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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>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">
          <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-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">(Address
of Principal Executive Office)</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">2008 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; 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; BORDER-LEFT: 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; BORDER-LEFT: black 0.85pt solid">
              <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; BORDER-LEFT: black 0.85pt 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">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; BORDER-LEFT: black 0.85pt 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">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-RIGHT: black 2.55pt double; BORDER-TOP: black 2.55pt double; BORDER-LEFT: black 0.85pt 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">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%" style="BORDER-LEFT: black 2.55pt 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">Common
      Stock, par value $0.001 per share</font></div>
            </td>
            <td valign="middle" width="13%" style="BORDER-LEFT: black 0.85pt solid">
              <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">4,000,000</font></div>
            </td>
            <td valign="middle" width="16%" style="BORDER-LEFT: black 0.85pt solid">
              <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">$0.08</font></div>
            </td>
            <td valign="middle" width="16%" style="BORDER-LEFT: black 0.85pt solid">
              <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">$320,000</font></div>
            </td>
            <td valign="middle" width="11%" style="BORDER-RIGHT: black 2.55pt double; BORDER-LEFT: black 0.85pt solid">
              <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">$13</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" colspan="4" valign="top" width="67%" style="BORDER-LEFT: black 2.55pt double; 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-RIGHT: black 2.55pt double; BORDER-LEFT: black 0.85pt solid; 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">$13</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.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#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 2008 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; 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: 72pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a name="fis_registrant_information">ITEM 2.</a></font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">REGISTRANT
      INFORMATION AND EMPLOYEE PLAN ANNUAL INFORMATION
  </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">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">Kevan
Casey</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>
    <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="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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</font></div>
      </div>
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</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="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">RESALE PROSPECTUS</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; COLOR: #000000">4</font><font style="DISPLAY: inline; COLOR: #000000">,</font><font style="DISPLAY: inline; COLOR: #000000">0</font><font style="DISPLAY: inline; COLOR: #000000">00,000 SHARES OF COMMON STOCK
OF</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; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">STRIKER OIL &amp; GAS,
INC.</font></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"><font style="DISPLAY: inline; COLOR: #000000">This Resale Prospectus relates to the
offer and sale of up </font><font style="DISPLAY: inline; COLOR: #000000">to
4</font><font style="DISPLAY: inline; COLOR: #000000">,</font><font style="DISPLAY: inline; COLOR: #000000">0</font><font style="DISPLAY: inline; COLOR: #000000">00,000 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></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; COLOR: #000000">Our common stock is traded on the
</font>Over-The-Counter Bulletin Board<font style="DISPLAY: inline; COLOR: #000000"> under the symbol </font><font style="DISPLAY: inline; COLOR: #000000">&#8220;SOIS&#8221;</font><font style="DISPLAY: inline; COLOR: #000000"> On </font><font style="DISPLAY: inline; COLOR: #000000">January 5</font><font style="DISPLAY: inline; COLOR: #000000">, 200</font><font style="DISPLAY: inline; COLOR: #000000">9</font><font style="DISPLAY: inline; COLOR: #000000">, the closing price of a share of our
common stock was $</font><font style="DISPLAY: inline; COLOR: #000000">0.08
</font><font style="DISPLAY: inline; COLOR: #000000">per
share.</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; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">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></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; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">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></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; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">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></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"><font style="DISPLAY: inline; COLOR: #000000">INVESTING IN OUR COMMON STOCK INVOLVES
RISKS. SEE </font><font style="DISPLAY: inline; COLOR: #000000">&#8220;</font><font style="DISPLAY: inline; COLOR: #000000">RISK FACTORS</font><font style="DISPLAY: inline; COLOR: #000000">&#8221;</font><font style="DISPLAY: inline; COLOR: #000000"> BEGINNING ON PAGE </font><font style="DISPLAY: inline; COLOR: #000000">2</font><font style="DISPLAY: inline; COLOR: #000000">.</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; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">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></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">&#160;&#160;&#160;</font></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"><font style="DISPLAY: inline; COLOR: #000000">The date of this Resale Prospectus is
</font>January <font style="DISPLAY: inline; COLOR: #000000">28,
2009</font></font></div><br>
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</font></div>
      </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>
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        <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; 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; FONT-SIZE: 10pt; COLOR: #000000">TABLE OF
CONTENTS</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
      <div>
        <table cellpadding="0" cellspacing="0" width="100%">
            <tr>
              <td valign="top" width="72%" style="BORDER-TOP: black 0.5pt solid; BORDER-LEFT: black 0.5pt solid; BORDER-BOTTOM: black 2px solid">
                <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">Risk
      Factors</font></div>
              </td>
              <td align="right" valign="top" width="8%" style="BORDER-RIGHT: black 0.5pt solid; BORDER-TOP: black 0.5pt solid; BORDER-LEFT: black 0.5pt solid; BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">2</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="72%" style="BORDER-LEFT: black 0.5pt solid; BORDER-BOTTOM: black 2px solid">
                <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">Where
      You can Find More Information</font></div>
              </td>
              <td valign="top" width="8%" style="BORDER-RIGHT: black 0.5pt solid; BORDER-LEFT: black 0.5pt solid; BORDER-BOTTOM: black 2px solid">
                <div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;6</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="72%" style="BORDER-LEFT: black 0.5pt solid; BORDER-BOTTOM: black 2px solid">
                <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">Incorporation
      of Certain Documents by Reference</font></div>
              </td>
              <td valign="top" width="8%" style="BORDER-RIGHT: black 0.5pt solid; BORDER-LEFT: black 0.5pt solid; BORDER-BOTTOM: black 2px solid">
                <div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      7</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="72%" style="BORDER-LEFT: black 0.5pt solid; BORDER-BOTTOM: black 2px solid">
                <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">Note
      Regarding Forward Looking Statements</font></div>
              </td>
              <td valign="top" width="8%" style="BORDER-RIGHT: black 0.5pt solid; BORDER-LEFT: black 0.5pt solid; BORDER-BOTTOM: black 2px solid">
                <div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      8</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="72%" style="BORDER-LEFT: black 0.5pt solid; BORDER-BOTTOM: black 2px solid">
                <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">Use
      of Proceeds</font></div>
              </td>
              <td valign="top" width="8%" style="BORDER-RIGHT: black 0.5pt solid; BORDER-LEFT: black 0.5pt solid; BORDER-BOTTOM: black 2px solid">
                <div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      9</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="72%" style="BORDER-LEFT: black 0.5pt solid; BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">Dilution</font></font></div>
              </td>
