable, with 9% interest, 30 months
from the date of issuance, unless sooner converted into shares of the Company&#8217;s
common stock.&#160;&#160;Any event of default such as the Company&#8217;s failure to
repay the principal or interest when due, its failure to issue shares of common
stock upon conversion by the holder, its failure to timely file a registration
statement or have such registration statement declared effective, breach of any
covenant, representation or warranty in the securities purchase agreement or
related secured convertible debentures, the assignment or appointment of a
receiver to control a substantial part of the Company&#8217;s properties or business,
the filing of a money judgment, writ or similar process against the company in
excess of $50,000, the commencement of a bankruptcy, insolvency, reorganization
or liquidation proceeding against the Company and the delisting of its common
stock could require the early repayment of the secured convertible debentures,
including a default interest rate on the outstanding principal balance of the
secured convertible debentures if the default is not cured within the specified
grace period.&#160;&#160;The Company anticipates that the full amount of the
secured convertible debentures will be converted into shares of its common
stock, in accordance with the terms of the secured convertible
debentures.&#160;&#160;If the Company were required to repay the secured
convertible debentures, it would be required to use its limited working capital
and raise additional funds.&#160;&#160;If the Company were unable to repay the
secured convertible debentures when required, the debenture holders could
commence legal action against it and foreclose on all of its assets to recover
the amounts due.&#160;&#160;Any such action would require the Company to curtail
or possibly cease operations.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
An Event of Default Occurs under the Securities Purchase Agreement, Secured
Convertible Debentures or Security Agreements, the Investor Could Take
Possession of All of the Company&#8217;s Goods, Inventory, Contractual Rights and
General Intangibles, Receivables, Documents, Instruments, Chattel Paper, and
Intellectual Property.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
connection with the securities purchase agreement, the Company executed a
security agreement in favor of the investor granting it a first priority
security interest in certain of its goods, inventory, contractual rights and
general intangibles, receivables, documents, instruments, chattel paper, and
intellectual property.&#160;&#160;The security agreement states that if an event
of default occurs under the securities purchase agreement, secured convertible
debentures or security agreement, the investor has the right to take possession
of the collateral, to operate the Company&#8217;s business using the collateral, and
has the right to assign, sell, lease or otherwise dispose of and deliver all or
any part of the collateral, at public or private sale or otherwise to satisfy
the Company&#8217;s obligations under these agreements.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman">Risks
Relating to the Company&#8217;s Common Stock</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
the Company Fails to Remain Current in Its Reporting Requirements, It Could Be
Removed From the OTC Bulletin Board Which Would Limit the Ability of
Broker-Dealers to Sell the Company&#8217;s Securities and the Ability of Stockholders
to Sell Their Securities in the Secondary Market.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Companies
trading on the OTC Bulletin Board, such as the Company, must be reporting
issuers under Section 12 of the Securities Exchange Act of 1934, as amended, and
must be current in their reports under Section 13, in order to maintain price
quotation privileges on the OTC Bulletin Board.&#160;&#160;If the Company fails
to remain current on its reporting requirements, it could be removed from the
OTC Bulletin Board.&#160;&#160;As a result, the market liquidity for the
Company&#8217;s securities could be severely adversely affected by limiting the
ability of broker-dealers to sell the Company&#8217;s securities and the ability of
stockholders to sell their securities in the secondary market.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Company&#8217;s Common Stock Is Subject to the "Penny Stock" Rules of the SEC and the
Trading Market in Its Securities Is Limited, Which Makes Transactions in the
Company&#8217;s Stock Cumbersome and May Reduce the Value of an Investment in the
Company&#8217;s Stock.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Securities and Exchange Commission has adopted Rule 15g-9 which establishes the
definition of a "penny stock," for the purposes relevant to the Company, as any
equity security that has a market price of less than $5.00 per share or with an
exercise price of less than $5.00 per share, subject to certain
exceptions.&#160;&#160;For any transaction involving a penny stock, unless
exempt, the rules require:</font></div>
      <ul>
        <li>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
            <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">that a
  broker or dealer approve a person's account for transactions in penny stocks;
  and</font></div>
          </div>
        </li>
        <li>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
            <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the
  broker or dealer receives from the investor a written agreement to the
  transaction, setting forth the identity and quantity of the penny stock to be
  purchased.</font></div>
            </div>
          </div>
        </li>
      </ul>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In order
to approve a person's account for transactions in penny stocks, the broker or
dealer must:</font></div>
      <ul>
        <li>
          <div style="DISPLAY: block; TEXT-INDENT: 0pt">
            <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">obtain
  financial information and investment experience objectives of the person;
  and</font></div>
          </div>
        </li>
        <li>
          <div style="DISPLAY: block; TEXT-INDENT: 0pt">
            <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">make a
  reasonable determination that the transactions in penny stocks are suitable
  for that person and the person has sufficient knowledge and experience in
  financial matters to be capable of evaluating the risks of transactions in
  penny stocks.</font></div>
            </div>
          </div>
        </li>
      </ul>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
broker or dealer must also deliver, prior to any transaction in a penny stock, a
disclosure schedule prescribed by the Commission relating to the penny stock
market, which, in highlight form:</font></div>
      <ul>
        <li>
          <div style="DISPLAY: block; TEXT-INDENT: 0pt">
            <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">sets
  forth the basis on which the broker or dealer made the suitability
  determination; and</font></div>
          </div>
        </li>
        <li>
          <div style="DISPLAY: block; TEXT-INDENT: 0pt">
            <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">that
  the broker or dealer received a signed, written agreement from the investor
  prior to the transaction.</font></div>
            </div>
          </div>
        </li>
      </ul>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Generally,
brokers may be less willing to execute transactions in securities subject to the
"penny stock" rules.&#160;&#160;This may make it more difficult for investors to
dispose of the Company&#8217;s common stock and cause a decline in the market value of
its stock.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Disclosure
also has to be made about the risks of investing in penny stocks in both public
offerings and in secondary trading and about the commissions payable to both the
broker-dealer and the registered representative, current quotations for the
securities and the rights and remedies available to an investor in cases of
fraud in penny stock transactions.&#160;&#160;Finally, monthly statements have
to be sent disclosing recent price information for the penny stock held in the
account and information on the limited market in penny stocks.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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          <div style="WIDTH: 100%; TEXT-ALIGN: center">
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      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">WHERE
YOU CAN FIND MORE INFORMATION</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Company files annual, quarterly and current reports, proxy statements and other
information with the Securities and Exchange Commission (the &#8220;Commission&#8221;). You
can inspect, read and copy these reports, proxy statements and other information
at the public reference facilities the Commission maintains at Room 1024, 450
Fifth Street, N.W., Judiciary Plaza, Washington, D.C. 20549.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">You can
also obtain copies of these materials at prescribed rates by writing to the
Public Reference Section of the SEC at 450 Fifth Street, N.W., Washington, D.C.
20549. You can obtain information on the operation of the public reference
facilities by calling the SEC at 1-800-SEC-0330. The Commission also maintains a
web site <font style="DISPLAY: inline; TEXT-DECORATION: underline">http://www.sec.gov</font>
that makes available reports, proxy statements and other information regarding
issuers that file electronically with it.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We have
filed with the SEC a Registration Statement on Form S-8 under the Securities Act
of 1933, as amended, to register with the SEC the shares of our common stock
described in this Resale Prospectus. This Resale Prospectus is part of that
Registration Statement and provides you with a general description of the Shares
being registered, but does not include all of the information you can find in
the Registration Statement or the exhibits. You should refer to the Registration
Statement and its exhibits for more information about us and the Shares being
registered.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><a name="gmnh102"><br></a></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">INCORPORATION
OF CERTAIN DOCUMENTS BY REFERENCE</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The SEC
allows us to &#8220;incorporate by reference&#8221; information into this Resale Prospectus,
which means that we can disclose important information to you by referring to
another document filed separately by us with the SEC. The information
incorporated by reference is deemed to be part of this Resale Prospectus, except
for information superseded by this prospectus. This Resale Prospectus
incorporates by reference the documents set forth below that we have previously
filed with the SEC as of their respective filing dates. These documents contain
important information about us and our finances.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
            <tr valign="top">
              <td align="right" style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(1)&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company's Annual Report on Form 10-KSB for the fiscal year ended December
      31, 2007, filed on April 15, 2008;</font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
            <tr valign="top">
              <td align="right" style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(2)&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Quarterly
      Reports on Form 10-QSB for the quarters ended March 31, 2007, filed on May
      16, 2007, as amended on October 7, 2007; June 30, 2007, filed on August
      16, 2007, as amended on October 9, 2007; and September 30, 2007, filed on
      November 14, 2007;</font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
            <tr valign="top">
              <td align="right" style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(3)&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Current
      Reports on Form 8-K, filed on January 16, 2008; January 18, 2008; February
      21, 2008, February 26, 2008, as amended on February 29, 2008; and March
      14, 2008.</font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">*&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;All
documents filed by Striker Oil &amp; Gas, Inc. with the SEC pursuant to
Sections&#160;13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934,
as amended, subsequent to the date of this Registration Statement and prior to
the termination of the offering to which it relates shall be deemed to be
incorporated by reference into this Registration Statement and to be a part
hereof from the date of filing of such documents. Any statement contained herein
or in a document incorporated by reference or deemed to be incorporated by
reference herein shall be deemed to be modified or superseded for purposes of
this Registration Statement to the extent that the statement is modified or
superseded by any other subsequently filed document which is incorporated or is
deemed to be incorporated by reference herein. Any statement so modified or
superseded shall not be deemed, except as so modified or superseded, to
constitute a part of this Registration Statement. Nothing in this Registration
Statement shall be deemed to incorporate information furnished by us but not
filed with the SEC pursuant to Items 2.02, 7.01 or 9.01 of Form
8-K.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
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        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
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      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">NOTE
REGARDING FORWARD LOOKING STATEMENTS</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Included
in this Resale Prospectus are &#8220;forward-looking&#8221; statements, as well as
historical information.&#160; Although we believe that the expectations
reflected in these forward-looking statements are reasonable, we can give no
assurance that the expectations reflected in these forward-looking statements
will prove to be correct. Our actual results could differ materially from those
anticipated in forward-looking statements as a result of certain factors,
including matters described in the section titled &#8220;Risk Factors.&#8221;&#160;
Forward-looking statements include those that use forward-looking terminology,
such as the words &#8220;anticipate,&#8221; &#8220;believe,&#8221; &#8220;estimate,&#8221; &#8220;expect,&#8221; &#8220;intend,&#8221;
&#8220;may,&#8221; &#8220;project,&#8221; &#8220;plan,&#8221; &#8220;will,&#8221; &#8220;shall,&#8221; &#8220;should,&#8221; and similar expressions,
including when used in the negative.&#160; Although we believe that the
expectations reflected in these forward-looking statements are reasonable and
achievable, these statements involve risks and uncertainties and no assurance
can be given that actual results will be consistent with these forward-looking
statements.&#160; Important factors that could cause our actual results,
performance or achievements to differ from these forward-looking statements
include the factors described in the &#8220;Risk Factors&#8221; section and elsewhere in
this Resale Prospectus.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">All
forward-looking statements attributable to us are expressly qualified in their
entirety by these and other factors.&#160; We undertake no obligation to update
or revise these forward-looking statements, whether to reflect events or
circumstances after the date initially filed or published, to reflect the
occurrence of unanticipated events or otherwise.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Any
investment in our securities involves a high degree of risk.&#160;&#160;You
should carefully consider the following information about these risks, together
with the other information contained in this prospectus, before you decide to
buy our securities.</font><a name="FIS_PROPERTIES" /></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
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        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
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          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">USE
OF PROCEEDS</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We will
not receive any proceeds from the sale of shares which may be sold pursuant to
this Resale Prospectus for the respective accounts of the selling stockholders.
