Striker Misses '08 Revenue Guidance due to Hurricanes, Earns $3.8MM
Striker Oil & Gas announced that its fiscal 2008 revenue increased by 24% to $3,800,000 compared to the same period in 2007. The company missed its previous guidance of $5,000,000 due to a disruption in its production from both Hurricanes Gustav and Ike and also the significant drop in hydrocarbon prices however the company has since restored production and does not anticipate any further issues caused by the previous hurricanes.
"Although 2008 proved to be a very challenging year we are pleased that we were still able to achieve positive revenue growth over the previous year. We will continue to focus on our Catfish Creek Prospect and believe this will be the main factor in our continued growth for 2009," said Kevan Casey, Chief Executive Officer of Striker.