              <td valign="top" width="8%" style="BORDER-RIGHT: black 0.5pt solid; BORDER-LEFT: black 0.5pt solid; BORDER-BOTTOM: black 2px solid">
                <div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      10</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="72%" style="BORDER-LEFT: black 0.5pt solid; BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">Selling
      Stockholders</font></font></div>
              </td>
              <td valign="top" width="8%" style="BORDER-RIGHT: black 0.5pt solid; BORDER-LEFT: black 0.5pt solid; BORDER-BOTTOM: black 2px solid">
                <div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      11</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="72%" style="BORDER-LEFT: black 0.5pt solid; BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">Plan of
      Distribution</font></font></div>
              </td>
              <td valign="top" width="8%" style="BORDER-RIGHT: black 0.5pt solid; BORDER-LEFT: black 0.5pt solid; BORDER-BOTTOM: black 2px solid">
                <div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      12</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="72%" style="BORDER-LEFT: black 0.5pt solid; BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">Description of Securities to be
      Registered</font></font></div>
              </td>
              <td valign="top" width="8%" style="BORDER-RIGHT: black 0.5pt solid; BORDER-LEFT: black 0.5pt solid; BORDER-BOTTOM: black 2px solid">
                <div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      13</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="72%" style="BORDER-LEFT: black 0.5pt solid; BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">Legal
    Matters</font></font></div>
              </td>
              <td valign="top" width="8%" style="BORDER-RIGHT: black 0.5pt solid; BORDER-LEFT: black 0.5pt solid; BORDER-BOTTOM: black 2px solid">
                <div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      14</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="72%" style="BORDER-LEFT: black 0.5pt solid; BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">Experts</font></font></div>
              </td>
              <td valign="top" width="8%" style="BORDER-RIGHT: black 0.5pt solid; BORDER-LEFT: black 0.5pt solid; BORDER-BOTTOM: black 2px solid">
                <div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      15</font></div>
              </td>
            </tr>
        </table>
      </div>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</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" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">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.</font><a name="gmnh101" /></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">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="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
Have a History of Losses Which May Continue, Which May Negatively Impact Our
Ability to Achieve Our Business Objectives.</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; TEXT-ALIGN: justify" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
incurred a net loss of $1,946,768 <font style="DISPLAY: inline; COLOR: #000000">for the fiscal year ended December 31,
2007 and a net loss of </font>$<font style="DISPLAY: inline; COLOR: #000000">3,310,279 for the fiscal year ended
December 31, 2006</font>.&#160;&#160;We cannot assure you that we can achieve or
sustain profitability on a quarterly or annual basis in the
future.&#160;&#160;Our operations are subject to the risks and competition
inherent in the establishment of a business enterprise.&#160;&#160;There can be
no assurance that our future operations will be profitable.&#160;&#160;Revenues
and profits, if any, will depend upon various factors, including whether we will
be able to continue expansion of our revenue.&#160;&#160;We may not achieve our
business objectives and the failure to achieve such goals would have an adverse
impact on us.</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"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
We Are Unable to Obtain Additional Funding Our Business Operations Will be
Harmed and If We Do Obtain Additional Financing Our Then Existing Shareholders
May Suffer Substantial Dilution.</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="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We will
require approximately $5.5 million to sustain and expand our exploration and
drilling activities during fiscal 2008.&#160;&#160;We believe that we will have
sufficient working capital to fund our current operations and debt payments for
the next twelve months; however, we will need to raise additional funds to
expand our drilling and exploration activities.&#160;&#160;Additional capital
will be required to effectively support the operations and to otherwise
implement our overall business strategy.&#160;&#160;There can be no assurance
that financing will be available in amounts or on terms acceptable to us, if at
all.&#160;&#160;The inability to obtain additional capital will restrict our
ability to grow and may reduce our ability to continue to expand our business
operations.&#160;&#160;If we are unable to obtain additional financing, we will
likely be required to curtail our development plans.&#160;&#160;Any additional
equity financing may involve substantial dilution to our 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="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
Are Currently Dependent on Other Oil and Gas Operators for Operations on Our
Properties.</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="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Some of
our current operations are properties in which we own a minority
interest.&#160;&#160;As a result, the drilling and operations are conducted by
other operators, upon which we are reliant for successful drilling and
revenues.&#160;&#160;In addition, as a result of our dependence on others for
operations on our properties, we have 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 we anticipate
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 our 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="left"><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 Our
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 our 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 our financial performance.</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; TEXT-ALIGN: justify" align="left"><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 our 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 us 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="left"><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 We
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;We compete 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;We
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="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
Natural Gas or Crude Oil Prices Decrease or Our Exploration and Development
Efforts Are Unsuccessful, We May Be Required to Take Write Downs.</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="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Our
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;We follow the
full cost method of accounting for our 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 us to record
a write down.</font></div>
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    </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">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 Our 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; 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">In order
to prepare these estimates, we and independent petroleum engineers engaged by us
must project production rates and timing of development
expenditures.&#160;&#160;We 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 our
estimates.&#160;&#160;Any significant variance could materially affect the
estimated quantities and present value of reserves disclosed
herein.&#160;&#160;In addition, we 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 our
control.</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; 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"><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="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
profitably.</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>
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    <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 Mr. Robert Wonish, Chief
Operating Officer.&#160;&#160;Loss of the services of Mr. Casey or Mr. Wonish
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 or Mr. Wonish.&#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 58.8% 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>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
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          <tr valign="top">
            <td align="right" style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#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">Election
      of the board of directors;</font></div>
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          </tr>
      </table>
    </div>
    <div>
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            </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">Removal
      of any of the directors;</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">
          <tr valign="top">
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            </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">Amendment
      of the company&#8217;s certificate of incorporation or bylaws;
