** IMPORTANT NOTICE REGARDING PAST DISTRIBUTIONS CHECKS **

Please be advised that all Amber, Brittany and CJ investors must deposit any past distribution checks from the Receiver, ON OR BEFORE JUNE 30, 2012. Pursuant to the Court's Discharge Order, the Receiver cannot guarantee funds sufficient to cover any past distribution checks after that date. A list of all distribution checks issued by the Receiver is available under the "Distributions" tab.

RECEIVER'S FINAL UPDATE: MAY 31, 2012

On May 31, 2012, the Court issued the Order Discharging Receiver, a copy of which is available for viewing under the Pleadings Tab. In accordance with this Order and the Receiver's Final Report (which is also available under the Pleadings Tab), please be advised of the following:

C&B Energy Income Program: Investors should direct correspondence and inquiries to:
C & B Energy Management, LLC
P. O. Box 803404
Dallas, TX 75380

Amber, Brittany, and CJ Program: Investors should direct correspondence and inquiries to:
Farmers National Company
striker@farmersnational.com

Rework Program: Investors should direct correspondence and inquiries to:
Texcel Exploration, Inc.
108 E. Sam Rayburn Drive
Bonham, Texas 75418

Striker Debenture Investors: Investors should review the Court's February 4, 2011 Order (Dkt. 47), available under the "Pleadings" tab, and the September 2, 2011 hearing transcript available under the "Debentures" tab.

Option Plus Programs: Investors should review the Court's October 14, 2011 Order (Dkt. 163), available under the "Pleadings" tab, and the Receiver's Seventh Interim Report, also available under the "Pleadings" tab.

Non-Program Claimants: Investors should review the Receiver's Final Report, available under the "Pleadings" tab.

UPDATE 05/17/12

On May 17, 2012, the Receiver filed the RECEIVER'S FINAL REPORT with the Court. A copy of the Report with exhibits is available for viewing/download under the "Pleadings" tab on this page. As detailed in the Report, the Receiver has also filed a Motion for Discharge, which is presently pending before the Court. If and when the Court issues its Order discharging the Receiver, an update will be posted.

UPDATE 04-27-12

The quarterly distribution for 4Q revenues was sent to all CJ investors on April 27, 2012. A summary of the April 27, 2012 distribution is available under the "Distributions" tab on the left side of this page. Distributions were mailed to all investors who returned a claim form on or before April 1, 2012. (As detailed below, the 4Q revenue distribution was made to all Amber and Brittany investors on March 27, prior to the turnover of management duties to Farmers National Company).

After continued efforts to reach an agreement, Farmers National Company has agreed to accept management duties of the CJ program, pursuant to the Court's 03-08-12 Order. The Receiver anticipates that the transfer of management duties will be effective June 1, 2012.

Full details regarding the Brittany OGAC sale, transfer of Amber and Brittany management duties to Farmers, transfer of Rework management duties to Texcel, and transfer of CJ management duties to Farmers will be included in the Receiver's next report.

UPDATE 04-01-12

Pursuant to the Court's Sept. 6, 2011 Order, the Receiver has completed and consummated the transfer of management duties for the Amber Program investor interests and the Brittany Program investor interests (for those investors who did not elect for sale) to Farmers National Company. This transfer of management is effective April 1, 2012. Investors will receive information regarding their investments directly from Farmers in the coming weeks. Further inquiries regarding Amber and Brittany investments should be directed to Farmers. General information on Farmers can be found at: http://www.farmersnational.com/

In addition, the quarterly distribution for 4Q revenues was made to all AMBER and BRITTANY investors on March 27, 2012. A summary of the March 27, 2012 distribution is available under the "Distributions" tab on the left side of this page. Distributions were mailed to all investors who returned a claim form on or before March 1, 2012.