All such proceeds, net of brokerage commissions, if any, will be received by the
selling stockholders. See &#8220;Selling Stockholders&#8221; and &#8220;Plan of Distribution.&#8221;<a name="gmnh106" /></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">DILUTION</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Dilution
represents the difference between the offering price and the <a name="jump_exp_7">net</a><a name="jump_exp_8"> tangible </a><a name="jump_exp_9">book
</a><a name="jump_exp_10">value </a><a name="jump_exp_11">per </a><a name="jump_exp_12">share immediately after completion of this offering. Net
tangible book value is the amount that results from subtracting total
liabilities and intangible assets from total assets. Dilution arises mainly as a
result of our arbitrary determination of the offering price of the shares being
offered. Dilution of the value of the shares you purchase is also a result of
the lower book value of the shares held by our existing
shareholders.</a></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As of
December 31, 2007, the net tangible book value of our common stock was
(3,494,782) or (0.171) per share, based upon 20,409,348 shares outstanding on
April 15, 2008, giving affect to the one for five reverse split.&#160;&#160;Due
to the nature of the 2007 Stock Option Plan, the purchase price paid by our
officer, directors, employees and consultants under the 2007 Stock Option Plan
is variable, as is the purchase price paid by the public upon the resale by our
officer, directors, employees and consultants of our common
stock.&#160;&#160;&#160;The following tables show the dilution based upon a
resale price of our common stock at $0.10 per share.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Without
taking into account any changes in the pro forma net tangible book value prior
to the this offering, other than to give effect to the issuance of 1,200,000
shares at an offering price of $0.10 per share (based upon the closing price of
our common stock on April 15, 2008) and the application of the net proceeds of
$12,000, the pro forma net tangible book value of the Company&#8217;s common stock
after this offering will be $(3,482,782) or $(0.17) per share. Consequently,
based on the above assumptions, the purchasers of the common stock offered
hereby will sustain an immediate substantial dilution (i.e., the difference
between the purchase price of $0.10 per share of common stock and the net
tangible book value per share) after the offering of $0.270 per share. The
following table illustrates such dilution:</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Per Share
Price ......&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;..&#8230;&#8230;&#8230;&#8230;&#8230;$ 0.100</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Per Share
Pro Forma Net Tangible Book Value before the Offering &#8230;&#8230;..$ (0.171)</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Per Share
Increase Attributable to New Investors&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;$ 0.002</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Per Share
Pro Forma Net Tangible Book Value After the Offering &#8230;&#8230;&#8230;.$ (0.170)</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Per Share
Dilution to New Investors &#8230;.&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;..&#8230;$ 0.270</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
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          </div>
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          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SELLING
STOCKHOLDERS</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
selling stockholders will be our current or future officers, directors,
consultants&#160;and employees who acquire shares of our common stock pursuant
to the Plan and are considered our &#8220;affiliates&#8221; as that term is defined in the
federal securities laws. The selling stockholders may from time to time resell
all, a portion, or none of the shares of our common stock covered by this Resale
Prospectus.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As of the
date of this Prospectus, no shares of common stock were subject to existing
options under the Plan, and 1,200,000 were available for future
grants.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
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          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">PLAN
OF DISTRIBUTION</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Shares may be sold from time to time by the selling stockholders, or by
pledgees, donees, transferees or other successors in interest. Such sales may be
made on one or more exchanges or in the over-the-counter market, or otherwise,
at prices and at terms then prevailing or at prices related to the then current
market price, or in negotiated transactions. The shares may be sold by one or
more of the following, without limitation:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
            <tr valign="top">
              <td align="right" style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">a
      block trade in which the broker or dealer so engaged will attempt to sell
      the shares as agent but may position and resell a portion of the block as
      principal to facilitate the
transaction;</font></div>
              </td>
            </tr>
        </table>
      </div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
            <tr valign="top">
              <td align="right" style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">purchases
      by a broker or dealer as principal and resale by such broker or dealer or
      for its account pursuant to the Resale Prospectus, as
      supplemented;</font></div>
              </td>
            </tr>
        </table>
      </div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
            <tr valign="top">
              <td align="right" style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">an
      exchange distribution in accordance with the rules of such exchange;
      and</font></div>
              </td>
            </tr>
        </table>
      </div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
            <tr valign="top">
              <td align="right" style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(d)&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ordinary
      brokerage transactions and transactions in which the broker solicits
      purchasers.</font></div>
              </td>
            </tr>
        </table>
      </div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
            <tr valign="top">
              <td align="right" style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(e)&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the
      selling stockholder and sales to and through other broker-dealers or
      agents that participate with the selling stockholder in the sale of the
      shares may be deemed to be &#8220;underwriters&#8221; within the meaning of the
      Securities Act in connection with these sales. In that event, any
      commissions received by the broker-dealers or agents and any profit on the
      resale of the Shares purchased by them may be deemed to be underwriting
      commissions or discounts under the Securities
  Act.</font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
addition, any securities covered by this Resale Prospectus that qualify for sale
pursuant to Rule&#160;144 may be sold under Rule&#160;144 rather than pursuant
to this Resale Prospectus, as supplemented. From time to time, the selling
stockholder may engage in short sales, short sales against the box, puts and
calls and other transactions in our securities or derivatives thereof, and may
sell and deliver the shares in connection therewith. Sales may also take place
from time to time through brokers pursuant to pre-arranged sales plans intended
to qualify under SEC Rule 10b5-1.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;There
is no assurance that the selling stockholder will sell all or any portion of the
shares covered by this Resale Prospectus.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">All
expenses of registration of the common stock, other than commissions and
discounts of underwriters, dealers or agents, shall be borne by us. As and when
we are required to update this Resale Prospectus, we may incur additional
expenses.<a name="gmnh108" /></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">DESCRIPTION
OF SECURITIES TO BE REGISTERED</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">General</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>We are authorized to issue 450,000,000
shares of common stock, $.001 par value, and 25,000,000 shares of preferred
stock, $0.001 par value.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Common
Stock</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>As of April 15, 2008, there were
20,409,348 shares of common stock issued and outstanding that was held of record
by approximately 5,100 stockholders.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>The holders of common stock are
entitled to one vote per share with respect to all matters required by law to be
submitted to stockholders.&#160;&#160;The holders of common stock have the sole
right to vote, except as otherwise provided by law or by our certificate of
incorporation, including provisions governing any preferred
stock.&#160;&#160;The common stock does not have any cumulative voting,
preemptive, subscription or conversion rights.&#160;&#160;Election of directors
and other general stockholder action requires the affirmative vote of a majority
of shares represented at a meeting in which a quorum is
represented.&#160;&#160;The outstanding shares of common stock are validly
issued, fully paid and non-assessable.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>Subject to the rights of any
outstanding shares of preferred stock, the holders of common stock are entitled
to receive dividends, if declared by our board of directors out of funds legally
available.&#160;&#160;In the event of liquidation, dissolution or winding up of
the affairs of Striker Oil &amp; Gas, the holders of common stock are entitled
to share ratably in all assets remaining available for distribution to them
after payment or provision for all liabilities and any preferential liquidation
rights of any preferred stock then outstanding.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Nevada
anti-takeover statue and charter provisions.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-STYLE: italic">Nevada anti-takeover
statue</font>.&#160;&#160;Nevada&#8217;s &#8220;Business Combinations&#8221; statute, Sections
78.411 through 78.444 of the Nevada Revised Statutes, which applies to Nevada
corporations having at least 200 shareholders which have not opted-out of the
statute, prohibits an &#8220;interested shareholder&#8221; from entering into a
&#8220;combination&#8221; with the corporation, unless certain conditions are met. A
&#8220;combination&#8221; includes (a)&#160;any merger or consolidation with an &#8220;interested
shareholder&#8221;, or any other corporation which is or after the merger or
consolidation would be, an affiliate or associate of the interested shareholder,
(b)&#160;any sale, lease, exchange, mortgage, pledge, transfer or other
disposition of assets, in one transaction or a series of transactions, to or
with an &#8220;interested shareholder,&#8221; having (i)&#160;an aggregate market value
equal to 5% or more of the aggregate market value of the corporation&#8217;s assets
determined on a consolidated basis, (ii)&#160;an aggregate market value equal to
5% or more of the aggregate market value of all outstanding shares of the
corporation or (iii)&#160;representing 10% or more of the earning power or net
income of the corporation determined on a consolidated basis, (c)&#160;any
issuance or transfer of shares of the corporation or its subsidiaries, to any
interested shareholder, having an aggregate market value equal to 5% or more of
the aggregate market value of all the outstanding shares of the corporation,
except under the exercise of warrants or rights to purchase shares offered, or a
dividend or distribution paid or made pro rata to all shareholders of the
corporation, (d)&#160;the adoption of any plan or proposal for the liquidation
or dissolution of the corporation proposed by or under any agreement,
arrangement or understanding, whether or not in writing, with the &#8220;interested
shareholder,&#8221; (e)&#160;certain transactions which would have the effect of
increasing the proportionate share of outstanding shares of the corporation
owned by the &#8220;interested shareholder,&#8221; or (f)&#160;the receipt of benefits,
except proportionately as a shareholder, of any loans, advances or other
financial benefits by an &#8220;interested shareholder&#8221;.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">An
interested shareholder is a person who (i)&#160;directly or indirectly
beneficially owns 10% or more of the voting power of the outstanding voting
shares of the corporation or (ii)&#160;an affiliate or associate of the
corporation which at any time within three years before the date in question was
the beneficial owner, directly or indirectly, of 10% or more of the voting power
of the then outstanding shares of the corporation.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">A
corporation to which the statute applies may not engage in a combination within
three years after the interested shareholder acquired its shares, unless the
combination or the interested shareholder&#8217;s acquisition of shares was approved
by the board of directors before the interested shareholder acquired the shares.
If this approval was not obtained, then after the three-year period expires, the
combination may be consummated if all the requirements in the corporation&#8217;s
Articles of Incorporation are met and either (a)(i) the board of directors of
the corporation approves, prior to the &#8220;interested shareholder&#8217;s&#8221; date of
acquiring shares, or as to which the purchase of shares by the &#8220;interested
shareholder&#8221; has been approved by the corporation&#8217;s board of directors before
that date or (ii)&#160;the combination is approved by the affirmative vote of
holders of a majority of voting power not beneficially owned by the &#8220;interested
shareholder&#8221; at a meeting called no earlier than three years after the date the
&#8220;interested shareholder&#8221; became such or (b)&#160;the aggregate amount of cash
and the market value of consideration other than cash to be received by holders
of common shares and holders of any other class or series of shares meets the
minimum requirements set forth in Sections 78.411 through 78.443 of the Nevada
Revised Statutes, inclusive, and prior to the consummation of the combination,
except in limited circumstances, the &#8220;interested shareholder&#8221; will not have
become the beneficial owner of additional voting shares of the
corporation.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Nevada
law permits a Nevada corporation to &#8220;opt out&#8221; of the application of the Business
Combinations statute by inserting a provision doing so in its original Articles
of Incorporation or Bylaws. We have not inserted such a provision our Articles
of Incorporation or our Bylaws. The Articles may be amended at any time to
subject us to the effect of the &#8220;Business Combinations&#8221; statutes. Under Nevada
law, our Articles of Incorporation may be amended pursuant to a resolution
adopted by our Board of Directors and ratified by a vote of a majority of the
voting power of our outstanding voting stock.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Nevada&#8217;s
&#8220;Control Share Acquisition&#8221; statute, Sections 78.378 through 78.3793 of the
Nevada Revised Statutes, prohibits an acquirer, under certain circumstances,
from voting shares of a target corporation&#8217;s stock after crossing certain
threshold ownership percentages, unless the acquirer obtains the approval of the
target corporation&#8217;s shareholders. The statute specifies three thresholds: at
least one-fifth but less than one-third, at least one-third but less than a
majority, and a majority or more, of all the outstanding voting power. Once an
acquirer crosses one of the above thresholds, shares, which it acquired in the
transaction taking it over the threshold or within ninety days, become &#8220;Control
Shares&#8221; which are deprived of the right to vote until a majority of the
disinterested shareholders restore that right. A special shareholders&#8217; meeting
may be called at the request of the acquirer to consider the voting rights of
the acquirer&#8217;s shares no more than 50 days (unless the acquirer agrees to a
later date) after the delivery by the acquirer to the corporation of an
information statement which sets forth the range of voting power that the
acquirer has acquired or proposes to acquire and certain other information
concerning the acquirer and the proposed control share acquisition. If no such
request for a shareholders&#8217; meeting is made, consideration of the voting rights
of the acquirer&#8217;s shares must be taken at the next special or annual
shareholders&#8217; meeting. If the shareholders fail to restore voting rights to the
acquirer or if the acquirer fails to timely deliver an information statement to
the corporation, then the corporation may, if so provided in its Articles of
Incorporation or Bylaws, call certain of the acquirer&#8217;s shares for redemption.
The Control Share Acquisition statute also provides that the shareholders who do
not vote in favor of restoring voting rights to the Control Shares may demand
payment for the &#8220;fair value&#8221; of their shares (which is generally equal to the
highest price paid in the transaction subjecting the shareholder to the
statute).</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Control Share Acquisition statute only applies to Nevada corporations with at
least 200 shareholders, including at least 100 shareholders who have addresses
in Nevada appearing on the stock ledger of the corporation, and which do
business directly or indirectly in Nevada. We do not have at least 100
shareholders who have addresses in Nevada appearing on our stock ledger.
Therefore, the Control Share Acquisition statute does not currently apply to us.