    and</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div>
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          <tr valign="top">
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            </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">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>
            </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"><a name="list">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.</a></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; 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">There
Are a Large Number of Shares Underlying Our Convertible Debentures and Warrants
That May Be Available for Future Sale and the Sale of These Shares May Depress
the Market Price of Our Common 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">As of
September 30, 2008, we had 24,417,574 shares of common stock issued and
outstanding and convertible debentures outstanding that may be converted into an
estimated 6,198,927 shares of common stock and outstanding warrants to purchase
4,346,537 shares of common stock.&#160;&#160;The sale of these shares may
adversely affect the market price of our 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 Our
Existing Stockholders.</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
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 our 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
We Are Required for Any Reason to Repay Our Outstanding Secured Convertible
Debentures, We Would Be Required to Deplete Our Working Capital, if Available,
or Raise Additional Funds.&#160;&#160;Our Failure to Repay the Convertible
Debentures, if Required, Could Result in Legal Action Against Us, Which Could
Require the Sale of Substantial Assets.</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">In May
2007, we entered into a securities purchase agreement for the sale of $7,000,000
principal amount of secured convertible debentures.&#160;&#160;In February 2008,
we amended the securities purchase agreement.&#160;&#160;The amended secured
convertible debentures are due and payable, with 14% interest, 42 months from
the date of issuance, unless sooner converted into shares of our common stock,
require monthly payments of principal and interest of $100,000 beginning on
March 1, 2008 and a one one-time balloon payment of $1,300,000 due and payable
on December 31, 2009.&#160;&#160;Any event of default such as our failure to
repay the principal or interest when due, our failure to issue shares of common
stock upon conversion by the holder, our 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 our properties or business, the filing
of a money judgment, writ or similar process against our company in excess of
$50,000, the commencement of a bankruptcy, insolvency, reorganization or
liquidation proceeding against us and the delisting of our 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 with the specified grace
period.&#160;&#160;We anticipate that the full amount of the secured convertible
debentures will be converted into shares of our common stock, in accordance with
the terms of the secured convertible debentures.&#160;&#160;If we were required
to repay the secured convertible debentures, we would be required to use our
limited working capital and raise additional funds.&#160;&#160;If we were unable
to repay the secured convertible debentures when required, the debenture holders
could commence legal action against us and foreclose on all of our assets to
recover the amounts due.&#160;&#160;Any such action would require us to curtail
or possibly cease operations.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</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"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Page -
4</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">
        </div>
      </div>
    </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 Our 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, we executed a security
agreement in favor of the investor granting it a first priority security
interest in certain of our 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 our 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 our
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>
    <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;" face="Symbol, serif">&#183;&#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">that
      a broker or dealer approve a person's account for transactions in penny
      stocks; and</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;" face="Symbol, serif">&#183;&#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
      broker or dealer receive from the investor a written agreement to the
      transaction, setting forth the identity and quantity of the penny stock to
      be purchased.</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">In order
to approve a person's account for transactions in penny stocks, the broker or
dealer must:</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;" face="Symbol, serif">&#183;&#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">obtain
      financial information and investment experience objectives of the person;
      and</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;" face="Symbol, serif">&#183;&#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">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>
            </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">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>
    <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;" face="Symbol, serif">&#183;&#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">sets
      forth the basis on which the broker or dealer made the suitability
      determination; and</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;" face="Symbol, serif">&#183;&#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">that
      the broker or dealer received a signed, written agreement from the
      investor prior to the transaction</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">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 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"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Page -
5</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">
        </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; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">WHERE YOU CAN FIND MORE
INFORMATION</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 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; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">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></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 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">
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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; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">INCORPORATION OF CERTAIN DOCUMENTS BY
REFERENCE</font></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"><font style="DISPLAY: inline; COLOR: #000000">The SEC allows us to </font><font style="DISPLAY: inline; COLOR: #000000">&#8220;</font><font style="DISPLAY: inline; COLOR: #000000">incorporate by reference</font><font style="DISPLAY: inline; COLOR: #000000">&#8221;</font><font style="DISPLAY: inline; COLOR: #000000"> 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></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; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(1)</font>&#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, <font style="DISPLAY: inline; COLOR: #000000">filed on
      </font><font style="DISPLAY: inline; COLOR: #000000">April 15</font><font style="DISPLAY: inline; COLOR: #000000">, 200</font><font style="DISPLAY: inline; COLOR: #000000">8, as amended on July 2, 2008 and
      September 24, 2008</font><font style="DISPLAY: inline; COLOR: #000000">;</font></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; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(2)</font>&#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"><font style="DISPLAY: inline; COLOR: #000000">Quarterly Reports on Form 10-QSB
      for the quarters ende</font><font style="DISPLAY: inline; COLOR: #000000">d March 31, 2007, filed on May
      16</font><font style="DISPLAY: inline; COLOR: #000000">, 2007</font><font style="DISPLAY: inline; COLOR: #000000">, as amended on October 7,
      2007</font><font style="DISPLAY: inline; COLOR: #000000">; June 30, 2007,
      filed on August </font><font style="DISPLAY: inline; COLOR: #000000">16</font><font style="DISPLAY: inline; COLOR: #000000">, 2007</font><font style="DISPLAY: inline; COLOR: #000000">, as amended on October 9, 2007;
      September 30, 2007, filed on November 14, 2007; March 31, 2008, filed on
      July 2, 2008, as amended on July 2, 2008 and September 29, 2008; June 30,
      2008, filed on August 19, 2008; and September 30, 2008, filed on November
      19, 2008.</font></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; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(3)</font>&#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"><font style="DISPLAY: inline; COLOR: #000000">Current Reports on Form 8-K, filed
      on </font><font style="DISPLAY: inline; COLOR: #000000">January 16, 2008;
      January 18, 2008; February 21, 2008, February 26, 2008, as amended on
      February 29, 2008; March 14, 2008; April 18, 2008; April 25, 2008; April
      25, 2008; July 7, 2008; August 8, 2008, as amended on August 12, 2008;
      October 3, 2008, October 29, 2008, December 29, 2008 and December 30,
