Oracle Energy Corp.
TSX VENTURE : OCL
FRANKFURT : O2E

Oracle Energy Corp.

October 25, 2005 16:00 ET

Oracle Energy Corp.: Beta No.1 Well Spudded in Block 22, Yemen

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 25, 2005) - Oracle Energy Corp. (TSX VENTURE:OCL)(FWB:O2E)is pleased to announce that it has been notified by Yemen Mayfair Petroleum Corp. (YMPC), operator for Block 22 in Yemen, that the Beta no.1 well was spudded (started drilling)this morning. Planned total depth is 8500 feet. The well is designed to test the hydrocarbon potential of Upper Miocene reservoirs.

Oracle Energy Corp. is a Canadian based company with a 15% participating interest in Block 22, Yemen and an 11.2% interest in six oil and gas concessions in Romania operated by Carpathian Energy.

ON BEHALF OF THE BOARD

Nasim Tyab, President

Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in those statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.

Contact Information

  • Oracle Energy Corp.
    Nasim Tyab
    President
    (604) 980-6620
    (604) 602-9974 (FAX)