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skylyne

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skylyne

Re: None

Tuesday, 10/25/2005 6:42:26 PM

Tuesday, October 25, 2005 6:42:26 PM

Post# of 70
News out . Let's hope for the best

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


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