CCM Liquidity Report: Oracle Energy Corp. (OCL: TSX-V) (OECPF: PK)
23 Aprile 2008 - 8:30PM
Marketwired
TORONTO, ONTARIO $ 7.2
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50 DAY AVG. VOLUME 61,400
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50 DAY AVG. VALUE $ 9,345.00
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50 DAY AVG. DAILY TRADES 9
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50 DAY AVG. DAILY TRADE VALUE $ 1,038.00
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% OF FLOAT TRADED 0.13%
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In the most recent Technical Research Report dated April 10,
2008, the analyst stated:
"Oracle Energy Corp. (OCL) is currently trading on the cusp of
the key 5- weekly modified moving average at 0.147."
"My model shows weekly support at 0.117 with semiannual
resistance at 0.249. Monthly supports are 0.086 / 0.071."
"The 50- day and 200- day moving averages provide additional
resistances at 0.186 and 0.290."
In the most recent Research Note, dated February 4, 2008, the
analyst stated:
"The temporary halt in drilling operations at the Jonnell Zamora
#1 well did create some uncertainty regarding Oracle Energy's Texas
drilling operation with the primary factor being an uncertain
timetable for the restart of drilling efforts. This uncertainty has
now been eliminated with Oracle Energy's announcement that drilling
operations will be restarted in February 2008."
"It is our belief that the market over-reacted to the news of
the temporary halt in activity on the Zapata County lease property.
The halt was a result of operational issues with the original well
casing that have now been eliminated with the startup of a
completely new well and did not indicate that the well site or the
Texas lease as a whole lacked commercial potential."
"It should also be noted that Oracle has additional properties
in their portfolio with proven or probable reserves including their
partnership interest in Romania, which is currently under
development."
The Liquidity Report can be found at:
http://www.baystreet.ca/articles/research_reports/ccm_research/OCL_LiquidityReport_April%20232008.pdf
CCM Research is a division of Cronus Capital Markets, Inc.
Cronus Capital Markets, Inc., through its CCM Corporate Advisory
division, entered into a one year $40,000.00 contract with the
Company to assist it with the creation and execution of
information-based strategies to overcome market inefficiencies that
are commonplace for the vast majority of public companies,
including: share illiquidity, lack of credibility, and stagnant
market capitalizations.
Cronus Capital Markets� (CCM) is a leading capital market
services firm providing services to investors, institutions,
exchanges, and public companies. CCM's equity research, indexes,
and ETFs receive international attention and represent important
new sectors of growth.
CRONUS CAPITAL MARKETS, INC. IS THE SOLE SOURCE OF THIS PRESS
RELEASE.
The TSX Venture Exchange has neither approved nor disapproved
the contents of the press release.
Contacts: Cronus Capital Markets Peter Soni Chief Information
Officer (416) 368-3700 ext 225 Email:
Peter@cronuscapitalmarkets.com
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