GSFI Green Stream Holdings Inc (PK)

RENO, Nev., Feb. 11, 2011 /PRNewswire/ -- Eagle Oil Holding Company, Inc. (OTC Pink Sheets: EGOH) announced today that it has agreed to a mutual cancellation of the Letter Of Intent (LOI) for the field development by the proposed operating partner as announced in December 2010.  The proposed partner was unable to make a determination of whether or not to begin work on the field as they had outlined in the original plan.  At this time, the Company is completing the negotiations with another operating partner to get the field back into full operation.  The Company expects to be ready with a new agreement within the next 10 days.

About Eagle Oil Holding Company

Eagle Oil (EGOH) (www.eagleoilholdingco.com) is an independent, growth-oriented energy company engaged in the exploration and production of oil through the development of a repeatable, low geological risk, high potential project in the active East Texas oil and gas region.  The Company owns a 78% working interest in 173 wells on its 927 acres located in the Historic Woodbine Oil Field.  Engineering reports show that Eagle Oil's East Texas field contains over 12,000,000 barrels of oil in place.

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.  Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements.  In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "should," "intends," "will," or "plans" to be uncertain and forward-looking.  The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.

SOURCE Eagle Oil Holding Company, Inc.