If the &#8220;Business Combination&#8221; statute and/or the &#8220;Control Share Acquisition&#8221;
statute become applicable to us in the future, the cumulative effect of these
terms may be to make it more difficult to acquire and exercise control over us
and to make changes in management more difficult.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-STYLE: italic">Certificate of
incorporation</font>.&#160;&#160;Our certificate of incorporation provides for
the authorization of our board of directors to issue, without further action by
the stockholders, up to 25,000,000 shares of preferred stock in one or more
series and to fix the rights, preferences, privileges and restrictions on the
preferred stock.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>These provisions are intended to
enhance the likelihood of continuity and stability in the composition of our
board of directors and in the policies formulated by our board of directors and
to discourage transactions that may involve an actual or threatened change of
control of Striker Oil &amp; Gas, Inc.&#160;&#160;These provisions are designed
to reduce the vulnerability of Striker Oil &amp; Gas, Inc. to an unsolicited
proposal for a takeover of Striker Oil &amp; Gas, Inc.&#160;&#160;However, these
provisions could discourage potential acquisition proposals and could delay or
prevent a change in control of Striker Oil &amp; Gas, Inc.&#160;&#160;These
provisions may also have the effect of preventing changes in the management of
Striker Oil &amp; Gas, Inc<font style="DISPLAY: inline; FONT-WEIGHT: bold">.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">LEGAL
MATTERS</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
validity of the common stock issuable under the Plan has been passed upon for us
by Brewer &amp; Pritchard, PC.&#160;&#160;Thomas Pritchard has received shares
of common stock in lieu of cash for past services rendered and in the future may
receive shares of common stock for services rendered.&#160;&#160;Neither Thomas
Pritchard nor Brewer &amp; Pritchard currently own any shares of the Company&#8217;s
common stock.<font style="DISPLAY: inline; FONT-SIZE: 10pt">&#160;</font>Neither
Thomas C. Pritchard, nor the law firm of Brewer &amp; Pritchard has been
employed on a contingent basis. &#160;Other than the shares of Company common
stock to be issued, neither Mr. Pritchard nor Brewer &amp; Pritchard has or is
to receive a substantial interest direct or indirect in Registrant, nor are
either of them connected with Registrant other than in their role as outside
legal counsel for the Company.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">EXPERTS</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
financial statements&#160;incorporated in this Prospectus by reference to the
Annual Report on Form 10-KSB for the year ended December 31, 2007 have been so
incorporated in reliance on the report of Malone &amp; Bailey, an independent
registered public accounting firm, given on the authority of said firm as
experts in auditing and accounting.</font></div><br>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
        </div>
      </div><br>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">PART
II</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt">ITEM
3.</font>&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt">INCORPORATION OF
DOCUMENTS BY REFERENCE</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
following documents filed by Striker Oil &amp; Gas, Inc. (&#8220;the Company&#8221;) with
the Securities and Exchange Commission (&#8220;SEC&#8221;) are incorporated in this Form S-8
by reference:</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
            <tr valign="top">
              <td align="right" style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(1)&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company's Annual Report on Form 10-KSB for the fiscal year ended December
      31, 2007, filed on April 15, 2008;</font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
            <tr valign="top">
              <td align="right" style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(2)&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Quarterly
      Reports on Form 10-QSB for the quarters ended March 31, 2007, filed on May
      16, 2007, as amended on October 7, 2007; June 30, 2007, filed on August
      16, 2007, as amended on October 9, 2007; and September 30, 2007, filed on
      November 14, 2007;</font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
            <tr valign="top">
              <td align="right" style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(3)&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Current
      Reports on Form 8-K, filed on January 16, 2008; January 18, 2008; February
      21, 2008, February 26, 2008, as amended on February 29, 2008; and March
      14, 2008.</font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
            <tr valign="top">
              <td align="right" style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(4)&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      description of the Company's common stock contained in the Company's Form
      10-SB filed September 27, 1999 (File No. 000-27467; Accession Number
      0000890566-99-001311), including any amendment or report filed for the
      purpose of updating such
description.</font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">*&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;All
documents filed by Striker Oil &amp; Gas, Inc., with the SEC pursuant to
Sections&#160;13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934,
as amended, subsequent to the date of this Registration Statement and prior to
the termination of the offering to which it relates shall be deemed to be
incorporated by reference into this Registration Statement and to be a part
hereof from the date of filing of such documents. Any statement contained herein
or in a document incorporated by reference or deemed to be incorporated by
reference herein shall be deemed to be modified or superseded for purposes of
this Registration Statement to the extent that the statement is modified or
superseded by any other subsequently filed document which is incorporated or is
deemed to be incorporated by reference herein. Any statement so modified or
superseded shall not be deemed, except as so modified or superseded, to
constitute a part of this Registration Statement. Nothing in this Registration
Statement shall be deemed to incorporate information furnished by us but not
filed with the SEC pursuant to Items 2.02, 7.01 or 9.01 of Form
8-K.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt">ITEM
4.</font>&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt">DESCRIPTION OF
SECURITIES</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Our
common stock is registered under Section 12(g) of the Securities Exchange Act of
1934 and is listed on the Over-The-Counter Bulletin Board under the symbol
&#8220;UNCI.&#8221;</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt">ITEM 5. </font><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt">INTERESTS OF NAMED
EXPERTS AND COUNSEL</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The law
firm of Brewer &amp; Pritchard, of which Thomas C. Pritchard is a member, has
provided legal advice to the Registrant, and has also, rendered a legal opinion
attached hereto as an Exhibit, as to the validity and due issuance of the shares
of the Company&#8217;s common stock to be issued and registered hereby. Brewer &amp;
Pritchard does not currently own any shares of the Company&#8217;s common stock;
however, the Company will from time to time issue shares of its common stock to
Brewer &amp; Pritchard or Thomas C. Pritchard as payment for legal services
rendered. &#160;Neither Thomas C. Pritchard, nor the law firm of Brewer &amp;
Pritchard has been employed on a contingent basis. &#160;Other than the shares
of Company common stock to be issued, neither Mr. Pritchard nor Brewer &amp;
Pritchard has or is to receive a substantial interest direct or indirect in
Registrant, nor are either of them connected with Registrant other than in their
role as outside legal counsel for the Company.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt">ITEM 6. </font><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt">INDEMNIFICATION OF
DIRECTORS AND OFFICERS</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Company&#8217;s officers and directors are indemnified as provided by the Nevada
Revised Statutes and the Company&#8217;s bylaws.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Under the
Nevada Revised Statutes, director immunity from liability to a company or its
shareholders for monetary liabilities applies automatically unless it is
specifically limited by a company&#8217;s Articles of Incorporation, the Bylaws or by
Agreement. The Articles of Incorporation do not specifically limit the
directors&#8217; liability; however the Bylaws specify the extent and nature of any
liability of directors, as detailed below. There are currently no agreements in
effect, which would limit such liability. Excepted from that immunity are: (a) a
willful failure to deal fairly with the company or its shareholders in
connection with a matter in which the director has a material conflict of
interest; (b) a violation of criminal law, unless the director had reasonable
cause to believe that his or her conduct was lawful or no reasonable cause to
believe that his or her conduct was unlawful; (c) a transaction from which the
director derived an improper personal profit; and (d) willful
misconduct.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Our
bylaws provide that the Company will indemnify the directors and officers to the
fullest extent not prohibited by Nevada law; provided, however, that the Company
may modify the extent of such indemnification by individual contracts with the
directors and officers; and, provided, further, that we shall not be required to
indemnify any director or officer in connection with any proceeding, or part
thereof, initiated by such person unless such indemnification: (a) is expressly
required to be made by law, (b) the proceeding was authorized by the board of
directors, (c) is provided by us, in our sole discretion, pursuant to the powers
vested us under Nevada law or (d) is required to be made pursuant to the
bylaws.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Company&#8217;s bylaws provide that the Company will advance to any person who was or
is a party or is threatened to be made a party to any threatened, pending or
completed action, suit or proceeding, whether civil, criminal, administrative or
investigative, by reason of the fact that he is or was a director or officer, of
the company, or is or was serving at the request of the company as a director or
executive officer of another company, partnership, joint venture, trust or other
enterprise, prior to the final disposition of the proceeding, promptly following
request therefore, all expenses incurred by any director or officer in
connection with such proceeding upon receipt of an undertaking by or on behalf
of such person to repay said amounts if it should be determined ultimately that
such person is not entitled to be indemnified under the bylaws or
otherwise.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Company&#8217;s bylaws provide that no advance shall be made by it to an officer of
the company, except by reason of the fact that such officer is or was a director
of the Company in which event this paragraph shall not apply, in any action,
suit or proceeding, whether civil, criminal, administrative or investigative, if
a determination is reasonably and promptly made: (a) by the board of directors
by a majority vote of a quorum consisting of directors who were not parties to
the proceeding, or (b) if such quorum is not obtainable, or, even if obtainable,
a quorum of disinterested directors so directs, by independent legal counsel in
a written opinion, that the facts known to the decision-making party at the time
such determination is made demonstrate clearly and convincingly that such person
acted in bad faith or in a manner that such person did not believe to be in or
not opposed to the best interests of the Company. Insofar as indemnification for
liabilities arising under the Securities Act of 1933 may be permitted to
directors, officers or persons controlling an issuer pursuant to the foregoing
provisions, the opinion of the Commission is that such indemnification is
against public policy as expressed in the Securities Act of 1933 and is
therefore unenforceable.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt">ITEM
7.</font>&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt">EXEMPTION FROM
REGISTRATION CLAIMED</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Not
applicable.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt">ITEM
8.</font>&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt">EXHIBITS</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 72pt"></font><font style="DISPLAY: inline; TEXT-DECORATION: underline">Exhibit
No.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; TEXT-DECORATION: underline">Identification of
Exhibit</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 108pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;4.1</font></div>
              </td>
              <td>
                <div style="TEXT-INDENT: 9pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>2007 Stock
      Option Plan</font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="TEXT-INDENT: 9pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="TEXT-INDENT: 9pt">
            <tr valign="top" style="TEXT-INDENT: 9pt;">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 108pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;5.1</font></div>
              </td>
              <td>
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>Opinion of
      Brewer &amp; Pritchard, P.C.</font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;</font>23.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;</font></font>Consent of Brewer &amp;
Pritchard, P.C. *</font></div>
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Independent Auditor</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">_____________________</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">* I<font style="DISPLAY: inline; FONT-SIZE: 10pt">ncluded in its opinion filed as Exhibit
5.1</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt">ITEM
9.</font>&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt">UNDERTAKINGS</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The
undersigned Registrant hereby undertakes:</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(1)</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">To
      file, during any period in which offers or sales are being made, a
      post-effective amendment to this registration
  statement:</font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 90pt"></font>i.&#160;&#160;&#160;&#160;&#160;&#160;To
include any prospectus required by Section 10(a) (3) of the Act;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 90pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 18pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ii.</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">To
      reflect in the prospectus any facts or events arising after the effective
      date of the Registration Statement (or the most recent post-effective
      amendment thereof) which, individually or in the aggregate, represent a
      fundamental change in the information set forth in the Registration
      Statement.&#160;&#160;Notwithstanding the foregoing, any increase or
      decrease in volume of securities offered (if the total dollar value of
      securities offered would not exceed that which was registered) and any
      deviation from the low or high and of the estimated maximum offering range
      may be reflected in the form of prospectus filed with the Commission
      pursuant to Rule 424(b) if, in the aggregate, the changes in volume and
      price represent no more than 20 percent change in the maximum aggregate
      offering price set forth in the &#8220;Calculation of Registration Fee&#8221; table in
      the effective registration statement;
and</font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 54pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 54pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;&#160;&#160;
      iii.</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">To
      include any material information with respect to the plan of distribution
      not previously disclosed in the registration statement or any material
      change to such information in the registration
  statement.</font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 108pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Provided,
however, that paragraphs (a) (1) (i) and (ii) do not apply if the registration
statement is on Form S-3 or Form S-8, and the information required to be
included in a post-effective amendment by those paragraphs is contained in
periodic reports filed with or furnished to the Commission by the registrant
pursuant to Section 13 or 15(d) of the Exchange Act that are incorporated by
reference in the registration statement.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(2)</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">That,
      for the purpose of determining any liability under the Securities Act,
      each such post-effective amendment shall be deemed to be a new
      registration statement relating to the securities offered therein, and the
      offering of such securities at that time shall be deemed to be the initial
      bona fide offering thereof.</font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(3)</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">To
      remove from registration by means of a post-effective amendment any of the
      securities being registered which remain unsold at the termination of the
      offering.</font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      undersigned Registrant hereby undertakes that, for purposes of determining
      liability under the Securities Act, each filing of the Registrant&#8217;s annual
      report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where
      applicable, each filing of an employee benefit plan&#8217;s annual report
      pursuant to Section 15(d) of the Exchange Act) that is incorporated by
      reference in the registration statement shall be deemed to be a new
      registration statement relating to the securities offered therein, and the
      offering of such securities at that time shall be deemed to be the initial
      bona&#160;fide offering thereof.</font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Insofar
      as indemnification for liabilities arising under the Securities Act may be
      permitted to directors, officers and controlling persons of the Registrant
      pursuant to the provisions described in Item 6 above, or otherwise, the
      Registrant has been advised that in the opinion of the Securities and
      Exchange Commission such indemnification is against public policy as
      expressed in the Securities Act and is, therefore,
      unenforceable.&#160;&#160;In the event that a claim for indemnification
      against such liabilities (other than the payment by the Registrant of
      expenses incurred or paid by a director, officer or controlling person of
      the Registrant in the successful defense of any action, suit or
      proceeding) is asserted by such director, officer or controlling person in
      connection with the securities being registered, the Registrant will,
      unless in the opinion of its counsel the matter has been settled by
      controlling precedent, submit to a court of appropriate jurisdiction the
      question whether such indemnification by it is against public policy as
      expressed in the Securities Act and will be governed by the final
      adjudication of such issue.</font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div><br>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SIGNATURES</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
to the requirements of the Securities Act of 1933, the Registrant certifies that
it has reasonable grounds to believe that it meets all of the requirements for
filing on Form S-8 and has duly caused this registration statement to be signed
on its behalf by the undersigned, thereunto duly authorized, in Houston, Texas
on this 30th day of April, 2008.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">STRIKER
OIL &amp; GAS, INC., INC.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 216pt"></font>By:&#160; <font style="TEXT-DECORATION: underline">/S/ Kevan Casey&#160;&#160;&#160;&#160;
</font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 228pt"></font>&#160;&#160;Kevan Casey, Chief
Executive Officer</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
to the requirements of the Securities Act of 1933, this registration statement
has been signed by the following persons in the capacities indicated on this
30<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: super">th</font>
day of April, 2008.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" width="100%">
            <tr>
              <td valign="top" width="25%" style="BORDER-TOP: black 0.5pt solid; BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline">Signature</font></font></div>
              </td>
              <td valign="top" width="35%" style="BORDER-TOP: black 0.5pt solid; BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline">Title</font></font></div>
              </td>
              <td valign="top" width="14%" style="BORDER-TOP: black 0.5pt solid; BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline">Date</font></font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="TEXT-DECORATION: underline">/S/ Kevan Casey&#160;&#160;&#160;&#160;
      </font></font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Kevan
      Casey</font></div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              </td>
              <td valign="top" width="35%" style="BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Chief
      Executive Officer &amp;</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Chairman
      of the Board</font></div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              </td>
              <td valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">April
      30, 2008</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="TEXT-DECORATION: underline">/S/ Steven M.