      2008.</font></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"><font style="DISPLAY: inline; COLOR: #000000">*</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">All documents filed by </font><font style="DISPLAY: inline; COLOR: #000000">Strikcer Oil &amp; Gas,</font><font style="DISPLAY: inline; COLOR: #000000"> 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></font></div>
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    <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="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><a name="gmnh103"><font style="DISPLAY: inline; COLOR: #000000">NOTE REGARDING
FORWARD LOOKING STATEMENTS</font></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">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; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">&#160;&#160;&#160;&#160;&#160;</font></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></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><a name="eolPage14" /><a name="FIS_PROPERTIES"><br></a></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
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    </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; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">USE OF PROCEEDS</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; COLOR: #000000">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
</font><font style="DISPLAY: inline; COLOR: #000000">&#8220;</font><font style="DISPLAY: inline; COLOR: #000000">Selling Stockholders</font><font style="DISPLAY: inline; COLOR: #000000">&#8221;</font><font style="DISPLAY: inline; COLOR: #000000"> and </font><font style="DISPLAY: inline; COLOR: #000000">&#8220;</font><font style="DISPLAY: inline; COLOR: #000000">Plan of Distribution.</font><font style="DISPLAY: inline; COLOR: #000000">&#8221;</font><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">
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        </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; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">DILUTION</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">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
September 30, 2008, the net tangible book value of our common stock was
$6,494,290 or $0.27 per share, based upon <font style="DISPLAY: inline; COLOR: #000000">24,417,574 </font>shares outstanding on
September 30, 2008.&#160;&#160;Due to the nature of the 2008 Stock Option Plan,
the purchase price paid by our officer, directors, employees and consultants
under the 2008 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 $0.08 per share.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><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 4,000,000
shares at an offering price of $0.08 per share (based upon the closing price of
our common stock on January 5, 2009) and the application of the net proceeds of
$320,000, the pro forma net tangible book value of the Company&#8217;s common stock
after this offering will be $6,814,290 or $0.21 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 $0.08 per share of common stock and the net tangible book
value per share) after the offering of $(0.16) per share. The following table
illustrates such dilution:</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Per Share
Price &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;..&#8230;&#8230;&#8230;&#8230;&#8230;$ 0.08</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;..$ 0.27</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
Decrease Attributable to New Investors&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.$(0.026)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Per Share
Pro Forma Net Tangible Book Value After the Offering &#8230;&#8230;&#8230;.$ 0.21</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;$(0.160)</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; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">SELLING STOCKHOLDERS</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; COLOR: #000000">The selling stockholders will
be</font><font style="DISPLAY: inline; COLOR: #000000"> our current or future
officers, </font><font style="DISPLAY: inline; COLOR: #000000">directors</font><font style="DISPLAY: inline; COLOR: #000000">, consultants</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">and employees </font><font style="DISPLAY: inline; COLOR: #000000">who acquire shares of our common stock
pursuant to the Plan and are considered our </font><font style="DISPLAY: inline; COLOR: #000000">&#8220;</font><font style="DISPLAY: inline; COLOR: #000000">affiliates</font><font style="DISPLAY: inline; COLOR: #000000">&#8221;</font><font style="DISPLAY: inline; COLOR: #000000"> 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></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 4,000,000 were available for future
grants.</font></div>
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      </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; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">PLAN OF DISTRIBUTION</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; COLOR: #000000">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 </font><font style="DISPLAY: inline; COLOR: #000000">s</font><font style="DISPLAY: inline; COLOR: #000000">hares may be sold by one or more of the
following, without limitation:</font></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; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(a)</font>&#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"><font style="DISPLAY: inline; COLOR: #000000">a block trade in which the broker
      or dealer so engaged will attempt to sell the </font><font style="DISPLAY: inline; COLOR: #000000">s</font><font style="DISPLAY: inline; COLOR: #000000">hares as agent but may position
      and resell a portion of the block as principal to facilitate the
      transaction;</font></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; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(b)</font>&#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; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">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></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; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(c)</font>&#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; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">an exchange distribution in
      accordance with the rules of such exchange;
  and</font></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; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(d)</font>&#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; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">ordinary brokerage transactions
      and transactions in which the broker solicits
      purchasers.</font></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; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(1)</font>&#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"><font style="DISPLAY: inline; COLOR: #000000">t</font><font style="DISPLAY: inline; COLOR: #000000">he selling stockholder and sales
      to and through other broker-dealers or agents that participate with the
      selling stockholder in the sale of the </font><font style="DISPLAY: inline; COLOR: #000000">s</font><font style="DISPLAY: inline; COLOR: #000000">hares may be deemed to be
      </font><font style="DISPLAY: inline; COLOR: #000000">&#8220;</font><font style="DISPLAY: inline; COLOR: #000000">underwriters</font><font style="DISPLAY: inline; COLOR: #000000">&#8221;</font><font style="DISPLAY: inline; COLOR: #000000"> 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></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; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">&#160;&#160;</font></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"><font style="DISPLAY: inline; COLOR: #000000">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 </font><font style="DISPLAY: inline; COLOR: #000000">s</font><font style="DISPLAY: inline; COLOR: #000000">hares 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></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">&#160;&#160;&#160;&#160;</font></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"><font style="DISPLAY: inline; COLOR: #000000">&#160;There is no assurance that the
selling stockholder will sell all or any portion of the </font><font style="DISPLAY: inline; COLOR: #000000">s</font><font style="DISPLAY: inline; COLOR: #000000">hares covered by this Resale
Prospectus.</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; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">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.</font><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"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Page -
12</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">
        </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"><font style="DISPLAY: inline; COLOR: #000000">DESCRIPTION OF SECURITIES</font><font style="DISPLAY: inline; COLOR: #000000"> TO BE REGISTERED</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; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">General</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">We are authorized to issue </font><font style="DISPLAY: inline; COLOR: #000000">1,</font><font style="DISPLAY: inline; COLOR: #000000">5</font><font style="DISPLAY: inline; COLOR: #000000">0</font><font style="DISPLAY: inline; COLOR: #000000">0,000,000 shares of common stock, $.001
