CCM Research Issues Update Report on Oracle Energy Corp.
May 30 2008 - 2:16PM
Marketwired Canada
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.
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