      Plum&#160;&#160;&#160;&#160;&#160;&#160; </font></font></div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Steven
      M. Plumb</font></div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              </td>
              <td valign="top" width="35%" style="BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Chief
      Financial Officer</font></div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              </td>
              <td valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">April
      30, 2008</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">/S/
      Robert G. Wonish&#160;&#160;&#160;&#160; </font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Robert
      G. Wonish</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
              <td valign="top" width="35%" style="BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Director</font></div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              </td>
              <td valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">April
      30, 2008</font></div>
              </td>
            </tr>
        </table>
      </div><br>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
        </div>
        <div>&#160;</div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
        </div>
      </div><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">EXHIBIT
4.1</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2007
STOCK OPTION PLAN</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div><br>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
        </div>
      </div><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">EXHIBIT
5.1</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">OPINION
AND CONSENT OF COUNSEL</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">April 30,
2008</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Striker
Oil &amp; Gas, Inc.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Ladies
and Gentlemen:</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We have
examined the registration statement on Form S-8 of Striker Oil &amp; Gas, Inc.,
a Nevada corporation (the "Registrant"), to be filed with the Securities and
Exchange Commission (the "Registration Statement"), relating to the registration
under the Securities Act of 1933, as amended, of 1,200,000 shares of the
Registrant&#8217;s common stock, $.001 par value per share (the "Common Stock"), under
the plan described in the Registration Statement (the "Plan").</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As your
counsel in connection with this transaction, we have examined the proceedings
taken and are familiar with the proceedings proposed to be taken by you in
connection with the issuance and sale of the Common Stock pursuant to the
Plan.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We are of
the opinion that the shares of Common Stock, when issued and sold in the manner
described in the Registration Statement and the exhibits thereto, will be
legally and validly issued, fully-paid and non-assessable.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We have
received shares of common stock in lieu of cash for past services rendered and
in the future may receive shares of common stock for services
rendered.&#160;&#160;We currently do not own any shares of the Company&#8217;s common
stock.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
consent to the use of this opinion as an exhibit to the Registration Statement
and further consent to all references to us in the Registration Statement and
any amendments thereto.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Very
truly yours,</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><font style="TEXT-DECORATION: underline">/S/ Brewer &amp; Pritchard,
PC&#160;&#160;&#160;&#160;&#160; </font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Brewer
&amp; Pritchard, PC</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div><br>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
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          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
        </div>
      </div><br>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">EXHIBIT
23.2</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CONSENT
OF INDEPENDENT AUDITOR</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We hereby
consent to the incorporation by reference in this Form S-8 Registration
Statement under the Securities Act of 1933 of Striker Oil &amp; Gas, Inc. (the
&#8220;Company&#8221;) dated April 30, 2008, of our report dated&#160;April 14, 2008,
relating to the Company&#8217;s consolidated financial statements appearing in the
Form 10-KSB&#160;for the year&#160;ended December 31, 2007.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">DATED
April 30, 2008</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">/S/
Malone &amp; Bailey, PC&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 252pt"></font>Malone &amp; Bailey, PC</font></div>
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      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
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form_s-8.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
S-8
REGISTRATION
STATEMENT UNDER THE SECURITIES ACT OF 1933
STRIKER OIL & GAS,
INC.
(Exact
Name of Registrant as Specified in its Charter)
Nevada
75-1764386
(State
      or Other Jurisdiction of
Incorporation
      or Organization)
(I.R.S.
      Employer
Identification
      Number)
Galleria Financial
Center
5075 Westheimer, Suite
975
Houston, TX
77056
(Address of Principal Executive
Office)
2007 Stock Option
Plan
(Full
title of the plan)
Steven
M. Plumb
Galleria Financial
Center
5075 Westheimer, Suite
975
Houston,
TX 77056
(Name and
address of agent for service)
Telephone:
(713)402-6700
(Telephone
number, including area code, of agent for service)
Large
accelerated filer
Accelerated
filer
Non-accelerated
filer                                                                                     Smaller
reporting company
x
CALCULATION
OF REGISTRATION FEE
Title
      of
Securities
      To Be
Registered
Amount
      Being
Registered
(1)
Proposed
      Maximum
Offering
      Price
Per
      Share
(2)
Proposed
      Maximum
Aggregate
Offering
      Price
(2)
Amount
      of
Registration
Fee
Common
      Stock, par value $0.001 per share
1,200,000
$0.10
$120,000
$4.72
TOTAL
$4.72
(1)
Pursuant
      to Rule 416 under the Securities Act of 1933, as amended, the number of
      shares of the issuer's Common Stock registered hereunder will be adjusted
      in the event of stock splits, stock dividends or similar
      transactions.
(2)
Estimated
      solely for the purpose of calculating the amount of the registration fee
      pursuant to Rule 457(h), on the basis of the average of the high and low
      prices for a share of common stock as reported by the Over-The-Counter
      Bulletin Board.
PART
I
ITEM
1.
PLAN
INFORMATION
The
documents containing the information specified in Item 1 will be sent or given
to participants in the 2007 Stock Option Plan, as specified by Rule 428(b)(1) of
the Securities Act of 1933, as amended (the "Securities Act"). Such documents
are not required to be and are not filed with the Securities and Exchange
Commission (the "SEC") either as part of this Registration Statement or as
prospectuses or prospectus supplements pursuant to Rule 424. These documents and
the documents incorporated by reference in this Registration Statement pursuant
to Item 3 of Part II of this Form S-8, taken together, constitute a prospectus
that meets the requirements of Section 10(a) of the Securities Act.
ITEM
2.
REGISTRANT
INFORMATION AND EMPLOYEE PLAN ANNUAL INFORMATION
Upon
written or oral request, any of the documents incorporated by reference in Item
3 of Part II of this Registration Statement (which documents are incorporated by
reference in this Section 10(a) Prospectus), other documents required to be
delivered to eligible employees, non-employee directors and consultants,
pursuant to Rule 428(b) are available without charge by contacting:
Steven
Plumb
Galleria
Financial Center
5075
Westheimer, Suite 975
Houston,
TX 77056
(713)
402-6700
EXPLANATORY
NOTE
Pursuant
to General Instruction C of Form S-8, the resale prospectus filed as part of
this Registration Statement has been prepared in accordance with the
requirements of Part I of Form S-3 and may be used for reofferings and resales
of registered shares of common stock which have been issued upon the grants of
common stock and/or options to purchase shares of common stock to executive
officers and directors of Striker Oil & Gas, Inc.
RESALE
PROSPECTUS
8,000,000
SHARES OF COMMON STOCK OF
STRIKER
OIL & GAS, INC.
This
Resale Prospectus relates to the offer and sale of up to 1,200,000 shares of our
common stock from time to time by selling stockholders of shares of our common
stock. The common stock is issuable to the selling stockholders from time to
time under the Plan.
Our
common stock is traded on the Over-The-Counter Bulletin Board under the symbol
"UCPI" On April 15, 2008, the closing price of a share of our common stock was
$0.10 per share.
We will
not receive any of the proceeds from the sales by the selling stockholders. The
common stock may be sold from time to time by the selling stockholders either
directly in private transactions, or through one or more brokers or dealers, or
any other market or exchange on which the common stock is quoted or listed for
trading, at such prices and upon such terms as may be obtainable. These sales
may be at fixed prices (which may be changed), at market prices prevailing at
the time of sale, at prices related to such prevailing market prices or at
negotiated prices.
Upon any
sale of the common stock, by a selling stockholder and participating agents,
brokers, dealers or market makers may be deemed to be underwriters as that term
is defined in the Securities Act, and commissions or discounts or any profit
realized on the resale of such securities purchased by them may be deemed to be
underwriting commissions or discounts under the Securities Act.
No
underwriter is being utilized in connection with this offering. We will pay all
expenses incurred in connection with this offering and the preparation of this
Resale Prospectus.
INVESTING
IN OUR COMMON STOCK INVOLVES RISKS. SEE "RISK FACTORS" BEGINNING ON PAGE
2.
NEITHER
THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS
APPROVED OR DISAPPROVED OF THESE SECURITIES, OR DETERMINED IF THIS RESALE
PROSPECTUS IS TRUTHFUL OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A
CRIMINAL OFFENSE.
The date
of this Resale Prospectus is April 30, 2008
TABLE OF CONTENTS
Risk
Factors
.............................................................................................................................................................................................................................................................................................
1
Where You
can Find More Information
..............................................................................................................................................................................................................................................
8
Incorporation
of Certain Documents by Reference
...........................................................................................................................................................................................................................
8
Note
Regarding Forward Looking Statements
...................................................................................................................................................................................................................................
9
Use of
Proceeds
......................................................................................................................................................................................................................................................................................
9
Dilution
.....................................................................................................................................................................................................................................................................................................
9
Selling
Stockholders
...............................................................................................................................................................................................................................................................................
10
Plan of
Distribution
.................................................................................................................................................................................................................................................................................
10
Description
of Securities to be Registered
..........................................................................................................................................................................................................................................
11
Legal
Matters
...........................................................................................................................................................................................................................................................................................
13
Experts
.......................................................................................................................................................................................................................................................................................................
13
You
should rely only on the information contained in this Resale Prospectus or any
supplement. We have not authorized anyone to provide you with information
different from that which is contained in or incorporated by reference to this
Resale Prospectus. The information contained in this Resale Prospectus is
accurate only as of the date of this Resale Prospectus, regardless of the time
of delivery of this Resale Prospectus or of any sale of the common stock.
RISK
FACTORS
Any
investment in our securities involves a high degree of risk.  You
should carefully consider the following information about these risks, together
with the other information contained in this prospectus, before you decide to
buy our securities.
Risks
Relating to the Company's Business
Striker
Has a History of Losses Which May Continue, Which May Negatively Impact Its
Ability to Achieve Its Business Objectives.
The
Company incurred a net loss of $3,310,279 for the fiscal year ended December 31,
2006, and a net loss of $1,423,363 for the fiscal year ended December 31,
2007 and expects to incur a net loss in fiscal 2008.  Its operations
are subject to the risks and competition inherent in the establishment of a
business enterprise.  There can be no assurance that its future
operations will be profitable.  The Company may not achieve its
business objectives and the failure to achieve such goals would have an adverse
impact on it.
If
the Company Is Unable to Obtain Additional Funding Its Business Operations Will
be Harmed and If It Does Obtain Additional Financing Its Then Existing
Shareholders May Suffer Substantial Dilution.
The
Company will require approximately $5.5 million to sustain and expand its
exploration and drilling activities during fiscal 2008.  The Company
believes it has sufficient working capital to fund its current operations and
debt payments for the next twelve months, however, if it does not raise
additional funds it will not be able to grow its business.  Additional
capital will be required to effectively support the operations and to otherwise
implement its overall business strategy.  There can be no assurance
that financing will be available in amounts or on terms acceptable to it, if at
all.  The inability to obtain additional capital will restrict its
ability to grow and may reduce its ability to continue to expand its business
operations.  If the Company is unable to obtain additional financing,
it will likely be required to curtail its development plans.  Any
additional equity financing may involve substantial dilution to the Company's
then existing shareholders.
The
Company Is Currently Dependent on Other Oil and Gas Operators for Operations on
Its Properties.
