CCM Research Issues Update Report on Oracle Energy Corp.
Posted on: Friday, 30 May 2008, 15:00 CDT
CCM Research analyst, Walt Spaude, CFA, has written an update report on Oracle Energy Corp.
Oracle Energy Corp. (TSX VENTURE: OCL) (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, "A successful, commercially viable energy find on any of its properties (several of which have ongoing activity and are expected to begin active drilling operations in the near term) would likely result in a substantial increase in share price and a return on investment significantly greater than general market indices."
The analyst continues, "Oracle Energy has several funded projects that have the potential for generating revenue within the next 60-90 days."
Regarding reserves, the analyst notes: "Both of Oracle's upcoming drilling projects have had some previous drilling activity with either an indication of oil or natural gas or actual production."
A free copy of the report can be found at: http://www.baystreet.ca/articles/research_reports/ccm_research/OCL_Update%20Report_May%2030%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 the 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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