• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

CCM Research Issues Initial Report on Oracle Energy Corp.

Posted on: Monday, 22 October 2007, 12:00 CDT

CCM Research analyst, Walt Spaude, CFA, has written an initiating report on Oracle Energy Corp.

Oracle Energy Corp. (TSX VENTURE: OCL) (PINK SHEETS: OECPF)(FRANKFURT: O2E) is an international company engaged in the development and exploration of oil and gas. Oracle has an 18.75% interest in 640 acres, Zapata County, Texas. The Company also has a 20% interest in 6 previously producing oil and gas concessions in Romania and a 15% interest in the Evaluation and Promotional Agreement for Area X111, Peru. New project acquisitions are actively being negotiated on.

In the report the analyst states that "Oracle Energy Corp. has drilling rights on multiple properties with proven or probable oil & gas reserves or with previous oil or gas finds. Cash flow generation is expected within the next 3-6 months."

The analyst continues to state, "Oracle has several funded projects that will soon be entering the active drilling stage with results from these ventures becoming available in the near future. Successful commencement of commercial operations at these properties could result in operating cash flow beginning in 2007 or early 2008." A free copy of the report can be found at www.ccmopportunitybase.com.

CCM Research, a division of Cronus Capital Markets, Inc., subscribes to the "Standards for Independent Research Providers" and the principles contained in the Analyst/Corporate Issuer Guidelines jointly promulgated by the CFA Institute and the National Investor Relations Institute, described at: http://www.cfainstitute.org and http://www.niri.org.

Cronus Capital Markets, Inc., through its CCM Consulting division, entered into a one year $40,000 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, such as share illiquidity and stagnant market capitalization.

Cronus Capital Markets (CCM) is a global investment information firm who strategically produces and introduces, through various forms of analytics and worldwide distribution, information on equity market opportunities. CCM's equity indexes receive international attention and represent important new benchmarks of growth.

The TSX Venture Exchange has neither approved nor disapproved the contents of the press release.

 Contacts: Cronus Capital Markets Dianne Rudderham Program Director (416) 368-3700 ext 223 Email: Rudderham@cronuscapitalmarkets.com

SOURCE: Oracle Energy Corp.

Source: MARKET WIRE

More News in this Category