Some of
the Company's current operations are properties in which it owns a minority
interest.  As a result, the drilling and operations are conducted by
other operators, upon which the Company is reliant for successful drilling and
revenues.  In addition, as a result of its dependence on others for
operations on its properties, the Company has limited control over the timing,
cost or rate of development on such properties.  As a result, drilling
operations may not occur in a timely manner or take more time than it
anticipates as well as resulting in higher expenses.  The inability of
these operators to adequately staff or conduct operations on these properties,
or experience a short-fall in funding their proportionate interest, could have a
material adverse effect on the Company's revenues and operating
results.
The
Potential Profitability of Oil and Gas Ventures Depends Upon Factors Beyond the
Company's Control.
The
potential profitability of oil and gas properties is dependent upon many factors
beyond the Company's control.  For instance, world prices and markets
for oil and gas are unpredictable, highly volatile, potentially subject to
governmental fixing, pegging, controls, or any combination of these and other
factors, and respond to changes in domestic, international, political, social
and economic environments.  Additionally, due to worldwide economic
uncertainty, the availability and cost of funds for production and other
expenses have become increasingly difficult, if not impossible, to
project.  These changes and events may materially affect the Company's
financial performance.
Adverse
weather conditions can also hinder drilling operations.  A productive
well may become uneconomic in the event water or other deleterious substances
are encountered which impair or prevent the production of oil and/or gas from
the well.  In addition, production from any well may be unmarketable
if it is impregnated with water or other deleterious substances.  The
marketability of oil and gas which may be acquired or discovered will be
affected by numerous factors beyond the Company's control.  These
factors include the proximity and capacity of oil and gas pipelines and
processing equipment, market fluctuations of prices, taxes, royalties, land
tenure, allowable production and environmental protection.  These
factors cannot be accurately predicted and the combination of these factors may
result in the Company not receiving an adequate return on invested
capital.
The
Oil and Gas Industry Is Highly Competitive and There Is No Assurance That the
Company Will Be Successful In Acquiring Leases.
The oil
and gas industry is intensely competitive.  The Company competes with
numerous individuals and companies, including many major oil and gas companies,
which have substantially greater technical, financial and operational resources
and staffs.  Accordingly, there is a high degree of competition for
desirable oil and gas leases, suitable properties for drilling operations and
necessary drilling equipment, as well as for access to funds.  The
Company cannot predict if the necessary funds can be raised or that any
projected work will be completed.
If
Natural Gas or Crude Oil Prices Decrease or the Company's Exploration and
Development Efforts Are Unsuccessful, It May Be Required to Take Write
Downs.
The
Company's financial statements are prepared in accordance with generally
accepted accounting principles.  The reported financial results and
disclosures were developed using certain significant accounting policies,
practices and estimates, which are discussed in the Management's Discussion and
Analysis of Financial Condition and Plan of Operations section.  The
Company follows the full cost method of accounting for its oil and gas
properties.  Accordingly, all costs associated with the acquisition,
exploration and development of oil and gas properties, including costs of
undeveloped leasehold, geological and geophysical expenses, dry holes, leasehold
equipment and overhead charges directly related to acquisition, exploration and
development activities are capitalized.  Proceeds received from
disposals are credited against accumulated cost except when the sale represents
a significant disposal of reserves, in which case a gain or loss is
recognized.  The sum of net capitalized costs and estimated future
development and dismantlement costs for each cost center is depleted on the
equivalent unit-of-production method, based on proved oil and gas reserves as
determined by independent petroleum engineers.  Excluded from amounts
subject to depletion are costs associated with unevaluated
properties.  Natural gas and crude oil are converted to equivalent
units based upon the relative energy content, which is six thousand cubic feet
of natural gas to one barrel of crude oil.  Net capitalized costs are
limited to the lower of unamortized costs net of deferred tax or the cost center
ceiling.  The cost center ceiling is defined as the sum of (i)
estimated future net revenues, discounted at 10% per annum, from proved
reserves, based on unescalated year-end prices and costs, adjusted for contract
provisions and financial derivatives that hedge its oil and gas reserves; (ii)
the cost of properties not being amortized; (iii) the lower of cost or market
value of unproved properties included in the cost center being amortized and;
(iv) income tax effects related to differences between the book and tax basis of
the natural gas and crude oil properties.  A write down of these
capitalized costs could be required if natural gas and/or crude oil prices were
to drop precipitously at a reporting period end.  Future price
declines or increased operating and capitalized costs without incremental
increases in natural gas and crude oil reserves could also require the Company
to record a write down.
Reserve
Estimates Depend on Many Assumptions that May Turn Out to Be Inaccurate and Any
Material Inaccuracies in These Reserve Estimates or Underlying Assumptions May
Materially Affect the Quantities and Present Value of the Company's
Reserves.
The
process of estimating natural gas and crude oil reserves is
complex.  It requires interpretations of available technical data and
various assumptions, including assumptions relating to economic
factors.  Any significant inaccuracies in these interpretations or
assumptions could materially affect the estimated quantities and present value
of reserves disclosed.
In order
to prepare these estimates, the Company and independent petroleum engineers
engaged by it must project production rates and timing of development
expenditures.  It and the engineers must also analyze available
geological, geophysical, production and engineering data, and the extent,
quality and reliability of this data can vary.  The process also
requires economic assumptions with respect to natural gas and crude oil prices,
drilling and operating expenses, capital expenditures, taxes and availability of
funds.  Therefore, estimates of natural gas and crude oil reserves are
inherently imprecise.
Actual
future production, natural gas and crude oil prices and revenues, taxes,
development expenditures, operating expenses and quantities of recoverable
natural gas and crude oil reserves most likely will vary from the Company's
estimates.  Any significant variance could materially affect the
estimated quantities and present value of reserves disclosed
herein.  In addition, the Company may adjust estimates of proved
reserves to reflect production history, results of exploration and development,
prevailing natural gas and crude oil prices and other factors, many of which are
beyond its control.
You
should not assume that the present value of future net revenues disclosed herein
is the current market value of the Company's estimated crude oil
reserves.  In accordance with SEC requirements, the estimated
discounted future net cash flows from proved reserves are generally based on
prices and costs as of the date of the estimate.  Actual future prices
and costs may be materially higher or lower than the prices and costs as of the
date of the estimate.  Any changes in consumption by natural gas and
crude oil purchasers or in governmental regulations or taxation will also affect
actual future net cash flows.  The timing of both the production and
the expenses from the development and production of natural gas and crude oil
properties will affect the timing of actual future net cash flows from proved
reserves and their present value.  In addition, the 10% discount
factor, which is required by the SEC to be used in calculating discounted future
net cash flows for reporting purposes, is not necessarily the most accurate
discount factor.  The effective interest rate at various times and the
risks associated with the Company's business or the oil and gas industry in
general will affect the accuracy of the 10% discount factor.
Oil
and Gas Operations Are Subject to Comprehensive Regulation Which May Cause
Substantial Delays or Require Capital Outlays in Excess of Those Anticipated
Causing an Adverse Effect on the Company.
Oil and
gas operations are subject to federal, state, and local laws relating to the
protection of the environment, including laws regulating removal of natural
resources from the ground and the discharge of materials into the
environment.  Oil and gas operations are also subject to federal,
state, and local laws and regulations which seek to maintain health and safety
standards by regulating the design and use of drilling methods and
equipment.  Various permits from government bodies are required for
drilling operations to be conducted; no assurance can be given that such permits
will be received.  Environmental standards imposed by federal or local
authorities may be changed and any such changes may have material adverse
effects on the Company's activities.  Moreover, compliance with such
laws may cause substantial delays or require capital outlays in excess of those
anticipated, thus causing an adverse effect on the
Company.  Additionally, the Company may be subject to liability for
pollution or other environmental damages which it may elect not to insure
against due to prohibitive premium costs and other reasons.  To date
the Company has not been required to spend any material amount on compliance
with environmental regulations.  However, it may be required to do so
in the future and this may affect its ability to expand or maintain its
operations.
Exploration
and Production Activities Are Subject to Environmental Regulations Which May
Prevent or Delay the Commencement or Continuance of the Company's
Operations.
In
general, the Company's exploration and production activities are subject to
federal, state and local laws and regulations relating to environmental quality
and pollution control.  Such laws and regulations increase the costs
of these activities and may prevent or delay the commencement or continuance of
a given operation.  Compliance with these laws and regulations has not
had a material effect on the Company's operations or financial condition to
date.  Specifically, the Company is subject to legislation regarding
emissions into the environment, water discharges and storage and disposition of
hazardous wastes.  In addition, legislation has been enacted which
requires well and facility sites to be abandoned and reclaimed to the
satisfaction of state authorities.  However, such laws and regulations
are frequently changed and the Company is unable to predict the ultimate cost of
compliance.  Generally, environmental requirements do not appear to
affect the Company any differently or to any greater or lesser extent than other
companies in the industry.
The
Company believes that its operations comply, in all material respects, with all
applicable environmental regulations.  The Company's operating
partners and the Company itself maintains insurance coverage customary to the
industry; however, it is not fully insured against all possible environmental
risks.
Exploratory
Drilling Involves Many Risks and the Company May Become Liable for Pollution or
Other Liabilities Which May Have an Adverse Effect on Its Financial
Position.
Drilling
operations generally involve a high degree of risk.  Hazards such as
unusual or unexpected geological formations, power outages, labor disruptions,
blow-outs, sour gas leakage, fire, inability to obtain suitable or adequate
machinery, equipment or labor, and other risks are involved.  The
Company may become subject to liability for pollution or hazards against which
it cannot adequately insure or which it may elect not to
insure.  Incurring any such liability may have a material adverse
effect on its financial position and results of operations.
Any
Change to Government Regulation/Administrative Practices May Have a Negative
Impact on the Company's Ability to Operate and Its Profitability.
The laws,
regulations, policies or current administrative practices of any government
body, organization or regulatory agency in the United States or any other
jurisdiction, may be changed, applied or interpreted in a manner which will
fundamentally alter the Company's ability to carry on its business.
The
actions, policies or regulations, or changes thereto, of any government body or
regulatory agency, or other special interest groups, may have a detrimental
effect on the Company.  Any or all of these situations may have a
negative impact on the Company's ability to operate and/or its
profitability.
If
the Company Is Unable to Identify and Complete Future Acquisitions, It May Be
Unable to Continue Its Growth.
A portion
of the Company's growth has been due to acquisitions of producing
properties.  It expects to continue to evaluate and, where
appropriate, pursue acquisition opportunities on terms it considers to be
favorable to it.  However, it may not be able to identify suitable
acquisition opportunities.  Even if the Company identifies favorable
acquisition targets, there is no guarantee that it can acquire them on
reasonable terms or at all.  If the Company is unable to complete
attractive acquisitions, the growth that the Company has experienced recently
may decline.
The
successful acquisition of producing properties requires an assessment of
recoverable reserves, exploration potential, future natural gas and crude oil
prices, operating costs, potential environmental and other liabilities and other
factors beyond the Company's control.  These assessments are inexact
and their accuracy inherently uncertain and such a review may not reveal all
existing or potential problems, nor will it necessarily permit the Company to
become sufficiently familiar with the properties to fully assess their merits
and deficiencies.  Inspections may not always be performed on every
well, and structural and environmental problems are not necessarily observable
even when an inspection is undertaken.
In
addition, significant acquisitions can change the nature of the Company's
operations and business depending upon the character of the acquired properties,
which may be substantially different in operating and geological characteristics
or geographic location than its existing properties.
If
the Company Is Unable to Retain the Services of Mr. Casey or if the Company Is
Unable to Successfully Recruit Qualified Managerial and Field Personnel Having
Experience in Oil and Gas Exploration, It May Not Be Able to Continue Its
Operations.
The
Company's success depends to a significant extent upon the continued services of
Mr. Casey, the Company's Chief Executive Officer and a director.  Loss
of the services of Mr. Casey could have a material adverse effect on the
Company's growth, revenues, and prospective business.  The Company
does not have key-man insurance on the life of Mr. Casey.  In
addition, in order to successfully implement and manage the Company's business
plan, it will be dependent upon, among other things, successfully recruiting
qualified managerial and field personnel having experience in the oil and gas
exploration and production business.  Competition for qualified
individuals is intense.  There can be no assurance that the Company
will be able to find, attract and retain existing employees or that it will be
able to find, attract and retain qualified personnel on acceptable
terms.
Delays
in Obtaining Oil Field Equipment and Increasing Drilling and Other Service Costs
Could Adversely Affect the Company's Ability to Pursue Its Drilling
Program.
Due to
the recent record high oil and gas prices, there is currently a high demand for
and a general shortage of drilling equipment and supplies.  Higher oil
and natural gas prices generally stimulate increased demand and result in
increased prices for drilling equipment, crews and associated supplies,
equipment and services.  The Company believes that these shortages
could continue.  In addition, the costs and delivery times of
equipment and supplies are substantially greater now than in prior
periods.  Accordingly, the Company cannot assure you that it will be
able to obtain necessary drilling equipment and supplies in a timely manner or
on satisfactory terms, and it may experience shortages of, or material increases
in the cost of, drilling equipment, crews and associated supplies, equipment and
services in the future.  Any such delays and price increases could
adversely affect the Company's ability to pursue its drilling
program.
