Doral Energy Corp.
OTC Bulletin Board : DENG

Doral Energy Corp.

August 11, 2008 09:20 ET

Doral Energy Appoints H. Patrick Seale as Chief Operating Officer

LOS ANGELES, CALIFORNIA--(Marketwire - Aug. 11, 2008) - Doral Energy Corp (OTCBB:DENG) ("Doral" or "the Company"), an oil and gas exploration and production company, announced today that it has appointed H. Patrick ("Pat") Seale as its Chief Operating Officer. Mr. Seale brings over 30 years of experience in petroleum engineering, oilfield operations management, executive management, international banking, and startup company development. His post is effective immediately.

Mr. Seale was previously President of SPI Operations of Midland, Texas, where he was a founder and spent seven years directing SPI's production and reserve growth. SPI's reserves eventually reached 15 million barrels of oil equivalent (BOE) in ten West Texas projects. SPI achieved its growth through strategic acquisitions of under-producing and under-developed properties with potential for exploitation of both existing wells and proved undeveloped reserves. Prior to his departure, Mr. Seale engineered the sale of a majority interest in SPI's largest project.

"The depth of experience Pat Seale brings to the rapid growth of Doral Energy will allow us to manage that growth by ensuring that our operations and engineering programs are handled effectively," commented Doral CEO Dr. Paul Kirkitelos. "Pat has played a major consulting role in our development thus far, and having him on board full time will allow us to depend on his extensive knowledge of not only operations and engineering, but energy finance as well. He is an extremely valuable addition to our company."

Previously, Mr. Seale was Vice President of Engineering for the North American Oil and Gas Unit of NatWest Markets, the corporate and investment banking division of National Westminster Bank, PLC. In this role, Mr. Seale evaluated economic feasibility of energy projects and helped determine the size of the bank's reserve-based lending facilities for projects throughout the world.

Mr. Seale previously gained international operations and development experience as Vice President of Operations for both Concept Energy Corporation in Colombia and Frontera Resources Corporation in the Republic of Georgia and the Azerbaijan Republic. In these roles he created development and drilling plans, managed production and drilling operations, and worked with international banks and investors to obtain equity and debt financing. He was also Vice President of Engineering for Cabot Oil & Gas Corp. (NYSE:COG), managing the 800 Bcfe reserve base held by $4 billion market cap Cabot. Mr. Seale began his career with Exxon after graduating with Highest Honors in Petroleum Engineering from the University of Texas at Austin.

"I am extremely enthusiastic about the opportunity to help Doral Energy grow and become a significant independent operator," said Mr. Seale. "The opportunities for a company like Doral, focused on aggregating and exploiting under-developed assets, are among the most attractive in the domestic oil and gas market. With an emphasis on strong operational management and prudent financial strategy, I believe Doral is in the right business at the right time."

About Doral Energy Corp

Doral Energy Corp (OTCBB:DENG) is an emerging oil and gas company headquartered in Los Angeles, with an operations office in Midland, Texas. Doral Energy Corp's strategy is to grow a portfolio of under-developed exploration and production assets with the potential for new drilling - generating near-term increases in existing production through operational improvements, and longer-term development of proved undeveloped reserves. Doral focuses on identifying acquisitions that generate immediate cash flow from production, but which also have strong proved undeveloped reserve bases that can be tapped for significant growth. The prolific Permian Basin of Texas and New Mexico is a geographic region of particular interest for the Company's future acquisition activity. Doral's first producing asset is the Eddy County Properties in the northwestern Permian Basin of New Mexico, which are currently producing 120 barrels of oil equivalent (BOE) per day and have 4.1 million BOE in proved reserves.

Further Information

Shareholders and investors are encouraged to visit Doral Energy's website at for more information. Please feel free to call investor relations toll-free at 1-866-511-1147 with any questions pertaining to the Company.


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.

Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include misinterpretation of data, inaccurate estimates of oil and natural gas reserves, the uncertainty of the requirements demanded by environmental agencies, the Company's ability to raise financing for operations, breach by parties with whom the Company has contracted, inability to maintain qualified employees or consultants because of compensation or other issues, competition for equipment, inability to obtain drilling permits, potential delays or obstacles in drilling operations and interpreting data, the likelihood that no commercial quantities of oil or gas are found or recoverable, and our ability to participate in the exploration of, and successful completion of development programs on all aforementioned prospects and leases. Additional information on risks for the Company can be found in filings on Edgar of other junior oil and gas exploration companies with the US Securities and Exchange Commission.

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