Stream Oil & Gas Selects New CFO

Stream Oil & Gas announced the appointment of Mr. Danny Davis as Chief Financial Officer, effective January 1, 2010.

Mr. Davis has spent most of his career in high level management consultancy roles in the energy business, principally with BP. In this capacity he has had responsibility for key organisational and financial aspects of post merger integration and value improvement, for example following BP's integration of Castrol.

Danny Davis has an MBA from Cranfield School of Business, in the UK and speaks regularly on management issues at the London School of Business and other top business schools. He has published a number of papers on management issues. Dr. Sotiris Kapotas, Chief Executive Officer stated, "The recently completed private placement has allowed Stream to move forward quickly and therefore the management team has been strengthened. Danny's appointment will help prepare the Company for the next important stage of our development. His strong background and wide financial and business experience will be of considerable value to us as we build the Company and work to enhance shareholder value".

Stream's former Chief Financial Officer, Ms. Angela Huxham, will remain with the Company as Corporate Secretary.