The
Company's Principal Stockholders, Officers and Directors Own a Controlling
Interest in the Company's Voting Stock and Investors Will Not Have Any Voice in
the Company's Management.
The
Company's officers and directors, along with two additional stockholders, own
approximately 69.8% of all votes by its shareholders.  As a result,
these stockholders, acting together, will have the ability to control
substantially all matters submitted to the Company's stockholders for approval,
including:
election of the board of directors;
removal of any of the directors;
amendment of the Company's certificate of incorporation or
  bylaws; and
adoption
  of measures that could delay or prevent a change in control or impede a
  merger, takeover or other business combination involving the
  Company.
As a
result of their ownership and positions, the Company's directors, executive
officers and principal stockholders collectively are able to influence all
matters requiring stockholder approval, including the election of directors and
approval of significant corporate transactions.  In addition, sales of
significant amounts of shares held by the Company's directors and executive
officers, or the prospect of these sales, could adversely affect the market
price of the Company's common stock.  Management's stock ownership may
discourage a potential acquirer from making a tender offer or otherwise
attempting to obtain control of the Company, which in turn could reduce its
stock price or prevent its stockholders from realizing a premium over the
Company's stock price.
Risks
Relating to the Company's Current Financing Arrangement
There
Are a Large Number of Shares Underlying the Company's Convertible Debentures and
Warrants That May Be Available for Future Sale and the Sale of These Shares May
Depress the Market Price of the Company's Common Stock.
As of
April 11, 2008, there were 102,046,739 shares of common stock issued and
outstanding and convertible debentures outstanding that may be converted into an
estimated 41,666,680 shares of common stock and outstanding warrants to purchase
21,732,681 shares of common stock.  The sale of these shares may
adversely affect the market price of the Company's common stock.
The
Issuance of Shares Upon Conversion of the Convertible Debentures and Exercise of
Outstanding Warrants May Cause Immediate and Substantial Dilution to the
Company's Existing Stockholders.
The
issuance of shares upon conversion of the convertible debentures and exercise of
warrants may result in substantial dilution to the interests of other
stockholders since the selling stockholder may ultimately convert and sell the
full amount issuable on conversion.  Although the debenture holder may
not convert its convertible debentures and/or exercise its warrants if such
conversion or exercise would cause it to own more than 4.99% of the Company's
outstanding common stock, this restriction does not prevent the selling
stockholder from converting and/or exercising some of its holdings, selling
these shares and then converting the rest of its holdings.  In this
way, the debenture holder could sell more than this limit while never holding
more than this limit.
If
the Company Is Required for Any Reason to Repay Its Outstanding Secured
Convertible Debentures, It Would Be Required to Deplete Its Working Capital, if
Available, or Raise Additional Funds.  The Company's Failure to Repay
the Convertible Debentures, if Required, Could Result in Legal Action Against
It, Which Could Require the Sale of Substantial Assets.
In May
2007, the Company entered into a securities purchase agreement for the sale of
$7,000,000 principal amount of secured convertible debentures.  The
secured convertible debentures are due and payable, with 9% interest, 30 months
from the date of issuance, unless sooner converted into shares of the Company's
common stock.  Any event of default such as the Company's failure to
repay the principal or interest when due, its failure to issue shares of common
stock upon conversion by the holder, its failure to timely file a registration
statement or have such registration statement declared effective, breach of any
covenant, representation or warranty in the securities purchase agreement or
related secured convertible debentures, the assignment or appointment of a
receiver to control a substantial part of the Company's properties or business,
the filing of a money judgment, writ or similar process against the company in
excess of $50,000, the commencement of a bankruptcy, insolvency, reorganization
or liquidation proceeding against the Company and the delisting of its common
stock could require the early repayment of the secured convertible debentures,
including a default interest rate on the outstanding principal balance of the
secured convertible debentures if the default is not cured within the specified
grace period.  The Company anticipates that the full amount of the
secured convertible debentures will be converted into shares of its common
stock, in accordance with the terms of the secured convertible
debentures.  If the Company were required to repay the secured
convertible debentures, it would be required to use its limited working capital
and raise additional funds.  If the Company were unable to repay the
secured convertible debentures when required, the debenture holders could
commence legal action against it and foreclose on all of its assets to recover
the amounts due.  Any such action would require the Company to curtail
or possibly cease operations.
If
An Event of Default Occurs under the Securities Purchase Agreement, Secured
Convertible Debentures or Security Agreements, the Investor Could Take
Possession of All of the Company's Goods, Inventory, Contractual Rights and
General Intangibles, Receivables, Documents, Instruments, Chattel Paper, and
Intellectual Property.
In
connection with the securities purchase agreement, the Company executed a
security agreement in favor of the investor granting it a first priority
security interest in certain of its goods, inventory, contractual rights and
general intangibles, receivables, documents, instruments, chattel paper, and
intellectual property.  The security agreement states that if an event
of default occurs under the securities purchase agreement, secured convertible
debentures or security agreement, the investor has the right to take possession
of the collateral, to operate the Company's business using the collateral, and
has the right to assign, sell, lease or otherwise dispose of and deliver all or
any part of the collateral, at public or private sale or otherwise to satisfy
the Company's obligations under these agreements.
Risks
Relating to the Company's Common Stock
If
the Company Fails to Remain Current in Its Reporting Requirements, It Could Be
Removed From the OTC Bulletin Board Which Would Limit the Ability of
Broker-Dealers to Sell the Company's Securities and the Ability of Stockholders
to Sell Their Securities in the Secondary Market.
Companies
trading on the OTC Bulletin Board, such as the Company, must be reporting
issuers under Section 12 of the Securities Exchange Act of 1934, as amended, and
must be current in their reports under Section 13, in order to maintain price
quotation privileges on the OTC Bulletin Board.  If the Company fails
to remain current on its reporting requirements, it could be removed from the
OTC Bulletin Board.  As a result, the market liquidity for the
Company's securities could be severely adversely affected by limiting the
ability of broker-dealers to sell the Company's securities and the ability of
stockholders to sell their securities in the secondary market.
The
Company's Common Stock Is Subject to the "Penny Stock" Rules of the SEC and the
Trading Market in Its Securities Is Limited, Which Makes Transactions in the
Company's Stock Cumbersome and May Reduce the Value of an Investment in the
Company's Stock.
The
Securities and Exchange Commission has adopted Rule 15g-9 which establishes the
definition of a "penny stock," for the purposes relevant to the Company, as any
equity security that has a market price of less than $5.00 per share or with an
exercise price of less than $5.00 per share, subject to certain
exceptions.  For any transaction involving a penny stock, unless
exempt, the rules require:
that a
  broker or dealer approve a person's account for transactions in penny stocks;
  and
the
  broker or dealer receives from the investor a written agreement to the
  transaction, setting forth the identity and quantity of the penny stock to be
  purchased.
In order
to approve a person's account for transactions in penny stocks, the broker or
dealer must:
obtain
  financial information and investment experience objectives of the person;
  and
make a
  reasonable determination that the transactions in penny stocks are suitable
  for that person and the person has sufficient knowledge and experience in
  financial matters to be capable of evaluating the risks of transactions in
  penny stocks.
The
broker or dealer must also deliver, prior to any transaction in a penny stock, a
disclosure schedule prescribed by the Commission relating to the penny stock
market, which, in highlight form:
sets
  forth the basis on which the broker or dealer made the suitability
  determination; and
that
  the broker or dealer received a signed, written agreement from the investor
  prior to the transaction.
Generally,
brokers may be less willing to execute transactions in securities subject to the
"penny stock" rules.  This may make it more difficult for investors to
dispose of the Company's common stock and cause a decline in the market value of
its stock.
Disclosure
also has to be made about the risks of investing in penny stocks in both public
offerings and in secondary trading and about the commissions payable to both the
broker-dealer and the registered representative, current quotations for the
securities and the rights and remedies available to an investor in cases of
fraud in penny stock transactions.  Finally, monthly statements have
to be sent disclosing recent price information for the penny stock held in the
account and information on the limited market in penny stocks.
WHERE
YOU CAN FIND MORE INFORMATION
The
Company files annual, quarterly and current reports, proxy statements and other
information with the Securities and Exchange Commission (the "Commission"). You
can inspect, read and copy these reports, proxy statements and other information
at the public reference facilities the Commission maintains at Room 1024, 450
Fifth Street, N.W., Judiciary Plaza, Washington, D.C. 20549.
You can
also obtain copies of these materials at prescribed rates by writing to the
Public Reference Section of the SEC at 450 Fifth Street, N.W., Washington, D.C.
20549. You can obtain information on the operation of the public reference
facilities by calling the SEC at 1-800-SEC-0330. The Commission also maintains a
web site
http://www.sec.gov
that makes available reports, proxy statements and other information regarding
issuers that file electronically with it.
We have
filed with the SEC a Registration Statement on Form S-8 under the Securities Act
of 1933, as amended, to register with the SEC the shares of our common stock
described in this Resale Prospectus. This Resale Prospectus is part of that
Registration Statement and provides you with a general description of the Shares
being registered, but does not include all of the information you can find in
the Registration Statement or the exhibits. You should refer to the Registration
Statement and its exhibits for more information about us and the Shares being
registered.
INCORPORATION
OF CERTAIN DOCUMENTS BY REFERENCE
The SEC
allows us to "incorporate by reference" information into this Resale Prospectus,
which means that we can disclose important information to you by referring to
another document filed separately by us with the SEC. The information
incorporated by reference is deemed to be part of this Resale Prospectus, except
for information superseded by this prospectus. This Resale Prospectus
incorporates by reference the documents set forth below that we have previously
filed with the SEC as of their respective filing dates. These documents contain
important information about us and our finances.
(1)
The
      Company's Annual Report on Form 10-KSB for the fiscal year ended December
      31, 2007, filed on April 15, 2008;
(2)
Quarterly
      Reports on Form 10-QSB for the quarters ended March 31, 2007, filed on May
      16, 2007, as amended on October 7, 2007; June 30, 2007, filed on August
      16, 2007, as amended on October 9, 2007; and September 30, 2007, filed on
      November 14, 2007;
(3)
Current
      Reports on Form 8-K, filed on January 16, 2008; January 18, 2008; February
      21, 2008, February 26, 2008, as amended on February 29, 2008; and March
      14, 2008.
*           All
documents filed by Striker Oil & Gas, Inc. with the SEC pursuant to
Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934,
as amended, subsequent to the date of this Registration Statement and prior to
the termination of the offering to which it relates shall be deemed to be
incorporated by reference into this Registration Statement and to be a part
hereof from the date of filing of such documents. Any statement contained herein
or in a document incorporated by reference or deemed to be incorporated by
reference herein shall be deemed to be modified or superseded for purposes of
this Registration Statement to the extent that the statement is modified or
superseded by any other subsequently filed document which is incorporated or is
deemed to be incorporated by reference herein. Any statement so modified or
superseded shall not be deemed, except as so modified or superseded, to
constitute a part of this Registration Statement. Nothing in this Registration
Statement shall be deemed to incorporate information furnished by us but not
filed with the SEC pursuant to Items 2.02, 7.01 or 9.01 of Form
8-K.
NOTE
REGARDING FORWARD LOOKING STATEMENTS
Included
in this Resale Prospectus are "forward-looking" statements, as well as
historical information.  Although we believe that the expectations
reflected in these forward-looking statements are reasonable, we can give no
assurance that the expectations reflected in these forward-looking statements
will prove to be correct. Our actual results could differ materially from those
anticipated in forward-looking statements as a result of certain factors,
including matters described in the section titled "Risk Factors." 
Forward-looking statements include those that use forward-looking terminology,
such as the words "anticipate," "believe," "estimate," "expect," "intend,"
"may," "project," "plan," "will," "shall," "should," and similar expressions,
including when used in the negative.  Although we believe that the
expectations reflected in these forward-looking statements are reasonable and
achievable, these statements involve risks and uncertainties and no assurance
can be given that actual results will be consistent with these forward-looking
statements.  Important factors that could cause our actual results,
performance or achievements to differ from these forward-looking statements
include the factors described in the "Risk Factors" section and elsewhere in
this Resale Prospectus.
All
forward-looking statements attributable to us are expressly qualified in their
entirety by these and other factors.  We undertake no obligation to update
or revise these forward-looking statements, whether to reflect events or
circumstances after the date initially filed or published, to reflect the
occurrence of unanticipated events or otherwise.
Any
investment in our securities involves a high degree of risk.  You
should carefully consider the following information about these risks, together
with the other information contained in this prospectus, before you decide to
buy our securities.
USE
OF PROCEEDS
We will
not receive any proceeds from the sale of shares which may be sold pursuant to
this Resale Prospectus for the respective accounts of the selling stockholders.
All such proceeds, net of brokerage commissions, if any, will be received by the
selling stockholders. See "Selling Stockholders" and "Plan of Distribution."
DILUTION
Dilution
represents the difference between the offering price and the
net
tangible
book
value
per
share immediately after completion of this offering. Net
tangible book value is the amount that results from subtracting total
liabilities and intangible assets from total assets. Dilution arises mainly as a
result of our arbitrary determination of the offering price of the shares being
offered. Dilution of the value of the shares you purchase is also a result of
the lower book value of the shares held by our existing
shareholders.