UPDATE 03-13-12

On March 8, 2012, the Court issued an Order Granting Unopposed Supplemental Motion for Authority, a copy of which is available under the "Pleadings" tab on this page. Pursuant to that Order, the Receiver has completed and consummated the transfer of management duties for the REWORK Program investor interests to Texcel Exploration, Inc. This transfer of management will be effective on May 1, 2012, and all Rework investors will receive additional information, including contact information for Texcel, via regular mail on May 1, 2012.

UPDATE 03-01-12

Pursuant to the Court's Sept. 6, 2011 Order, the Receiver has completed and consummated the sale of Brittany Program investor interests who elected to sell, through the Oil and Gas Asset Clearinghouse ("OGAC"). For those Brittany investors who elected for sale, checks for each investor's pro-rata share of the sale proceeds were mailed on February 15, 2012.

UPDATE 02-23-12 ** INVESTOR TAX INFORMATION **

As the Receiver has previously reported, despite the nature and state of Striker recordkeeping and the revenue structure set up by Striker and Llano prior to his appointment, the Receiver has tried to provide sufficient information in his quarterly reports to allow investors to accurately prepare their tax documents. Accordingly, many investors have been previously advised that no 1099 forms would be issued by the Receivership for the distributions made during 2011. HOWEVER, in response to several investor inquiries and requests, the Receiver has retained a CPA to prepare and issue 1099s to investors for 2011 distributions. As such, all Amber, Brittany and CJ investors who returned a claim form and received distributions during 2011 should receive a 1099 in an estimated 15-20 business days. Information regarding 2011 distributions is available under the "Distributions" tab. Option Plus investors who returned a claim form will also receive a 1099.

UPDATE - 2/9/12

On February 9, 2012, the Receiver filed Receiver's Supplement to the Seventh Interim Report with the Court. A copy of the supplement is also posted under the "Pleadings" tab on this page. Exhibit A

UPDATE - 1/20/12

On January 20, 2012, the Receiver filed Receiver's Seventh Interim Report with the Court. Copies of the Report and exhibits are also posted for viewing under the "Pleadings" tab on this page.

UPDATE - 11/30/11

On November 30, 2011, the Receiver was notified that Randy Pope has resigned as the Substitute Trustee for the Striker Debentures. A copy of Mr. Pope's letter of resignation, as well as the Debenture Trustee Update #13, is available for viewing and download under the "Debentures" tab on the left side of this page.

UPDATE - 11/09/11

On November 8, 2011, the Receiver filed Receiver's Supplement to the Sixth Interim Report. A copy of the Report is also posted for viewing under the "Pleadings" tab on this page.

UPDATE - 10/31/11

On October 31, 2011, the Receiver filed Receiver's Sixth Interim Report with the Court. A copy of the Report is also posted for viewing under the "Pleadings" tab on the left side of this page.

UPDATE: 10/27/11 - NOTICE OF DISTRIBUTIONS

Pursuant to the Court's February 4, 2011 Order, a quarterly distribution to investors in the Striker Legacy Interest programs (i.e. Amber, Brittany, and CJ) was issued on October 27, 2011. A summary of the October 27, 2011 distribution is available under the "Distributions" tab on the left side of this page. Distributions were mailed to all investors who returned a claim form on or before October 1, 2011. Any investor who returned a claim form after October 1, 2011 will receive a distribution check with a claim acknowledgement letter within 30 days. For those investors who have not returned a claim form, distributions will be held by the Receiver pending receipt of a claim form.

UPDATE: 10-21-11

Pursuant to the Court's September 6, 2011 Order, the Receiver mailed out ballots to all Amber, Brittany, CJ and Rework investors. Details regarding the ballots returned are included in the Receiver's Notice of Compliance which was filed with the Court this afternoon and available for viewing/download under the "Pleadings" tab on this site.

Please note that the Amber, CJ, and Rework programs did not garner the requisite 30% election to sell; accordingly ALL INVESTOR INTERESTS in the Amber, CJ, and Rework programs will be transferred to Farmers.

