Doral Energy Announces Name Change, Enters into Binding Purchase Agreement to Acquire Producing Oil Assets in Permian Basin
Market Wire, April, 2008
Further Information
Shareholders and investors are encouraged to visit Doral Energy's website at www.DoralEnergy.com for more information. Please feel free to call investor relations toll-free at 1-866-511-1147 with any questions pertaining to the Company.
On behalf of DORAL ENERGY CORP, INC.
Dr. Paul Kirkitelos, President and CEO
Legal Notice Regarding Forward-Looking Statements
Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Forward looking statements are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Information concerning oil or natural gas reserve estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. Closing of the transactions described above is subject to a number of terms and conditions, including the satisfactory completion of each party's due diligence investigations. In addition, Doral Energy Corp does not currently have sufficient financial resources to pay the cash portion of the purchase price for the Hanson Energy assets, and will require substantial financing prior to completing the acquisition of these assets.
Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release. In evaluating these statements, you should consider the risks discussed, from time to time, in the reports we file with the US Securities and Exchange Commission.
Contacts: AMD Market Strategies 1-866-511-1147 or (646) 688-4865 Website: www.AMDStrategies.com
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