Oracle Energy Corp.
Oracle Energy: Update on Block 22, 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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February 17, 2006 – Oracle Energy Corp. (OCL:TSX Venture; 02E:Frankfurt) is
pleased to announce that it has been notified by operator of Block 22,
Yemen Mayfair Petroleum Corp. (YMPC), that reprocessing of seismic data
over a prospect of interest is currently underway. Once this is completed
and results interpreted, further exploration plans for Block 22 will be
formulated.
Oracle Energy Corp. holds a 15% participating interest in block 22, which
encompasses 8,151 square km within the Tihama Basin in the western region
of the Republic of Yemen. YMPC and its partners have invested in excess of
U.S. $20million on exploration programs to date. Principals of YMPC were
instrumental in the discovery of Yemen’s first giant oil field in the
mid-1980’s, located in the Marib basin. Block 22, was awarded to YMPC in
1993.
ON BEHALF OF THE BOARD
Nasim Tyab
President
T: +1 604 980-6620
F: +1 604 602-9974
www.oracleenergy.com
Value Relations Team
M: oracle@ir-services.de
T: 069 / 959246-13
(c)DGAP 17.02.2006
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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, Frankfurt, Stuttgart, München;
Foreign Exchange(s) Canadian Venture Exchange
End of News DGAP News-Service
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