CALGARY,
Sept. 24, 2014 /CNW/ - Stream
Oil & Gas Ltd. (TSX-V: SKO) (the "Company") announces that,
further to its news release dated March 28, 2014 regarding a
bridge loan from an insider shareholder and its news release dated
September 2, 2014 regarding its proposed arrangement
transaction with TransAtlantic Petroleum Ltd., the Company has
obtained an extension to November 16, 2014 for the repayment
of Cdn.$3.0 million advanced
under the bridge loan. The remaining Cdn.$2.0 million tranche of the bridge loan was
not drawn.
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About Stream Oil & Gas Ltd.
Stream Oil & Gas Ltd. is a Canadian-based
emerging oil and gas production, development and exploration
company focused on the re-activation and re-development of three
oilfields and a gas/condensate field in Albania. The Company's strategy is to use
proven technology, incremental and enhanced oil recovery techniques
to significantly increase production and reserves.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Stream Oil & Gas Ltd.