Please note that the investors in the BRITTANY PROGRAM who elected to sell their interests will have their interests sold via the Oil and Gas Clearinghouse. All Brittany Program investors who elected to transfer, or who did not return a ballot will have their interests transferred to Farmers. Please see the Receiver's Notice of Compliance for a list of the Brittany investors who elected to sell.

As stated in the Notice, the Receiver is working to effectuate the transfer to Farmers and the sale of the relevant Brittany interests as soon as practicable. Updates will be posted on the Receivership website as they become available.

10/14/11 - UPDATE ON BALLOT TALLIES

The Receiver is currently reviewing and tallying the ballots received from investors in the Amber, Brittany, CJ and Rework programs. A notice of compliance, detailing the ballot results, will be prepared and filed with the Court as soon as practicable. When filed, a copy of the notice of compliance will be posted on the Receiver's website. Information regarding the sale, if applicable, and transfer of interests pursuant to the Court's September 6, 2011 Order will be posted at that time.

UPDATE ON COURT'S ORDER AUTHORIZING RECEIVER TO SEND BALLOTS OUT TO ALL AMBER, BRITTANY, CJ AND REWORK INVESTORS

On September 6, 2011, the Court issued an order authorizing the Receiver to send ballots out to all Amber, Brittany, CJ and Rework investors, requesting each investor elect either a sale or a transfer of his/her relevant interests. A copy of the Sept. 6, 2011 ORDER is available for viewing and download under the "Pleadings" tab. For additional details and information regarding the sale option and the option of transferring your proportionate share interests to Farmers National Company, please review the Motion for Approval to Seek Election of Program Owners, Motion to Approve Sale of Assets, and the exhibits attached, filed by the Receiver with the Court on 6/24/11. In addition, information regarding each of the programs is contained in the Receiver's Quarterly Reports, which are also available for viewing and download under the "Pleadings" tab.

All Amber, Brittany, CJ and Rework investors who filed a claim form will receive an individual ballot in the mail within 7 - 14 business days. For those investors who do not receive a ballot in the mail, or for any investors who did not file a claim form, a blank copy of the Ballot is available for download under the "Ballot" tab.

* PLEASE NOTE THAT ALL BALLOTS MUST BE RETURNED BY OCTOBER 10, 2011.

UPDATE ON STRIKER DEBENTURE OFFERINGS

At a hearing held on September 2, 2011, the Receiver presented a report and answered questions regarding the Striker Debenture offerings for the Court and interested parties in attendance. A copy of the September 2, 2011 hearing transcript, as well as copies of all relevant exhibits, are available for viewing and download under the "Debentures" tab on the left side of this page.The Receiver has not approved any summary of the Receiver's comments that may be made by any party, including The Debenture Trustee. Any interested party should read the entire transcript rather than rely upon any summary of the Receiver's comments.

UPDATE - 9/9/11

On September 9, 2011, the Receiver filed a Motion to Conduct Auction Sale of Option Plus Interests and to Abandon Managerial Duties to the Option Plus Program. A copy of the motion is also posted under the "Pleadings" tab.

UPDATE - 8/08/11

On August 8 , 2011, the Receiver filed Receiver's Supplement to the Fifth Interim Report with the Court. A copy of the supplemental report is also posted for viewing under the "Pleadings" tab on the left side of this page.

UPDATE - 7/29/11

On July 29, 2011, the Receiver filed Receiver's Fifth Interim Report with the Court. A copy of the Report is also posted for viewing under the "Pleadings" tab on the left side of this page.

