FORT WORTH, TX, Nov. 29, 2018 /CNW/ - Oracle Oil and Gas LLC
(Oracle Oil and Gas) a wholly owned subsidiary of Oracle
Energy Corp. ("Oracle") (TSX.V: OEC) (Frankfurt: O2E)
advises the status of the previously announced process for
acquiring Eagleford assets.
Oracle's news release dated November
13 advised that the required Oct
31 payment of USD $250,000
towards acquisition of the HBP Assets was not completed. Oracle
further advises that the required November
21 payment of USD $200,000
towards acquisition of the mineral rights was also not
completed.
Oracle is continuing discussions with potential investors
regarding funding for acquisition of Eagleford assets.
ON BEHALF OF THE BOARD OF DIRECTORS.
Darrell McKenna; Chairman and
CEO
About Oracle Energy Corp.
Oracle Energy Corp. (TSX.V: OEC) (Frankfurt: O2E) is an oil and
gas development company focused on acquiring development assets in
North America and with a current
focus in the Texas Eagle Ford.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. Forward-looking statements in this
release are made pursuant to the 'safe harbour' provisions of the
Private Securities Litigation Reform act of 1995. Investors are
cautioned that such forward-looking statements involve risks and
uncertainties.
http://www.oracleenergy.com
SOURCE Oracle Oil and Gas LLC