As of
December 31, 2007, the net tangible book value of our common stock was
(3,494,782) or (0.171) per share, based upon 20,409,348 shares outstanding on
April 15, 2008, giving affect to the one for five reverse split.  Due
to the nature of the 2007 Stock Option Plan, the purchase price paid by our
officer, directors, employees and consultants under the 2007 Stock Option Plan
is variable, as is the purchase price paid by the public upon the resale by our
officer, directors, employees and consultants of our common
stock.   The following tables show the dilution based upon a
resale price of our common stock at $0.10 per share.
Without
taking into account any changes in the pro forma net tangible book value prior
to the this offering, other than to give effect to the issuance of 1,200,000
shares at an offering price of $0.10 per share (based upon the closing price of
our common stock on April 15, 2008) and the application of the net proceeds of
$12,000, the pro forma net tangible book value of the Company's common stock
after this offering will be $(3,482,782) or $(0.17) per share. Consequently,
based on the above assumptions, the purchasers of the common stock offered
hereby will sustain an immediate substantial dilution (i.e., the difference
between the purchase price of $0.10 per share of common stock and the net
tangible book value per share) after the offering of $0.270 per share. The
following table illustrates such dilution:
Per Share
Price ......………………………………………………..……………$ 0.100
Per Share
Pro Forma Net Tangible Book Value before the Offering ……..$ (0.171)
Per Share
Increase Attributable to New Investors…………………………$ 0.002
Per Share
Pro Forma Net Tangible Book Value After the Offering ……….$ (0.170)
Per Share
Dilution to New Investors ….…………………………………..…$ 0.270
SELLING
STOCKHOLDERS
The
selling stockholders will be our current or future officers, directors,
consultants and employees who acquire shares of our common stock pursuant
to the Plan and are considered our "affiliates" as that term is defined in the
federal securities laws. The selling stockholders may from time to time resell
all, a portion, or none of the shares of our common stock covered by this Resale
Prospectus.
As of the
date of this Prospectus, no shares of common stock were subject to existing
options under the Plan, and 1,200,000 were available for future
grants.
PLAN
OF DISTRIBUTION
The
Shares may be sold from time to time by the selling stockholders, or by
pledgees, donees, transferees or other successors in interest. Such sales may be
made on one or more exchanges or in the over-the-counter market, or otherwise,
at prices and at terms then prevailing or at prices related to the then current
market price, or in negotiated transactions. The shares may be sold by one or
more of the following, without limitation:
(a)
a
      block trade in which the broker or dealer so engaged will attempt to sell
      the shares as agent but may position and resell a portion of the block as
      principal to facilitate the
transaction;
(b)
purchases
      by a broker or dealer as principal and resale by such broker or dealer or
      for its account pursuant to the Resale Prospectus, as
      supplemented;
(c)
an
      exchange distribution in accordance with the rules of such exchange;
      and
(d)
ordinary
      brokerage transactions and transactions in which the broker solicits
      purchasers.
(e)
the
      selling stockholder and sales to and through other broker-dealers or
      agents that participate with the selling stockholder in the sale of the
      shares may be deemed to be "underwriters" within the meaning of the
      Securities Act in connection with these sales. In that event, any
      commissions received by the broker-dealers or agents and any profit on the
      resale of the Shares purchased by them may be deemed to be underwriting
      commissions or discounts under the Securities
  Act.
In
addition, any securities covered by this Resale Prospectus that qualify for sale
pursuant to Rule 144 may be sold under Rule 144 rather than pursuant
to this Resale Prospectus, as supplemented. From time to time, the selling
stockholder may engage in short sales, short sales against the box, puts and
calls and other transactions in our securities or derivatives thereof, and may
sell and deliver the shares in connection therewith. Sales may also take place
from time to time through brokers pursuant to pre-arranged sales plans intended
to qualify under SEC Rule 10b5-1.
There
is no assurance that the selling stockholder will sell all or any portion of the
shares covered by this Resale Prospectus.
All
expenses of registration of the common stock, other than commissions and
discounts of underwriters, dealers or agents, shall be borne by us. As and when
we are required to update this Resale Prospectus, we may incur additional
expenses.
DESCRIPTION
OF SECURITIES TO BE REGISTERED
General
We are authorized to issue 450,000,000
shares of common stock, $.001 par value, and 25,000,000 shares of preferred
stock, $0.001 par value.
Common
Stock
As of April 15, 2008, there were
20,409,348 shares of common stock issued and outstanding that was held of record
by approximately 5,100 stockholders.
The holders of common stock are
entitled to one vote per share with respect to all matters required by law to be
submitted to stockholders.  The holders of common stock have the sole
right to vote, except as otherwise provided by law or by our certificate of
incorporation, including provisions governing any preferred
stock.  The common stock does not have any cumulative voting,
preemptive, subscription or conversion rights.  Election of directors
and other general stockholder action requires the affirmative vote of a majority
of shares represented at a meeting in which a quorum is
represented.  The outstanding shares of common stock are validly
issued, fully paid and non-assessable.
Subject to the rights of any
outstanding shares of preferred stock, the holders of common stock are entitled
to receive dividends, if declared by our board of directors out of funds legally
available.  In the event of liquidation, dissolution or winding up of
the affairs of Striker Oil & Gas, the holders of common stock are entitled
to share ratably in all assets remaining available for distribution to them
after payment or provision for all liabilities and any preferential liquidation
rights of any preferred stock then outstanding.
Nevada
anti-takeover statue and charter provisions.
Nevada anti-takeover
statue
.  Nevada's "Business Combinations" statute, Sections
78.411 through 78.444 of the Nevada Revised Statutes, which applies to Nevada
corporations having at least 200 shareholders which have not opted-out of the
statute, prohibits an "interested shareholder" from entering into a
"combination" with the corporation, unless certain conditions are met. A
"combination" includes (a) any merger or consolidation with an "interested
shareholder", or any other corporation which is or after the merger or
consolidation would be, an affiliate or associate of the interested shareholder,
(b) any sale, lease, exchange, mortgage, pledge, transfer or other
disposition of assets, in one transaction or a series of transactions, to or
with an "interested shareholder," having (i) an aggregate market value
equal to 5% or more of the aggregate market value of the corporation's assets
determined on a consolidated basis, (ii) an aggregate market value equal to
5% or more of the aggregate market value of all outstanding shares of the
corporation or (iii) representing 10% or more of the earning power or net
income of the corporation determined on a consolidated basis, (c) any
issuance or transfer of shares of the corporation or its subsidiaries, to any
interested shareholder, having an aggregate market value equal to 5% or more of
the aggregate market value of all the outstanding shares of the corporation,
except under the exercise of warrants or rights to purchase shares offered, or a
dividend or distribution paid or made pro rata to all shareholders of the
corporation, (d) the adoption of any plan or proposal for the liquidation
or dissolution of the corporation proposed by or under any agreement,
arrangement or understanding, whether or not in writing, with the "interested
shareholder," (e) certain transactions which would have the effect of
increasing the proportionate share of outstanding shares of the corporation
owned by the "interested shareholder," or (f) the receipt of benefits,
except proportionately as a shareholder, of any loans, advances or other
financial benefits by an "interested shareholder".
An
interested shareholder is a person who (i) directly or indirectly
beneficially owns 10% or more of the voting power of the outstanding voting
shares of the corporation or (ii) an affiliate or associate of the
corporation which at any time within three years before the date in question was
the beneficial owner, directly or indirectly, of 10% or more of the voting power
of the then outstanding shares of the corporation.
A
corporation to which the statute applies may not engage in a combination within
three years after the interested shareholder acquired its shares, unless the
combination or the interested shareholder's acquisition of shares was approved
by the board of directors before the interested shareholder acquired the shares.
If this approval was not obtained, then after the three-year period expires, the
combination may be consummated if all the requirements in the corporation's
Articles of Incorporation are met and either (a)(i) the board of directors of
the corporation approves, prior to the "interested shareholder's" date of
acquiring shares, or as to which the purchase of shares by the "interested
shareholder" has been approved by the corporation's board of directors before
that date or (ii) the combination is approved by the affirmative vote of
holders of a majority of voting power not beneficially owned by the "interested
shareholder" at a meeting called no earlier than three years after the date the
"interested shareholder" became such or (b) the aggregate amount of cash
and the market value of consideration other than cash to be received by holders
of common shares and holders of any other class or series of shares meets the
minimum requirements set forth in Sections 78.411 through 78.443 of the Nevada
Revised Statutes, inclusive, and prior to the consummation of the combination,
except in limited circumstances, the "interested shareholder" will not have
become the beneficial owner of additional voting shares of the
corporation.
Nevada
law permits a Nevada corporation to "opt out" of the application of the Business
Combinations statute by inserting a provision doing so in its original Articles
of Incorporation or Bylaws. We have not inserted such a provision our Articles
of Incorporation or our Bylaws. The Articles may be amended at any time to
subject us to the effect of the "Business Combinations" statutes. Under Nevada
law, our Articles of Incorporation may be amended pursuant to a resolution
adopted by our Board of Directors and ratified by a vote of a majority of the
voting power of our outstanding voting stock.
Nevada's
"Control Share Acquisition" statute, Sections 78.378 through 78.3793 of the
Nevada Revised Statutes, prohibits an acquirer, under certain circumstances,
from voting shares of a target corporation's stock after crossing certain
threshold ownership percentages, unless the acquirer obtains the approval of the
target corporation's shareholders. The statute specifies three thresholds: at
least one-fifth but less than one-third, at least one-third but less than a
majority, and a majority or more, of all the outstanding voting power. Once an
acquirer crosses one of the above thresholds, shares, which it acquired in the
transaction taking it over the threshold or within ninety days, become "Control
Shares" which are deprived of the right to vote until a majority of the
disinterested shareholders restore that right. A special shareholders' meeting
may be called at the request of the acquirer to consider the voting rights of
the acquirer's shares no more than 50 days (unless the acquirer agrees to a
later date) after the delivery by the acquirer to the corporation of an
information statement which sets forth the range of voting power that the
acquirer has acquired or proposes to acquire and certain other information
concerning the acquirer and the proposed control share acquisition. If no such
request for a shareholders' meeting is made, consideration of the voting rights
of the acquirer's shares must be taken at the next special or annual
shareholders' meeting. If the shareholders fail to restore voting rights to the
acquirer or if the acquirer fails to timely deliver an information statement to
the corporation, then the corporation may, if so provided in its Articles of
Incorporation or Bylaws, call certain of the acquirer's shares for redemption.
The Control Share Acquisition statute also provides that the shareholders who do
not vote in favor of restoring voting rights to the Control Shares may demand
payment for the "fair value" of their shares (which is generally equal to the
highest price paid in the transaction subjecting the shareholder to the
statute).
The
Control Share Acquisition statute only applies to Nevada corporations with at
least 200 shareholders, including at least 100 shareholders who have addresses
in Nevada appearing on the stock ledger of the corporation, and which do
business directly or indirectly in Nevada. We do not have at least 100
shareholders who have addresses in Nevada appearing on our stock ledger.
Therefore, the Control Share Acquisition statute does not currently apply to us.
If the "Business Combination" statute and/or the "Control Share Acquisition"
statute become applicable to us in the future, the cumulative effect of these
terms may be to make it more difficult to acquire and exercise control over us
and to make changes in management more difficult.
Certificate of
incorporation
.  Our certificate of incorporation provides for
the authorization of our board of directors to issue, without further action by
the stockholders, up to 25,000,000 shares of preferred stock in one or more
series and to fix the rights, preferences, privileges and restrictions on the
preferred stock.
These provisions are intended to
enhance the likelihood of continuity and stability in the composition of our
board of directors and in the policies formulated by our board of directors and
to discourage transactions that may involve an actual or threatened change of
control of Striker Oil & Gas, Inc.  These provisions are designed
to reduce the vulnerability of Striker Oil & Gas, Inc. to an unsolicited
proposal for a takeover of Striker Oil & Gas, Inc.  However, these
provisions could discourage potential acquisition proposals and could delay or
prevent a change in control of Striker Oil & Gas, Inc.  These
provisions may also have the effect of preventing changes in the management of
Striker Oil & Gas, Inc
.
LEGAL
MATTERS
The
validity of the common stock issuable under the Plan has been passed upon for us
by Brewer & Pritchard, PC.  Thomas Pritchard has received shares
of common stock in lieu of cash for past services rendered and in the future may
receive shares of common stock for services rendered.  Neither Thomas
Pritchard nor Brewer & Pritchard currently own any shares of the Company's
common stock.
Neither
Thomas C. Pritchard, nor the law firm of Brewer & Pritchard has been
employed on a contingent basis.  Other than the shares of Company common
stock to be issued, neither Mr. Pritchard nor Brewer & Pritchard has or is
to receive a substantial interest direct or indirect in Registrant, nor are
either of them connected with Registrant other than in their role as outside
legal counsel for the Company.
