|Thu Dec 13, 2007|
Oracle Energy Corp. Pursues Honduran Oil and Gas Opportunities
|VANCOUVER, BRITISH COLUMBIA, Dec 13, 2007 |
Oracle Energy Corp. ("Oracle") (TSX VENTURE:OCL)(PINK SHEETS:OECPF)(FRANKFURT:O2E) announces its intentions to pursue oil and gas exploration opportunities in Honduras, Central America. The Company through its subsidiary, Oracle Energy Honduras SA, has established an office in Tegucigalpa, Honduras, and has stationed full time Company representatives to pursue its interests in Honduras.
At a press conference in Tegucigalpa, Company representatives announced the Company's plans to initiate the process of acquiring exploration lands in undisclosed parts of Honduras. The Company's decision to commit resources to Honduras was based on the results of extensive geologic and remote sensing studies carried out over the last 14 months. Oracle Energy's preliminary evaluation indicates significant oil and gas potential at reasonable depths.
Oracle Energy Corp. is a Canadian based oil and gas company with a diversified portfolio of international oil and gas interests.
ON BEHALF OF THE BOARD
Nasim Tyab, President
Some of the statements contained in this release are forward-looking statements. Forward-looking statements include but are not limited to, statements concerning estimates of recoverable hydrocarbons, expected hydrocarbon prices, expected costs, statements relating to the continued advancement of the Company's projects and other statements which are not historical facts. When used in this document, and on other published information of the Company, the words such as "could", "estimate", "expect", "intend", "may", "potential", "should", and similar expressions are forward-looking statements. Although the Company believes that its expectations reflected in the forward-looking statements are reasonable, such statements involve risk and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Various factors could cause actual results to differ from these forward-looking statements including the potential that the Company's projects will experience technical and mechanical problems, geological conditions in the reservoir may not result in commercial level of oil and gas production, changes in product prices and other risks not anticipated by the Company or disclosed in the Company's published material. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. The information contained herein does not constitute an offer of securities for sale in the United States, United Kingdom, Canada, Japan or Australia.