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CCM Research Issues Technical Research Report on Oracle Energy Corp.

Posted on: Tuesday, 13 May 2008, 15:00 CDT

Oracle Energy Corp. (TSX VENTURE: OCL)(PINK SHEETS: OECPF) -

CCM Research Chief Technical Analyst, Jason Suttmeier, has written a technical research report on Oracle Energy Corp.

Oracle Energy Corp. 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:

"Oracle Energy Corp. (OCL) is currently trading above the key 5- weekly modified moving average at 0.165."

"My model shows weekly support at 0.162 with annual resistances at 0.216 / 0.249. Monthly support is 0.071."

"The 200- week moving averages provide additional resistance at 0.292. The 50- week moving average provides nearby support at 0.175."

A free copy of the report can be found at:

http://www.baystreet.ca/articles/research_reports/ccm_research/OCL_Technical%20Report_May%2013%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(R) (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 this press release.

 Contacts: Cronus Capital Markets Peter Soni Chief Information Officer (416) 368-3700 ext 225 Email: Peter@cronuscapitalmarkets.com

SOURCE: Oracle Energy Corp.

Source: MARKET WIRE

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