Article: United States : Stream Oil & Gas Announces Operations Update and Q2 Results.(Financial report)

Byline: pinto03

Stream Oil & Gas Ltd. provides the following operations update and summary of financial results for its second quarter ended May 31, 2009:

Operations Update

Current average gross crude oil production is 470 bopd, 240 bopd net to Stream. Most of this production is sold to a local customer who pays in advance. Current average oil price received is about $40.00/bbl. Gas production is currently zero since the local refinery, Stream s only current gas consumer, has temporarily suspended operations due to maintenance and upgrades. Jointly with Albpetrol, the Company s gas customer, Stream continues to explore mitigation measures for ...

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