Doral Energy Corp.
OTC Bulletin Board : DRLY

Doral Energy Corp.

November 23, 2009 07:30 ET

Doral Energy Corp.: Cohen Independent Research Group Issues Long Term Price Index Target Price of $1.21

MIDLAND, TEXAS--(Marketwire – Nov. 23, 2009) - Doral Energy Corp. (OTCBB:DRLY) ("Doral" or "the Company"), announced today that Cohen Independent Research Group, Inc., Wall Street's leading independent fundamental research firm, has issued a research report on Doral Energy Corp. with a long-term target price of index of $1.21.

For the full report please visit Cohen Independent Research Group's website, www.cohenresearch.com.

About Cohen Independent Research Group:

Led by Paul Cohen, Cohen Independent Research Group is Wall Street's #1 Independent Research Firm. As founder of Bear Stearns Western Regional Offices, Paul Cohen was one of the original 12 Dirty Dozen analysts, regarded by many to be the top 12 security analysts in the nation. Mr. Cohen was also the West Coast Senior Vice President of CBWL-Hayden Stone-American Express. Mr. Cohen's partners were Sanford I. Weill (past Chairman and CEO of CitiGroup and past Chairman of Solomon Smith Barney) and Arthur Levitt (past Chairman of the Securities and Exchange Commission (SEC)).

Cohen Independent Research Group includes nine PhDs (three with MDs), two MDs, six CFAs (chartered financial analyst), three with CPAs (certified public accountant) and 21 analysts covering most industries. The backbone of the fundamental research targeted at stock investment includes investigative research into significant corporate events, thorough review of SEC filings, in depth financial analysis, valuations, and management profiles. For more information, readers can visit the company's website at www.cohenresearch.com. Cohen Independent Research Group was compensated a total of $37,500 by the Company for the preparation and dissemination of the above research report.

About Doral Energy Corp.

Doral Energy Corp. (OTCBB:DRLY) is an oil and gas exploitation and production company headquartered in Midland, Texas. Doral Energy Corp.'s strategy is to grow a portfolio of under-developed production and exploitation assets with the potential for generating near-term increases in existing production through operational improvements, and longer-term development of proved undeveloped reserves by infill drilling. Doral focuses on identifying acquisitions that generate immediate cash flow from production, but which also have strong proved developed non-producing and proved undeveloped reserves that can be tapped for significant growth. The prolific Permian Basin of Texas and New Mexico is the geographic region of focus for the Company's future acquisition activity. Doral's first producing assets, the Hanson Properties in Eddy County, New Mexico, located in the northwestern Permian Basin of New Mexico.

Further Information

Shareholders and investors are encouraged to visit Doral Energy's website at www.DoralEnergy.com for more information.

On behalf of DORAL ENERGY CORP.

Everett Willard ("Will") Gray, II, Chief Executive Officer

Forward Looking Statements

This news release and the research report prepared by Cohen Independent Research Group, Inc. contains forward-looking statements that are not historical facts and 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. In addition, there is no assurance that the Company will be able to refinance its current credit facility or be able to obtain sufficient financing to proceed with its development plans for its existing properties. An inability to obtain future financing could cause the Company to lose its existing properties or be unable to proceed with its development plans. Finally, the projections contained in the research report assume that the Company will retain its properties for at least the next 5 years. Interested investors should carefully review the reports and documents the Company files from time to time with the United States Securities and Exchange Commission (the "SEC"), and should consult their own financial advisors prior to investing in the Company.

In particular, there is no assurance that Doral will be able to re-finance its current credit facility or acquire any future properties.

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 the Company's filings with the US Securities and Exchange Commission.

Contact Information

  • Doral Energy Corp.
    Brad Holmes
    (713)654-4009 - office
    (713)304-6962 - cell
    b_holmes@att.net