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CCM Research Issues Research Note on Oracle Energy Corp.

Posted on: Monday, 2 June 2008, 12:22 CDT

CCM Research analyst, Walt Spaude, CFA, has written a research note on Oracle Energy Corp. due to a series of recent and significant developments.

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:

"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(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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