UPDATE - 7/28/11

NOTICE OF DISTRIBUTIONS
Per the Court's February 4, 2011 Order, a quarterly distribution to investors in the Striker Legacy Interest programs (i.e. Amber, Brittany, and CJ) was issued on July 27, 2011. A summary of the distribution is available under the "Distributions" tab on the left side of this page. Distributions were mailed to all investors who returned a claim form on or before July 1, 2011. Any investor who returned a claim form after July 1, 2011 will receive a distribution check with a claim acknowledgement letter within 30 days. For those investors who have not returned a claim form, distributions will be held by the Receiver pending receipt of a claim form

UPDATE - 7/25/11

The Court will hold a hearing on September 2, 2011 with regard to the Receiver's determination that the debenture collateral is worthless. Click here for a copy of the order setting the hearing. Note the August 26, 2011 deadline and specified requirements for parties wishing to be heard.

UPDATE - 7/8/11

On July 8, 2011, the Receiver filed a response to the Striker Debenture investors' correspondence regarding the Striker Senior Secured Convertible Debentures (Debenture Series A, Series B, Series B-2, Series B-3, or Series B-4). A copy of Receiver's Response to Walsh Letter Motion for Reconsideration of C&B Order and Debenture Investor Letters is posted for viewing under the "Pleadings" tab on the left side of this page.

UPDATE - 6/24/11

On June 22, 2011, the Receiver filed a motion seeking approval to conduct a voluntary auction for those investors in certain programs that have marketable assets who wish to sell their assets. The motion also seeks leave to turnover the assets of those not wishing to sell them to a successor trustee. The motion explains the Receiver's analysis and due diligence with regard to these proposals. A copy of theMotion is posted for viewing under the "Pleadings" tab on the left side of this page.

The Receiver has received a number of letters from debenture investors who would like for their interests to be similarly auctioned or addressed by a successor trustee. The Receiver does not believe that their interests have more than de minimus value. Moreover, the Receiver's action in asking the Court to release these assets from receivership merely restores the authority of Randy Pope, the present Debenture Trustee, to foreclose on and sell the assets should he believe it reasonable to do so. A few investors have mentioned reserve reports. The Receiver is aware of these reports, but has determined that they lack reasonable support. Any person is welcome to review the Striker records to evaluate that determination.

UPDATE - 6/14/11

On June 14, 2011, the Receiver filed Receiver's Supplement to the Fourth Interim Report with the Court. A copy of the Report is also posted for viewing under the "Pleadings" tab on the left side of this page.

UPDATE - 4/29/11

NOTICE OF DISTRIBUTIONS
Per the Court's February 4, 2011 Order, a quarterly distribution to investors in the Striker Legacy Interest programs (i.e. Amber, Brittany, and CJ) was issued on April 27, 2011. A summary of the distribution is available under the "Distributions" tab on the left side of this page. Distributions were mailed to all investors who returned a claim form on or before March 31, 2011. Any investor who returned a claim form after March 31, 2011 will receive a distribution check with a claim acknowledgement letter within 30 days. For those investors who have not returned a claim form, distributions will be held by the Receiver pending receipt of a claim form.

UPDATE - 4/29/11

On April 29, 2011, the Receiver filed Receiver's Fourth Interim Report with the Court. A copy of the Report is posted for viewing under the "Pleadings" tab on the left side of this page.

UPDATE - 3/29/11

C&B 2004 and C&B 2005 Energy Income Programs

Pursuant to the Court's March 16, 2011 Order, the Receiver has turned over the operations, administration, and management of the C&B 2004 and C&B 2005 Energy Income Programs to C&B Energy Management, LLC. A copy of the Order is attached at this link.

Accordingly, all correspondence and inquiries related to the C&B 2004 and C&B 2005 programs should be directed to:
C & B Energy Management, LLC
P. O. Box 803404
Dallas, TX 75380

T. Tim Cullum Managing Partner
Steve L. Burks Managing Partner
972-404-0019
timcullum@msn.com

UPDATE - 03/04/11

NOTICE OF DISTRIBUTIONS: Per the Court's February 4, 2011 Order, distributions to investors in the Striker Legacy Interest programs (i.e. Amber, Brittany, and CJ) were issued on March 4, 2011. A summary of the distribution is available under the "Distributions" tab on the left side of this page. Distributions were mailed to all investors who returned a claim form on or before February 18, 2011. Any investor who returned a claim form after February 18, 2011 will receive a distribution check with a claim acknowledgement letter within 30 days. For those investors who have not returned a claim form, distributions will be held by the Receiver pending receipt of a claim form.

