Oracle Energy fka OCL

[Tackler]

CORPORATE SUMMARY SPRING 2007

Trading Symbol: OCL: TSXV
O2E: FRANKFURT
OECPF: PINK SHEETS
Current Share Price: $.31
52 week share price range: High $.79 Low: $0.24
Shares Outstanding: 41,073,080
Market Capitalization: $12,700,000
Fully Diluted Shares: 51,746,913

Oracle Energy Corp. (“Oracle”) is an international oil and gas exploration company . It has an 18.75% interest in 640 acres Zapata County, Texas. The Company also has a 20% interest in 6 previously producing oil and gas concessions in Romania, a 20% interest in the Fiume Arrone permit in Italy, and a 15% interest in the Evaluation and Promotional Agreement for Area X111, Peru. $2.3million was recently raised of which a portion will go towards new project acquisitions which are actively being negotiated on.

Highlights Spring 2007

Texas

Re-entry operations are now underway on the Jonnell Zamora #1 well. It was drilled in 1961 and flowed at rates of 4mmcfg/d. The well was never commercially produced due to being a dry gas discovery, and no market existed in 1961 to transport dry gas. There also exists further potential from at least one additional gas zone at deeper levels.

Romania

As of April 10 2007, Oracle has been notified by project operator Carpathian Energy that the National Gas Regulation Authority of Romania has issued the final approval of the permit to produce gas and hydrocarbons from Well No. 3 at Nadlac Field in western Romania. All planned work programs may now commence.
Initial tests on the first work over well [#3] in the Nadlac field indicated gas and fluid produced at the following rates: 27/64-inch choke: 1,230 mcfd and 23 bcd (barrels of condensate per day) and 15/64-inch choke: 673 mcfd and 10 bcd.
Also at Nadlac, an oil zone has been identified. Geological data indicates an oil column at least 71 feet thick and field wide encompassing an area at least 860 acres. Production tests at deeper levels indicate the oil column could be significant. Next workover at Nadlac will include running a Schlumberger RST Log to further evaluate the oil and gas zones behind pipe in the wellbore.
A trailer-mounted 3500 Wilson drilling rig (capable of drilling 5000 feet) purchased by operator Carpathian Energy and scheduled to land in Romania, second quarter 2007 is expected to be mobilized first to the Cozieni field to drill 2 new gas wells and then to the Bordei Verde Vest oil field to drill 14 new wells in 2007.

Italy

The 358 sq km onshore Fiume Arrone Permit, is along the coast of Italy to the west of Rome. It contains the Roma 1 and Roma 2 wells drilled in 1955 the latter of which was reported to have had shows of gas. The first well, planned to be 950m deep, will target a gas prospect identified from seismic.
Drilling is expected soon and scheduled to commence upon arrival of the secured rig.

For further info: Please contact James Ewanchook, Corporate Communications Oracle Energy Corp.
604-980-6620

Some of the statements contained in this summary are forward-looking statements. Forward-looking statements include but are not limited to, statements concerning estimates of recoverable hydrocarbons, expected hydrocarbon prices, expected costs, statements relating to the continued advancement of the Company's projects and other statements which are not historical facts. Although the Company believes that its expectations reflected in the forward-looking statements are reasonable, such statements involve risk and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Various factors could cause actual results to differ from these forward-looking statements including the potential that the Company's projects will experience technical and mechanical problems, geological conditions in the reservoir may not result in commercial level of oil and gas production, changes in product prices and other risks not anticipated by the Company or disclosed in the Company's published material. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. The information herein does not constitute an offer of securities for sale.

ON BEHALF OF THE BOARD
“Loren D. Currie”
Loren Currie
Chief Financial Officer