SOURCE: IO Circuit

September 12, 2006 07:20 ET Spotlights Radial Energy Spuds G.D. Station Well No. 1

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

LAKE HARMONY, PA -- (MARKET WIRE) -- September 12, 2006 -- Radial Energy Inc. (OTCBB: RENG) (the "Company") announced today that it has been notified by its operator, MLC Operating, L.P. ("MLC") of Houston, Texas, that drilling operations commenced at the G.D. Station Well No. 1, Highway 79 Prospect, Cherokee County, Texas, on September 8, 2006.

The well is located one mile west of Jacksonville, Texas, and is the first well to be drilled on the Highway 79 Prospect. The joint operating agreement between Radial and its partners contracts MLC to undertake the initial test well to a proposed depth of 4,950 feet targeting the 1, 2 & 3 Woodbine Sands, where internal studies have indicated a potentially net recoverable of 5,300,000 barrels of oil and 1.68 billion cubic feet of natural gas from all three zones. Radial Energy has a working interest participation in the prospect of 30% before payout and 22.5% after payout.

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