par value, and 25,000,000 shares of preferred stock, $0.001 par va</font><font style="DISPLAY: inline; COLOR: #000000">lue</font><font style="DISPLAY: inline; COLOR: #000000">.</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; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">Common Stock</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">As of </font><font style="DISPLAY: inline; COLOR: #000000">January 15</font><font style="DISPLAY: inline; COLOR: #000000">, 200</font><font style="DISPLAY: inline; COLOR: #000000">9</font><font style="DISPLAY: inline; COLOR: #000000">, there were</font><font style="DISPLAY: inline; COLOR: #000000"> 26,059,363</font><font style="DISPLAY: inline; COLOR: #000000"> shares of common stock issued and
outstanding that was held of record by approximately </font><font style="DISPLAY: inline; COLOR: #000000">1008</font><font style="DISPLAY: inline; COLOR: #000000"> stockholders</font><font style="DISPLAY: inline; COLOR: #000000"> of record</font><font style="DISPLAY: inline; COLOR: #000000">.</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">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></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">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 </font><font style="DISPLAY: inline; COLOR: #000000">Striker Oil
&amp; Gas</font><font style="DISPLAY: inline; COLOR: #000000">, 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></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><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; COLOR: #000000">Nevada</font><font style="DISPLAY: inline; COLOR: #000000"> anti-takeover statue and charter
provisions.</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; COLOR: #000000; FONT-STYLE: italic">Nevada</font><font style="DISPLAY: inline; COLOR: #000000; FONT-STYLE: italic"> anti-takeover
statue</font><font style="DISPLAY: inline; COLOR: #000000">.&#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></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; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">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></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; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">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></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"><font style="DISPLAY: inline; COLOR: #000000">Nevada</font><font style="DISPLAY: inline; COLOR: #000000"> law permits a </font><font style="DISPLAY: inline; COLOR: #000000">Nevada</font><font style="DISPLAY: inline; COLOR: #000000"> 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 </font><font style="DISPLAY: inline; COLOR: #000000">Nevada</font><font style="DISPLAY: inline; COLOR: #000000"> 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></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; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">Nevada&#8217;s &#8220;Control Share Acquisition&#8221;
statute, Sections 78.378 through 78.3793 of the Nevada Revised Statutes,
prohibits an acquiror, under certain circumstances, from voting shares of a
target corporation&#8217;s stock after crossing certain threshold ownership
percentages, unless the acquiror 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 acquiror
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 acquiror to consider the voting rights of
the acquiror&#8217;s shares no more than 50 days (unless the acquiror agrees to a
later date) after the delivery by the acquiror to the corporation of an
information statement which sets forth the range of voting power that the
acquiror has acquired or proposes to acquire and certain other information
concerning the acquiror and the proposed control share acquisition. If no such
request for a shareholders&#8217; meeting is made, consideration of the voting rights
of the acquiror&#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
acquiror or if the acquiror 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 acquiror&#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></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"><font style="DISPLAY: inline; COLOR: #000000">The Control Share Acquisition statute
only applies to </font><font style="DISPLAY: inline; COLOR: #000000">Nevada</font><font style="DISPLAY: inline; COLOR: #000000"> corporations with at least 200
shareholders, including at least 100 shareholders who have addresses in
</font><font style="DISPLAY: inline; COLOR: #000000">Nevada</font><font style="DISPLAY: inline; COLOR: #000000"> appearing on the stock ledger of the
corporation, and which do business directly or indirectly in </font><font style="DISPLAY: inline; COLOR: #000000">Nevada</font><font style="DISPLAY: inline; COLOR: #000000">. We do not have at least 100
shareholders who have addresses in </font><font style="DISPLAY: inline; COLOR: #000000">Nevada</font><font style="DISPLAY: inline; COLOR: #000000"> 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 becomes 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></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; FONT-STYLE: italic">Certificate of
incorporation</font><font style="DISPLAY: inline; COLOR: #000000">.&#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></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">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 </font><font style="DISPLAY: inline; COLOR: #000000">Striker Oil
&amp; Gas, Inc.</font><font style="DISPLAY: inline; COLOR: #000000">&#160;&#160;These provisions are
designed to reduce the vulnerability of </font><font style="DISPLAY: inline; COLOR: #000000">Striker Oil &amp; Gas, Inc.</font><font style="DISPLAY: inline; COLOR: #000000"> to an unsolicited proposal for a
takeover of </font><font style="DISPLAY: inline; COLOR: #000000">Striker Oil
&amp; Gas, Inc.</font><font style="DISPLAY: inline; COLOR: #000000">&#160;&#160;However, these provisions
could discourage potential acquisition proposals and could delay or prevent a
change in control of </font><font style="DISPLAY: inline; COLOR: #000000">Striker Oil &amp; Gas, Inc.</font><font style="DISPLAY: inline; COLOR: #000000">&#160;&#160;These provisions may also
have the effect of preventing changes in the management of </font><font style="DISPLAY: inline; COLOR: #000000">Striker Oil &amp; Gas,
Inc.</font></font></div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
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      </div>
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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; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">LEGAL MATTERS</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
validity of the common stock issuable under the Plan has been passed upon for us
by Brewer &amp; Pritchard, PC.<a name="gmnh109">&#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. 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.</a></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
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      </div>
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      </div>
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    </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; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">EXPERTS</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; COLOR: #000000">The financial statements and
management&#8217;s assessment of the effectiveness of internal control over financial
reporting (which is included in Management&#8217;s Report on Internal Control over
Financial Reporting) incorporated in this Prospectus by reference to the Annual
Report on Form 10-K</font><font style="DISPLAY: inline; COLOR: #000000">SB</font><font style="DISPLAY: inline; COLOR: #000000"> for the year </font><font style="DISPLAY: inline; COLOR: #000000">ended December 31, 200</font><font style="DISPLAY: inline; COLOR: #000000">7</font><font style="DISPLAY: inline; COLOR: #000000"> have been so incorporated in reliance
on the report of </font><font style="DISPLAY: inline; COLOR: #000000">Malone
&amp; Bailey</font><font style="DISPLAY: inline; COLOR: #000000">, an
independent registered public accounting firm, given on the authority of said
firm as experts in auditing and accounting.</font></font></div><br>
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</font></div>
      </div>
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</font></div>
      </div>
    </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">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><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><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: 54pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(1)</font>&#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, <font style="DISPLAY: inline; COLOR: #000000">filed on April 15,
      2008, as amended on July 2, 2008 and September 24, 2008</font><font style="DISPLAY: inline; COLOR: #000000">.</font></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: 54pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(2)</font>&#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; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">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; September 30, 2007, filed on November 14, 2007; March 31,
      2008, filed on July 2, 2008, as amended on July 2, 2008 and September 29,
      2008; June 30, 2008, filed on August 19, 2008; and September 30, 2008,
      filed on November 19, 2008.</font></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: 54pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(3)</font>&#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"><font style="DISPLAY: inline; COLOR: #000000">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; March 14, 2008; April 18, 2008;
      April 25, 2008; April 25, 2008; July 7, 2008; August 8, 2008, as amended
