Pursuant to the property purchase agreement dated July 5, 2004, as amended Aug. 17, 2005, between Oracle Energy Corp. and Carpathian Energy Companie Petroliera, Oracle Energy was granted the option to acquire up to 20% interest in six oil and gas concessions located in Romania known as the Bordei Verde West, Nadlac, Catrunesti, Cozieni, E. Ciumeghiu and N. Ciumeghiu concessions.
Oracle Energy Corp. is actively pursuing other international oil and gas projects to add to its assets in Romania, Yemen, and Peru.
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