Oracle Energy Corp.
Updates Fatima – 1 well, Yemen
Corporate News transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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November 18, 2006 – Oracle Energy Corp. (the ‘Company’),
(OCL-TSX.V)(O2E-Frankfurt) has been notified by project operator Yemen
Mayfair Petroleum Corp. that the Fatima-1 well, Block 22, Yemen, was
drilled to a total depth of 2359 metres. After testing, the well was
plugged and abandoned on November 18th, 2006.
Oracle Energy Corp. is a Canadian – based international oil and gas company
with interests in Yemen, Romania, Italy and Peru. Management is actively
pursuing oil and gas projects in other areas of the world to be added to
the company’s diverse portfolio. Oracle Energy is in a strong cash position
for potential acquisitions with approximately $2.4 million in the treasury.
ON BEHALF OF THE BOARD
Nasim Tyab
President
Kontakt Deutschland
Value Relations GmbH
Mail: oracle@ir-services.de
Tel.: 069/959246-13
(c)DGAP 20.11.2006
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