      on August 12, 2008; October 3, 2008, October 29, 2008, December 29, 2008
      and December 30, 2008</font><font style="DISPLAY: inline; COLOR: #000000">.</font></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: 54pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(4)</font>&#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"><font style="DISPLAY: inline; COLOR: #000000">*</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">All documents filed by </font><font style="DISPLAY: inline; COLOR: #000000">Striker Oil &amp; Gas, Inc.,
</font><font style="DISPLAY: inline; COLOR: #000000">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></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><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><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;SOIS.&#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; COLOR: #000000">&#160;</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"><font style="DISPLAY: inline; COLOR: #000000">The law f</font><font style="DISPLAY: inline; COLOR: #000000">irm of </font><font style="DISPLAY: inline; COLOR: #000000">Brewer &amp; Pritchard</font><font style="DISPLAY: inline; COLOR: #000000">, </font><font style="DISPLAY: inline; COLOR: #000000">of which Thomas C. Pritchard is a
member, </font><font style="DISPLAY: inline; COLOR: #000000">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 </font><font style="DISPLAY: inline; COLOR: #000000">common
s</font><font style="DISPLAY: inline; COLOR: #000000">tock to be issued and
registered hereby. </font><font style="DISPLAY: inline; COLOR: #000000">Brewer
&amp; Pritchard does not currently own any shares of the Company&#8217;s common stock;
however, the Com</font><font style="DISPLAY: inline; COLOR: #000000">pany will
from time to time issue shares of its common stock to </font><font style="DISPLAY: inline; COLOR: #000000">Brewer &amp; Pritchard</font><font style="DISPLAY: inline; COLOR: #000000"> or Thomas C. Pritchard as</font><font style="DISPLAY: inline; COLOR: #000000"> payment for legal services rendered.
&#160;Neither </font><font style="DISPLAY: inline; COLOR: #000000">Thomas C.
Pritchard</font><font style="DISPLAY: inline; COLOR: #000000">, nor the law firm
of </font><font style="DISPLAY: inline; COLOR: #000000">Brewer &amp;
Pritchard</font><font style="DISPLAY: inline; COLOR: #000000"> has been employed
on a contingent basis. &#160;</font><font style="DISPLAY: inline; COLOR: #000000">Other than the shares of Company common
stock to be issued, n</font><font style="DISPLAY: inline; COLOR: #000000">either
Mr. </font><font style="DISPLAY: inline; COLOR: #000000">Pritchard</font><font style="DISPLAY: inline; COLOR: #000000"> nor </font><font style="DISPLAY: inline; COLOR: #000000">Brewer &amp; Pritchard</font><font style="DISPLAY: inline; COLOR: #000000"> 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></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 6.</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</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>
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        </div>
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        </div>
      </div>
    </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><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><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><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt">EXHIBITS</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">
      <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;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Identification of
Exhibit</font></font></div>
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      <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">4.1&#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;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2008
Stock Option Plan</font></div>
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of Brewer &amp; Pritchard, P.C.</font></div>
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Consent of Brewer &amp; Pritchard, P.C. *</font></div>
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Consent of Independent Auditor</font></div>
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Consent of Independent Auditor</font></div>
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5.1</font></font></div>
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    <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><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt">UNDERTAKINGS</font></font></div>
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    <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>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
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            <td style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
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              <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>
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            <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>
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    </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>
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    <div>
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              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
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              <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>
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            <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>
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              <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>
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          </tr>
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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>
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            <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>
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              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
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            <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>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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    <div>
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              <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>
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            <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>
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          </tr>
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    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <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 id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Page -
17</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
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</font></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">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 28th day of January 2009.</font></div>
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    <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>
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    <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: <font style="DISPLAY: inline; TEXT-DECORATION: underline">/s/ Kevan
Casey</font></font></div>
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Executive Officer</font></div>
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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
28<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: super">th</font>
day of January 2009.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
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          <tr>
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              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
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              <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
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              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
            </td>
            <td valign="top" width="35%" style="BORDER-LEFT: black 0.5pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
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              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
            </td>
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              <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">January
      28, 2009</font></div>
            </td>
          </tr>
          <tr>
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              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
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            </td>
            <td valign="top" width="14%" style="BORDER-RIGHT: black 0.5pt solid; BORDER-LEFT: black 0.5pt solid; BORDER-BOTTOM: black 2px solid">
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          </tr>
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striker2008stockoptions8.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)
2008 Stock Option
Plan
(Full
title of the plan)
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
4,000,000
$0.08
$320,000
$13
TOTAL
$13
(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 2008 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:
Kevan
Casey
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
4
,
0
00,000 SHARES OF COMMON STOCK
OF
STRIKER OIL & GAS,
INC.
