Stream Oil & Gas Bridge Loan Repayment Extension

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.

Dr. Sotirios Kapotas President & Chief Executive Officer, P: [phone], Email [email protected], Website: www.streamoilandgas.com