SOURCE: IO Circuit

September 21, 2006 06:30 ET

GrowthStockResearch.com Announces Radial Energy Nears Start of Drilling in Peru

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO Circuit.

LAKE HARMONY, PA -- (MARKET WIRE) -- September 21, 2006 -- Radial Energy Inc. (OTCBB: RENG) (the "Company") is pleased to announce that it has been advised that the drilling equipment slated for the Block 100 project in Peru has reached the upper reaches of the Amazon River System on its way to the drill site located on the Ucayali River.

The drilling rig, truck, bulldozer, two pipe skids and nine sea freight containers were shipped on the shallow-draft river steamer M/N "Yacu Puma" from Houston on August 14th. As of today, the shipment is in Leticia, Colombia at the Brazil-Colombia-Peru border. The equipment is being transshipped to barges and will leave Leticia on the 22nd for Iquitos, Peru, where it will go through Peruvian customs, after which a further five days travel is required to arrive onsite at the Company dock.

To read the complete release, go to http://biz.yahoo.com/iw/060920/0165108.html

For more information on RENG, go to www.growthstockresearch.com

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