SOIS Striker Oil and Gas Inc (CE)

Wall Street News Alert's "stocks to watch" this morning are: Striker Oil & Gas, Inc. (OTCBB: SOIS), NVIDIA (NASDAQ: NVDA), Hess Corporation (NYSE: HES) and ARRIS Group, Inc. (NASDAQ: ARRS).

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Having previously announced it has commenced drilling on the Catfish No. 3 well, Striker Oil & Gas, Inc. (OTCBB: SOIS) should have investors once again watching the stock closely. Yesterday after the markets closed, the company, an upstream U.S. oil and gas company, issued a press release announcing that it has begun operations on installing a 4 mile gas pipeline to connect its gas production from its Catfish Creek Prospect.

This more great news for the company! The initial phase which included obtaining the right away from the property owners and surveying has been completed. The construction phase has now begun and is expected to be completed within 45 days. Striker has gas production that is shut-in from its existing two un-stimulated wells and is expected to have significant additional production as it drills the wells in its three well program which was previously announced on October 15, 2008. Striker will own a 25% interest in the pipeline.

This prospect consists of over 9,000 gross acres with depths earned to 100 feet below the base of the Pettet formation. More importantly, the press release states that full development of this prospect could result in 20 to 40 wells. Striker has approximately a 33% working interest before payout (25% after payout) on the shallow target of this prospect.

The company also previously reported on October 15th 2008 that it has commenced drilling on the Catfish No. 3 well on its Catfish Creek Prospect located in East Texas. According to the press release, the well is the third well drilled by Striker in the Catfish Creek Prospect and the first well of a three well continuous program to exploit the Pettet and Rodessa formations found in the two successful wells previously drilled by Striker. The Catfish No. 3 well will be drilled to a depth of 10,800 feet and is expected to reach total depth within 30 days.

In other important news, the company reported last month that plans are underway to begin drilling the LeJeune No. 3 well on its North Edna prospect located in Jefferson Davis Parish, Louisiana within the next 90 days. The well will be drilled to a depth of approximately 9,000 feet to test several zones that have been previously identified.

That press release stated: This well has been classified as a Proven Undeveloped Drilling (PUD) location and has been assigned total reserves of 428,000 barrels in the PUD and Probable Undeveloped categories by its independent third party reserve report to the 100% working interest which represents over $42,000,000 in future revenue at current prices. Striker's working interest in this well is approximately 21.5%.

Investors are urged to carefully monitor the progress of this company!

SOIS closed yesterday at around Seventeen cents a share.

For an in-depth profile of Striker Oil & Gas, visit http://www.WallStreetNewsAlert.com/HotStocks/SOIS102908/default.aspx

In case you are not familiar with the company: Striker Oil & Gas, Inc. is an upstream U.S. oil and gas company. The company is engaged in the search for and sale of oil and gas reserves through both exploratory drilling and the acquisition of producing properties. Striker's objective is to cost efficiently develop these properties and market the oil and gas production at the wellhead. Striker is strategically focused along the Texas Gulf Coast, East Texas and South Louisiana in areas of developed infrastructure and established markets.

NVIDIA (NASDAQ: NVDA) up 3.2% on 24.4 million shares traded. NVIDIA is the world leader in visual computing technologies and the inventor of the GPU, a high-performance processor which generates breathtaking, interactive graphics on workstations, personal computers, game consoles, and mobile devices.

Hess Corporation (NYSE: HES) up 5.1% on 6.8 million shares traded. Hess Corporation, with headquarters in New York, is a global integrated energy company engaged in the exploration, production, purchase, transportation and sale of crude oil and natural gas, as well as the production and sale of refined petroleum products.

ARRIS Group, Inc. (NASDAQ: ARRS) up 26.6% on 6.5 million shares traded. ARRIS is a global communications technology company specializing in the design, engineering and supply of technology supporting triple and quad-play broadband services for residential and business customers around the world. The company supplies broadband operators with the tools and platforms they need to deliver reliable telephony, demand driven video, next-generation advertising and high-speed data services.

Market Commentary:

"The Commerce Department reported Wednesday that orders for durable goods rose by 0.8 percent, surprising economists who had expected a decline. Orders had fallen by 5.5 percent in August, which was the biggest setback in nearly two years," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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