EXPERTS
The
financial statements incorporated in this Prospectus by reference to the
Annual Report on Form 10-KSB for the year ended December 31, 2007 have been so
incorporated in reliance on the report of Malone & Bailey, an independent
registered public accounting firm, given on the authority of said firm as
experts in auditing and accounting.
PART
II
ITEM
3.
INCORPORATION OF
DOCUMENTS BY REFERENCE
The
following documents filed by Striker Oil & Gas, Inc. ("the Company") with
the Securities and Exchange Commission ("SEC") are incorporated in this Form S-8
by reference:
(1)
The
      Company's Annual Report on Form 10-KSB for the fiscal year ended December
      31, 2007, filed on April 15, 2008;
(2)
Quarterly
      Reports on Form 10-QSB for the quarters ended March 31, 2007, filed on May
      16, 2007, as amended on October 7, 2007; June 30, 2007, filed on August
      16, 2007, as amended on October 9, 2007; and September 30, 2007, filed on
      November 14, 2007;
(3)
Current
      Reports on Form 8-K, filed on January 16, 2008; January 18, 2008; February
      21, 2008, February 26, 2008, as amended on February 29, 2008; and March
      14, 2008.
(4)
The
      description of the Company's common stock contained in the Company's Form
      10-SB filed September 27, 1999 (File No. 000-27467; Accession Number
      0000890566-99-001311), including any amendment or report filed for the
      purpose of updating such
description.
*           All
documents filed by Striker Oil & Gas, Inc., with the SEC pursuant to
Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934,
as amended, subsequent to the date of this Registration Statement and prior to
the termination of the offering to which it relates shall be deemed to be
incorporated by reference into this Registration Statement and to be a part
hereof from the date of filing of such documents. Any statement contained herein
or in a document incorporated by reference or deemed to be incorporated by
reference herein shall be deemed to be modified or superseded for purposes of
this Registration Statement to the extent that the statement is modified or
superseded by any other subsequently filed document which is incorporated or is
deemed to be incorporated by reference herein. Any statement so modified or
superseded shall not be deemed, except as so modified or superseded, to
constitute a part of this Registration Statement. Nothing in this Registration
Statement shall be deemed to incorporate information furnished by us but not
filed with the SEC pursuant to Items 2.02, 7.01 or 9.01 of Form
8-K.
ITEM
4.
DESCRIPTION OF
SECURITIES
Our
common stock is registered under Section 12(g) of the Securities Exchange Act of
1934 and is listed on the Over-The-Counter Bulletin Board under the symbol
"UNCI."
ITEM 5.
INTERESTS OF NAMED
EXPERTS AND COUNSEL
The law
firm of Brewer & Pritchard, of which Thomas C. Pritchard is a member, has
provided legal advice to the Registrant, and has also, rendered a legal opinion
attached hereto as an Exhibit, as to the validity and due issuance of the shares
of the Company's common stock to be issued and registered hereby. Brewer &
Pritchard does not currently own any shares of the Company's common stock;
however, the Company will from time to time issue shares of its common stock to
Brewer & Pritchard or Thomas C. Pritchard as payment for legal services
rendered.  Neither Thomas C. Pritchard, nor the law firm of Brewer &
Pritchard has been employed on a contingent basis.  Other than the shares
of Company common stock to be issued, neither Mr. Pritchard nor Brewer &
Pritchard has or is to receive a substantial interest direct or indirect in
Registrant, nor are either of them connected with Registrant other than in their
role as outside legal counsel for the Company.
ITEM 6.
INDEMNIFICATION OF
DIRECTORS AND OFFICERS
The
Company's officers and directors are indemnified as provided by the Nevada
Revised Statutes and the Company's bylaws.
Under the
Nevada Revised Statutes, director immunity from liability to a company or its
shareholders for monetary liabilities applies automatically unless it is
specifically limited by a company's Articles of Incorporation, the Bylaws or by
Agreement. The Articles of Incorporation do not specifically limit the
directors' liability; however the Bylaws specify the extent and nature of any
liability of directors, as detailed below. There are currently no agreements in
effect, which would limit such liability. Excepted from that immunity are: (a) a
willful failure to deal fairly with the company or its shareholders in
connection with a matter in which the director has a material conflict of
interest; (b) a violation of criminal law, unless the director had reasonable
cause to believe that his or her conduct was lawful or no reasonable cause to
believe that his or her conduct was unlawful; (c) a transaction from which the
director derived an improper personal profit; and (d) willful
misconduct.
Our
bylaws provide that the Company will indemnify the directors and officers to the
fullest extent not prohibited by Nevada law; provided, however, that the Company
may modify the extent of such indemnification by individual contracts with the
directors and officers; and, provided, further, that we shall not be required to
indemnify any director or officer in connection with any proceeding, or part
thereof, initiated by such person unless such indemnification: (a) is expressly
required to be made by law, (b) the proceeding was authorized by the board of
directors, (c) is provided by us, in our sole discretion, pursuant to the powers
vested us under Nevada law or (d) is required to be made pursuant to the
bylaws.
The
Company's bylaws provide that the Company will advance to any person who was or
is a party or is threatened to be made a party to any threatened, pending or
completed action, suit or proceeding, whether civil, criminal, administrative or
investigative, by reason of the fact that he is or was a director or officer, of
the company, or is or was serving at the request of the company as a director or
executive officer of another company, partnership, joint venture, trust or other
enterprise, prior to the final disposition of the proceeding, promptly following
request therefore, all expenses incurred by any director or officer in
connection with such proceeding upon receipt of an undertaking by or on behalf
of such person to repay said amounts if it should be determined ultimately that
such person is not entitled to be indemnified under the bylaws or
otherwise.
The
Company's bylaws provide that no advance shall be made by it to an officer of
the company, except by reason of the fact that such officer is or was a director
of the Company in which event this paragraph shall not apply, in any action,
suit or proceeding, whether civil, criminal, administrative or investigative, if
a determination is reasonably and promptly made: (a) by the board of directors
by a majority vote of a quorum consisting of directors who were not parties to
the proceeding, or (b) if such quorum is not obtainable, or, even if obtainable,
a quorum of disinterested directors so directs, by independent legal counsel in
a written opinion, that the facts known to the decision-making party at the time
such determination is made demonstrate clearly and convincingly that such person
acted in bad faith or in a manner that such person did not believe to be in or
not opposed to the best interests of the Company. Insofar as indemnification for
liabilities arising under the Securities Act of 1933 may be permitted to
directors, officers or persons controlling an issuer pursuant to the foregoing
provisions, the opinion of the Commission is that such indemnification is
against public policy as expressed in the Securities Act of 1933 and is
therefore unenforceable.
ITEM
7.
EXEMPTION FROM
REGISTRATION CLAIMED
Not
applicable.
ITEM
8.
EXHIBITS
Exhibit
No.
Identification of
Exhibit
4.1
2007 Stock
      Option Plan
5.1
Opinion of
      Brewer & Pritchard, P.C.
23.1
Consent of Brewer &
Pritchard, P.C. *
23.2
Consent of
Independent Auditor
_____________________
* I
ncluded in its opinion filed as Exhibit
5.1
ITEM
9.
UNDERTAKINGS
(a)           The
undersigned Registrant hereby undertakes:
(1)
To
      file, during any period in which offers or sales are being made, a
      post-effective amendment to this registration
  statement:
i.      To
include any prospectus required by Section 10(a) (3) of the Act;
ii.
To
      reflect in the prospectus any facts or events arising after the effective
      date of the Registration Statement (or the most recent post-effective
      amendment thereof) which, individually or in the aggregate, represent a
      fundamental change in the information set forth in the Registration
      Statement.  Notwithstanding the foregoing, any increase or
      decrease in volume of securities offered (if the total dollar value of
      securities offered would not exceed that which was registered) and any
      deviation from the low or high and of the estimated maximum offering range
      may be reflected in the form of prospectus filed with the Commission
      pursuant to Rule 424(b) if, in the aggregate, the changes in volume and
      price represent no more than 20 percent change in the maximum aggregate
      offering price set forth in the "Calculation of Registration Fee" table in
      the effective registration statement;
and
iii.
To
      include any material information with respect to the plan of distribution
      not previously disclosed in the registration statement or any material
      change to such information in the registration
  statement.
Provided,
however, that paragraphs (a) (1) (i) and (ii) do not apply if the registration
statement is on Form S-3 or Form S-8, and the information required to be
included in a post-effective amendment by those paragraphs is contained in
periodic reports filed with or furnished to the Commission by the registrant
pursuant to Section 13 or 15(d) of the Exchange Act that are incorporated by
reference in the registration statement.
(2)
That,
      for the purpose of determining any liability under the Securities Act,
      each such post-effective amendment shall be deemed to be a new
      registration statement relating to the securities offered therein, and the
      offering of such securities at that time shall be deemed to be the initial
      bona fide offering thereof.
(3)
To
      remove from registration by means of a post-effective amendment any of the
      securities being registered which remain unsold at the termination of the
      offering.
(b)
The
      undersigned Registrant hereby undertakes that, for purposes of determining
      liability under the Securities Act, each filing of the Registrant's annual
      report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where
      applicable, each filing of an employee benefit plan's annual report
      pursuant to Section 15(d) of the Exchange Act) that is incorporated by
      reference in the registration statement shall be deemed to be a new
      registration statement relating to the securities offered therein, and the
      offering of such securities at that time shall be deemed to be the initial
      bona fide offering thereof.
(c)
Insofar
      as indemnification for liabilities arising under the Securities Act may be
      permitted to directors, officers and controlling persons of the Registrant
      pursuant to the provisions described in Item 6 above, or otherwise, the
      Registrant has been advised that in the opinion of the Securities and
      Exchange Commission such indemnification is against public policy as
      expressed in the Securities Act and is, therefore,
      unenforceable.  In the event that a claim for indemnification
      against such liabilities (other than the payment by the Registrant of
      expenses incurred or paid by a director, officer or controlling person of
      the Registrant in the successful defense of any action, suit or
      proceeding) is asserted by such director, officer or controlling person in
      connection with the securities being registered, the Registrant will,
      unless in the opinion of its counsel the matter has been settled by
      controlling precedent, submit to a court of appropriate jurisdiction the
      question whether such indemnification by it is against public policy as
      expressed in the Securities Act and will be governed by the final
      adjudication of such issue.
SIGNATURES
Pursuant
to the requirements of the Securities Act of 1933, the Registrant certifies that
it has reasonable grounds to believe that it meets all of the requirements for
filing on Form S-8 and has duly caused this registration statement to be signed
on its behalf by the undersigned, thereunto duly authorized, in Houston, Texas
on this 30th day of April, 2008.
STRIKER
OIL & GAS, INC., INC.
By:
/S/ Kevan Casey
Kevan Casey, Chief
Executive Officer
Pursuant
to the requirements of the Securities Act of 1933, this registration statement
has been signed by the following persons in the capacities indicated on this
30
th
day of April, 2008.
Signature
Title
Date
/S/ Kevan Casey
Kevan
      Casey
Chief
      Executive Officer &
Chairman
      of the Board
April
      30, 2008
/S/ Steven M.
      Plum
Steven
      M. Plumb
Chief
      Financial Officer
April
      30, 2008
/S/
      Robert G. Wonish
Robert
      G. Wonish
Director
April
      30, 2008
EXHIBIT
4.1
2007
STOCK OPTION PLAN
EXHIBIT
5.1
OPINION
AND CONSENT OF COUNSEL
April 30,
2008
Striker
Oil & Gas, Inc.
Ladies
and Gentlemen:
We have
examined the registration statement on Form S-8 of Striker Oil & Gas, Inc.,
a Nevada corporation (the "Registrant"), to be filed with the Securities and
Exchange Commission (the "Registration Statement"), relating to the registration
under the Securities Act of 1933, as amended, of 1,200,000 shares of the
Registrant's common stock, $.001 par value per share (the "Common Stock"), under
the plan described in the Registration Statement (the "Plan").
As your
counsel in connection with this transaction, we have examined the proceedings
taken and are familiar with the proceedings proposed to be taken by you in
connection with the issuance and sale of the Common Stock pursuant to the
Plan.
We are of
the opinion that the shares of Common Stock, when issued and sold in the manner
described in the Registration Statement and the exhibits thereto, will be
legally and validly issued, fully-paid and non-assessable.
We have
received shares of common stock in lieu of cash for past services rendered and
in the future may receive shares of common stock for services
rendered.  We currently do not own any shares of the Company's common
stock.
We
consent to the use of this opinion as an exhibit to the Registration Statement
and further consent to all references to us in the Registration Statement and
any amendments thereto.
Very
truly yours,
/S/ Brewer & Pritchard,
PC
Brewer
& Pritchard, PC
EXHIBIT
23.2
CONSENT
OF INDEPENDENT AUDITOR
We hereby
consent to the incorporation by reference in this Form S-8 Registration
Statement under the Securities Act of 1933 of Striker Oil & Gas, Inc. (the
"Company") dated April 30, 2008, of our report dated April 14, 2008,
relating to the Company's consolidated financial statements appearing in the
Form 10-KSB for the year ended December 31, 2007.
DATED
April 30, 2008
/S/
Malone & Bailey, PC
Malone & Bailey, PC