CCM Research Issues Research Note on Oracle Energy Corp.
02 Juni 2008 - 4:17PM
Marketwired
TORONTO, ONTARIO (PINK SHEETS: OECPF) is an international
company engaged in the development and exploration of oil and gas.
Oracle has an 18.75% interest in 640 acres of Zapata County, Texas.
The Company also has a 20% interest in 6 previously producing oil
and gas concessions in Romania. New project acquisitions are also
actively being pursued and evaluated in Honduras, Central America
and elsewhere.
In the report the analyst states:
"On May 29, 2008 Oracle Energy announced that it is undertaking
an additional development work with project operator Ventum Oil
& Gas.... This project has the potential to produce and become
revenue generating in a relatively short period of time and
compared to an initial exploration project is relatively low
risk."
"A previous update indicated that drilling operations on the J.
Vela #1 well began on April 15, 2008. On May 8, 2008 Oracle Energy
announced that drilling operations had reached a depth of 9,400
feet...Ventum is now evaluating the well to design a fracture
treatment and recommend a completion plan. They anticipate the well
will be fracced and tested in 30 to 45 days."
Other important developments discussed by the analyst in the
report include an update on the Company's Romanian operation, the
new financing announced by the Company, the appointment of a new
director and COO, and Oracle's share price movement.
A free copy of the report can be found at:
http://www.baystreet.ca/articles/research_reports/ccm_research/OCL_%20Research%20Note_June%201%2C%202008.pdf
CCM Research is a division of Cronus Capital Markets, Inc.
Cronus Capital Markets, Inc., through its CCM Corporate Advisory
division, entered into a one year $40,000.00 contract with the
Company to assist it with the creation and execution of
information-based strategies to overcome market inefficiencies that
are commonplace for the vast majority of public companies,
including: share illiquidity, lack of credibility, and stagnant
market capitalization.
Cronus Capital Markets� (CCM) is a leading capital market
services firm providing services to investors, institutions,
exchanges, and public companies. CCM's equity research, indexes,
and ETFs receive international attention and represent important
new sectors of growth.
CRONUS CAPITAL MARKETS, INC. IS THE SOLE SOURCE OF THIS PRESS
RELEASE.
The TSX Venture Exchange has neither approved nor disapproved
the contents of the press release.
Contacts: Cronus Capital Markets Peter Soni Chief Information
Officer (416) 368-3700 ext 225 Email:
Peter@cronuscapitalmarkets.com
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