|Fri Apr 10, 2015|
Oracle Energy Corporate Update
|Vancouver April 10, 2015 - Oracle Energy Corp is pleased to announce the engagement of Aldwych Capital Partners of New York to act as financial advisors in raising new sources of capital for Oracle's Nigeria growth strategy.|
Aldwych is a boutique investment bank focused on domestic and international transactions including; M&A advisory, emerging markets transactions, private debt and equity financing, project finance and various other special situation assignments. Aldwych has a wealth of experience in advising on oil and gas transactions and is committed to increasing their presence in sub-Saharan Africa. Aldwych will be compensated upon closing a transaction in accordance with the terms of the engagement agreement.
Oracle remains focused on obtaining Producing and Development concessions in the prolific West African basins and in particular in Nigeria. Nigeria has over one thousand discovered oil and gas fields of which less than three hundred and fifty are developed. Entrance into these opportunities requires foreign companies to work in partnership with Nigerian companies. The Oracle team has successful "on the ground" experience in developing and operating these fields and has long term relationships with senior oil industry professionals who are leading indigenous Nigerian companies. Oracle is focused on applying this expertise and these relationships to build near and long term shareholder value.
Oracle is currently engaged in negotiations on several near term producing opportunities and will advise shareholders as these develop.
About Oracle Energy Corp.
Oracle Energy Corp. (TSX.V: OEC) (Frankfurt: O2E) is an international oil and gas exploration and development company with focus on development of Nigeria's huge oil and gas resources. Oracle has relationships with a number of oil and gas indigenous partners in Nigeria and is well positioned to participate as technical and financial partner to Marginal Field operators and the acquisition of assets in the continuing International Oil Company asset divestment processes.
For more information on Oracle Energy visit www.OracleEnergy.com
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