UPDATE - 2/14/11

On January 27, 2011, the Receiver filed Receiver's Third Interim Report with the Court. On February 14, 2011, the Receiver filed a Supplement with regard to additional information for certain late-arriving third-party operator reports. Copies of the Report and the Supplement are posted for viewing under the "Pleadings" tab on the left side of this page.

UPDATE - 2/7/11

On February 4, the Court granted the Receiver's Motion to Approve Interim Distributions with the Court (see 1/12/11 update below). A copy of the Motion and the Order is posted for viewing under the "Pleadings" tab on the left side of this page.

The Court has ruled that investors in the Striker Debenture offerings will receive no recovery herein. The Receiver is authorized to advise investors that their losses were total and were caused by fraud. The Receiver recommends that Striker Debenture investors consult with a tax professional with regard to the implications of these findings. Copies of the SEC's Complaint, the Receiver's Reports, the Motion, and the Order are available under the "Pleadings" tab on the left side of this page. The Receiver cannot offer any further tax advice beyond providing these pleadings.

The Court has ruled that the Receiver may begin to distribute revenue from the Striker Program offerings. The Receiver will send checks to those investors who have presented claim forms. The Receiver will also provide updates as to the status of the programs on a quarterly basis. The Receiver's most recent report was filed January 27, and his next report is due April 30.

Using the methodology adopted by the Court, the Receiver is also working on a program-by-program basis to either liquidate each program's assets and make a distribution and/or restructure the management of the program's assets so as to eliminate the current administrative cost associated with the receivership.

UPDATE - 1/27/11

On January 27, 2011, the Receiver filed Receiver's Third Interim Report with the Court. A copy of the Report is posted for viewing under the "Pleadings" tab on the left side of this page.

UPDATE - 1/12/11

On January 11, 2010, the Receiver filed a Motion to Approve Interim Distributions with the Court. A copy of the Report is posted for viewing under the "Pleadings" tab on the left side of this page.

UPDATE - 10/29/10

On October 29, 2010, the Receiver filed Receiver's Second Interim Report with the Court. A copy of the Report is posted for viewing under the "Pleadings" tab on the left side of this page.

UPDATE - 7/30/10

On July 30, 2010, the Receiver filed a Receiver's First Interim Report with the Court. A copy of the Report is also posted for viewing under the "Pleadings" tab on the left side of this page.

As stated in the Report, the Receiver has obtained permission to initiate a claims process to determine the present liabilities of Striker that resulted from Striker's fundraising efforts. Copies of the Claim Form will be mailed out to all potential creditors and investors for whom the Receiver has an address. Additionally, the approved Claim Form is also posted on the left side of this page.

SEC Lawsuit

On December 3, 2009, the United States Securities and Exchange Commission filed a Complaint against Striker Petroleum, LLC, Mark S. Roberts and Christopher E. Pippin. The Complaint alleged that Defendants violated federal securities laws by conducting a fraudulent, unregistered securities offering involving debentures and interests in oil and gas properties. Judgments were ultimately taken against the Defendants and they are now in receivership.

Receivership

At the commencement of the SEC suit, the Court appointed Dennis L. Roossien, Jr. to act as Receiver for the Defendants. (see Agreed Order Appointing Receiver) The Receiver is currently in the process of investigating this matter. Further details as to the Receivership proceedings will be set forth in future interim reports to be filed by the Receiver.

The Receiver may be contacted via e-mail at strikerreceiver@munsch.com or by phone at 214-981-7374, or by writing to Dennis L. Roossien, Jr., Receiver, c/o Munsch Hardt, 500 N. Akard, Suite 3800, Dallas, TX 75201.