This Resale Prospectus relates to the
offer and sale of up
to
4
,
0
00,000 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
"SOIS"
On
January 5
, 200
9
, the closing price of a share of our
common stock was $
0.08
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
January
28,
2009
TABLE OF
CONTENTS
Risk
      Factors
2
Where
      You can Find More Information
6
Incorporation
      of Certain Documents by Reference
7
Note
      Regarding Forward Looking Statements
8
Use
      of Proceeds
9
Dilution
10
Selling
      Stockholders
11
Plan of
      Distribution
12
Description of Securities to be
      Registered
13
Legal
    Matters
14
Experts
15
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
We
Have a History of Losses Which May Continue, Which May Negatively Impact Our
Ability to Achieve Our Business Objectives.
We
incurred a net loss of $1,946,768
for the fiscal year ended December 31,
2007 and a net loss of
$
3,310,279 for the fiscal year ended
December 31, 2006
.  We cannot assure you that we can achieve or
sustain profitability on a quarterly or annual basis in the
future.  Our operations are subject to the risks and competition
inherent in the establishment of a business enterprise.  There can be
no assurance that our future operations will be profitable.  Revenues
and profits, if any, will depend upon various factors, including whether we will
be able to continue expansion of our revenue.  We may not achieve our
business objectives and the failure to achieve such goals would have an adverse
impact on us.
If
We Are Unable to Obtain Additional Funding Our Business Operations Will be
Harmed and If We Do Obtain Additional Financing Our Then Existing Shareholders
May Suffer Substantial Dilution.
We will
require approximately $5.5 million to sustain and expand our exploration and
drilling activities during fiscal 2008.  We believe that we will have
sufficient working capital to fund our current operations and debt payments for
the next twelve months; however, we will need to raise additional funds to
expand our drilling and exploration activities.  Additional capital
will be required to effectively support the operations and to otherwise
implement our overall business strategy.  There can be no assurance
that financing will be available in amounts or on terms acceptable to us, if at
all.  The inability to obtain additional capital will restrict our
ability to grow and may reduce our ability to continue to expand our business
operations.  If we are unable to obtain additional financing, we will
likely be required to curtail our development plans.  Any additional
equity financing may involve substantial dilution to our then existing
shareholders.
We
Are Currently Dependent on Other Oil and Gas Operators for Operations on Our
Properties.
Some of
our current operations are properties in which we own a minority
interest.  As a result, the drilling and operations are conducted by
other operators, upon which we are reliant for successful drilling and
revenues.  In addition, as a result of our dependence on others for
operations on our properties, we have 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 we anticipate
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 our revenues and operating results.
The
Potential Profitability of Oil and Gas Ventures Depends Upon Factors Beyond Our
Control.
The
potential profitability of oil and gas properties is dependent upon many factors
beyond our 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 our 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 our 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 us not receiving an adequate return on invested capital.
The
Oil and Gas Industry Is Highly Competitive and There Is No Assurance That We
Will Be Successful In Acquiring Leases.
The oil
and gas industry is intensely competitive.  We compete 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.  We
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 Our Exploration and Development
Efforts Are Unsuccessful, We May Be Required to Take Write Downs.
Our
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.  We follow the
full cost method of accounting for our 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 us to record
a write down.
Page -
2
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 Our 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, we and independent petroleum engineers engaged by us
must project production rates and timing of development
expenditures.  We 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 our
estimates.  Any significant variance could materially affect the
estimated quantities and present value of reserves disclosed
herein.  In addition, we 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 our
control.
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
profitably.
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.
Page -
3
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 Mr. Robert Wonish, Chief
Operating Officer.  Loss of the services of Mr. Casey or Mr. Wonish
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 or Mr. Wonish.  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 58.8% 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 Our Convertible Debentures and Warrants
That May Be Available for Future Sale and the Sale of These Shares May Depress
the Market Price of Our Common Stock.
As of
September 30, 2008, we had 24,417,574 shares of common stock issued and
outstanding and convertible debentures outstanding that may be converted into an
estimated 6,198,927 shares of common stock and outstanding warrants to purchase
4,346,537 shares of common stock.  The sale of these shares may
adversely affect the market price of our common stock.
The
Issuance of Shares Upon Conversion of the Convertible Debentures and Exercise of
Outstanding Warrants May Cause Immediate and Substantial Dilution to Our
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 our 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
We Are Required for Any Reason to Repay Our Outstanding Secured Convertible
Debentures, We Would Be Required to Deplete Our Working Capital, if Available,
or Raise Additional Funds.  Our Failure to Repay the Convertible
Debentures, if Required, Could Result in Legal Action Against Us, Which Could
Require the Sale of Substantial Assets.
In May
2007, we entered into a securities purchase agreement for the sale of $7,000,000
principal amount of secured convertible debentures.  In February 2008,
we amended the securities purchase agreement.  The amended secured
convertible debentures are due and payable, with 14% interest, 42 months from
the date of issuance, unless sooner converted into shares of our common stock,
require monthly payments of principal and interest of $100,000 beginning on
March 1, 2008 and a one one-time balloon payment of $1,300,000 due and payable
on December 31, 2009.  Any event of default such as our failure to
repay the principal or interest when due, our failure to issue shares of common
stock upon conversion by the holder, our 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 our properties or business, the filing
of a money judgment, writ or similar process against our company in excess of
$50,000, the commencement of a bankruptcy, insolvency, reorganization or
liquidation proceeding against us and the delisting of our 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 with the specified grace
period.  We anticipate that the full amount of the secured convertible
debentures will be converted into shares of our common stock, in accordance with
the terms of the secured convertible debentures.  If we were required
to repay the secured convertible debentures, we would be required to use our
limited working capital and raise additional funds.  If we were unable
to repay the secured convertible debentures when required, the debenture holders
could commence legal action against us and foreclose on all of our assets to
recover the amounts due.  Any such action would require us to curtail
or possibly cease operations.
