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Oracle Energy Corp.: Drilling Operations Proposed for Jonnell-Zamora #2 Well in Mid-March 2008.

Canadian Corporate News, February, 2008

Content provided in partnership with HighBeam Research

VANCOUVER, BRITISH COLUMBIA, Feb 4, 2008 (Marketwire via COMTEX) -- Oracle Energy Corp. ("Oracle Energy") (TSX VENTURE:OCL)(PINK SHEETS:OECPF)(FRANKFURT:O2E) announces it has been notified by Ventum Energy LP ("Ventum") of Houston, Texas that drilling operations on the Jonnell-Zamora #2 well in Zapata County, Texas are scheduled for mid-March 2008.

Ventum Energy LP is the operating partner with a 52.28% interest. Ventum Energy LP, an Old World Industries Inc. company, is an independent exploration and production company based in Houston, Texas with interests in Texas, Louisiana, Oklahoma and Pennsylvania. Ventum Energy's operation entity, Ventum Oil and Gas LP will conduct the drilling operations of the new well.

The proposed new well will be located...

 

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