Oracle Energy Corp.
Oracle Energy Corp. Completes Acquisition of 20% Interest in Romanian Oil and Gas Fields
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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Vancouver, March 15th, 2006 – Oracle Energy Corp. is pleased to announce
that it has completed the acquisition of a 20% interest in six oil and gas
concessions in Romania. The total purchase price of US$500,000 has been
satisfied with the final issuance of 917,059 common shares of Oracle Energy
Corp. to Carpathian Energy Companie Petrolia SRL.
Pursuant to the property purchase agreement dated July 5, 2004, as amended
Aug. 17, 2005, between Oracle Energy Corp. and Carpathian Energy Companie
Petroliera, Oracle Energy was granted the option to acquire up to 20%
interest in six oil and gas concessions located in Romania known as the
Bordei Verde West, Nadlac, Catrunesti, Cozieni, E. Ciumeghiu and N.
Ciumeghiu concessions. Oracle Energy Corp. is actively pursuing other
international oil and gas projects to add to its assets in Romania, Yemen,
and Peru.
ON BEHALF OF THE BOARD
Nasim Tyab, President
Value Relations GmbH
OCL@ir-services.de
(c)DGAP 15.03.2006
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language: English
emitter: Oracle Energy Corp.
5525 West Boulevard, Suite 440
V6M 3W6 Vancouver, BC Kanada
phone: +1 604 980-6620
fax: +1 604 602-9974
email: info@oracleenergy.com
WWW: www.oracleenergy.com
ISIN: CA68400T1093
WKN: A0F52J
indexes:
stockmarkets: Freiverkehr in Berlin-Bremen, Stuttgart, München; Open Market
in Frankfurt; Foreign Exchange(s) Canadian Venture Exchange
End of News DGAP News-Service
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