Doral Energy Corp.
OTC Bulletin Board : DEGY

Doral Energy Corp.

February 24, 2009 09:14 ET

Doral Energy Engages C. K. Cooper & Company as Exclusive Financial Advisor

MIDLAND, TEXAS--(Marketwire - Feb. 24, 2009) - Doral Energy Corp. (OTCBB:DEGY) ("Doral" or "the Company"), an oil and gas production and exploitation company, today announced that it has engaged C. K. Cooper & Company, an independent, full-service investment bank and financial services firm headquartered in Irvine, California, as its exclusive financial advisor. In this capacity, C. K. Cooper & Company will advise the Company on a wide range of issues ranging from maximizing shareholder value, to general market conditions, to increasing shareholder exposure. In addition, C. K. Cooper & Company will assist Doral Energy in evaluating its current capital structure and options to re-finance its current credit facility.

"We are very enthusiastic and drawn to Doral Energy given its geographic focus and strong asset base," commented C. K. Cooper Managing Director, Alexander G. Montano. "We have had a significant amount of success identifying very successful issuers with operations in the Permian Basin and believe that Doral has similar qualities. We look forward to a long-term relationship with Doral."

Doral Energy Chief Executive Officer, E. Will Gray, II, stated, "We are extremely enthusiastic about working with C. K. Cooper & Company, due to their history of helping companies like Doral to achieve profitable growth."

About Doral Energy Corp.

Doral Energy Corp. (OTCBB:DEGY) is an emerging oil and gas exploitation 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 infill drilling - generating both 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 proved developed non-producing and proved undeveloped reserves that can be developed 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 assets are in Eddy County, New Mexico in the northwestern area of the Permian Basin, which are currently producing 135 barrels of oil equivalent (BOE) per day and have 6.1 million BOE in proved reserves.

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

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

Contact Information

  • Doral Energy Corp.
    Everett Willard ("Will") Gray, II
    Chief Executive Officer
    (432) 789-1180
    Website: www.DoralEnergy.com