Replies to post #32683 on ALERTS, CHARTS, & HOT STOCKS

[$oldier Hard]

DRLY .045. Great call from the .038 Babe. Here's the Large News today and there was Large news yesterday as well.
Doral Energy Corp Completes Permian Basin Oil and Gas Asset Divestiture for $10,000,000.00
Date : 06/16/2010 @ 6:30AM
Source : GlobeNewswire Inc.
Stock : Doral Energy Corp. (DRLY)
Quote : 0.045 0.0 (0.00%) @ 7:27AM


Doral Energy Corp Completes Permian Basin Oil and Gas Asset Divestiture for $10,000,000.00

MIDLAND, Texas, June 16, 2010
GLOBE NEWSWIRE
Doral Energy Corp. (OTCBB:DRLY) ("Doral" or "the Company"), is pleased to announce to shareholders that Doral Management has completed on schedule its divestiture of its Hanson Energy Oil and Gas Assets for $10,000,000.00. Use of proceeds will include the re-payment of its Senior Secured Debt with Macquarie Bank Limited, the payoff of all trade debt associated with the Hanson Energy Oil and Gas Assets, and the payoff of two notes, that are now mature due to the divestiture of the assets, in the amount of approximately $725,000.00 leaving the Company enough surplus cash to successfully close on the acquisition of certain South Eastern New Mexico Permian Age producing oil assets described in the Company's press release dated June 15, 2010.

Management Comments

Mr. E.W. Gray II, Chairman and CEO states, "We are pleased to announce that the divestiture of our Hanson Energy Oil and Gas Assets in now complete. The ability to re-structure the company in a way that can potentially provide greater shareholder value, without having to enter bankruptcy, has now been successful achieved. Doral is now poised to execute on our original business model of acquiring under-valued producing oil and gas assets within the Permian Basin in order to achieve the goal of increasing shareholder value. We appreciate the patience of all shareholders during this process and look forward to working relentlessly in our efforts to increasing the market capitalization of Doral Energy."

About Doral Energy Corporation

Doral Energy Corp. (OTCBB:DRLY) is an oil and gas exploitation and production 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 generating near-term increases in existing production through operational improvements, and longer-term development of proved undeveloped reserves by infill drilling. Doral focuses on identifying acquisitions that generate immediate cash flow from production, but which also have strong proved developed non-producing and proved undeveloped reserves that can be tapped for significant growth. The prolific Permian Basin of Texas and New Mexico is the geographic region of focus for the Company's future acquisition activity. Shareholders and investors are encouraged to visit Doral Energy's website at www.DoralEnergy.com for more information.

Forward Looking Statements

In accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, this news release contains forward-looking statements that are not historical facts and 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. In particular, there is no assurance that Doral will be able to further increase shareholder value or increase market capitalization due to either unforeseen markets conditions
or the possibility of dilution in order to execute upon the Company's business model. Additional information on risks for the Company can be found in the Company's filings with the US Securities and Exchange Commission.

CONTACT: Doral Energy Corp.
Brad Holmes
[phone]
Cell: [phone]
[e-mail]
Nine Greenway Plaza, Suite 550
Houston, TX 77046