SOURCE: IO Circuit

September 19, 2006 07:10 ET Feature -- $3.25 Price Target for RENG

LAKE HARMONY, PA -- (MARKET WIRE) -- September 19, 2006 -- Radial Energy Inc. (OTCBB: RENG) (the "Company") announced it has approved the Authorization for Expenditure ("AFE") to commence drilling of the Campbell #1 well which will test the NW Jacksonville prospect for natural gas. The well is located in northern Cherokee County, Texas, and is scheduled to commence drilling in approximately 2 weeks at an estimated cost of $103,650 to Radial Energy based on the Company's 30% working interest in the prospect before payout, which will revert to a 22.5% working interest after payout of invested funds.

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