Page -
4
If
An Event of Default Occurs under the Securities Purchase Agreement, Secured
Convertible Debentures or Security Agreements, the Investor Could Take
Possession of All Our Goods, Inventory, Contractual Rights and General
Intangibles, Receivables, Documents, Instruments, Chattel Paper, and
Intellectual Property.
In
connection with the securities purchase agreement, we executed a security
agreement in favor of the investor granting it a first priority security
interest in certain of our 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 our 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 our
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 receive 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.
Page -
5
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.
Page -
6
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
, 200
8, as amended on July 2, 2008 and
      September 24, 2008
;
(2)
Quarterly Reports on Form 10-QSB
      for the quarters ende
d 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;
      September 30, 2007, filed on November 14, 2007; March 31, 2008, filed on
      July 2, 2008, as amended on July 2, 2008 and September 29, 2008; June 30,
      2008, filed on August 19, 2008; and September 30, 2008, filed on November
      19, 2008.
(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; March 14, 2008; April 18, 2008; April 25, 2008; April
      25, 2008; July 7, 2008; August 8, 2008, as amended on August 12, 2008;
      October 3, 2008, October 29, 2008, December 29, 2008 and December 30,
      2008.
*
All documents filed by
Strikcer 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.
Page -
7
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.
Page -
8
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.
"
Page -
9
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
September 30, 2008, the net tangible book value of our common stock was
$6,494,290 or $0.27 per share, based upon
24,417,574
shares outstanding on
September 30, 2008.  Due to the nature of the 2008 Stock Option Plan,
the purchase price paid by our officer, directors, employees and consultants
under the 2008 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 $0.08 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 4,000,000
shares at an offering price of $0.08 per share (based upon the closing price of
our common stock on January 5, 2009) and the application of the net proceeds of
$320,000, the pro forma net tangible book value of the Company's common stock
after this offering will be $6,814,290 or $0.21 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 $0.08 per share of common stock and the net tangible book
value per share) after the offering of $(0.16) per share. The following table
illustrates such dilution:
Per Share
Price ………………………………………………..……………$ 0.08
Per Share
Pro Forma Net Tangible Book Value before the Offering ……..$ 0.27
Per Share
Decrease Attributable to New Investors………………………….$(0.026)
Per Share
Pro Forma Net Tangible Book Value After the Offering ……….$ 0.21
Per Share
Dilution to New Investors ….……………………………………$(0.160)
Page -
10
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 4,000,000 were available for future
grants.
Page -
11
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
s
hares 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
s
hares 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.
(1)
t
he selling stockholder and sales
      to and through other broker-dealers or agents that participate with the
      selling stockholder in the sale of the
s
hares 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
s
hares 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
s
hares 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.
Page -
12
DESCRIPTION OF SECURITIES
TO BE REGISTERED
General
We are authorized to issue
1,
5
0
0,000,000 shares of common stock, $.001
par value, and 25,000,000 shares of preferred stock, $0.001 par va
lue
.
Common Stock
As of
January 15
, 200
9
, there were
26,059,363
shares of common stock issued and
outstanding that was held of record by approximately
1008
stockholders
of record
.
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 acquiror, under certain circumstances, from voting shares of a
target corporation's stock after crossing certain threshold ownership
percentages, unless the acquiror 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 acquiror
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 acquiror to consider the voting rights of
the acquiror's shares no more than 50 days (unless the acquiror agrees to a
later date) after the delivery by the acquiror to the corporation of an
information statement which sets forth the range of voting power that the
acquiror has acquired or proposes to acquire and certain other information
concerning the acquiror and the proposed control share acquisition. If no such
request for a shareholders' meeting is made, consideration of the voting rights
of the acquiror's shares must be taken at the next special or annual
shareholders' meeting. If the shareholders fail to restore voting rights to the
acquiror or if the acquiror 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 acquiror'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 becomes 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.
Page -
13
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.
Page -
14
EXPERTS
The financial statements and
management's assessment of the effectiveness of internal control over financial
reporting (which is included in Management's Report on Internal Control over
Financial Reporting) incorporated in this Prospectus by reference to the Annual
Report on Form 10-K
SB
for the year
ended December 31, 200
7
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.
Page -
15
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, as amended on July 2, 2008 and September 24, 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; September 30, 2007, filed on November 14, 2007; March 31,
      2008, filed on July 2, 2008, as amended on July 2, 2008 and September 29,
      2008; June 30, 2008, filed on August 19, 2008; and September 30, 2008,
      filed on November 19, 2008.
(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; March 14, 2008; April 18, 2008;
      April 25, 2008; April 25, 2008; July 7, 2008; August 8, 2008, as amended
      on August 12, 2008; October 3, 2008, October 29, 2008, December 29, 2008
      and December 30, 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
"SOIS."
ITEM 5.
INTERESTS OF NAMED
EXPERTS AND COUNSEL
The law f
irm 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
s
tock to be issued and
registered hereby.
Brewer
& Pritchard does not currently own any shares of the Company's common stock;
however, the Com
pany 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, n
either
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.
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16
ITEM 7.
EXEMPTION FROM
REGISTRATION CLAIMED
Not
applicable.
ITEM 8.
EXHIBITS
Exhibit
No.
Identification of
Exhibit
4.1                                               2008
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
23.3                                            
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.
Page -
17
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 28th day of January 2009.
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
28
th
day of January 2009.
Signature
Title
Date
/s/ Kevan Casey
Kevan
      Casey
Chief
      Executive Officer &
Chairman
      of the Board
January
      28, 2009
/s/ Robert G. Wonish
Robert
      G. Wonish
Director
January
      28, 2009