Oracle Has Plans for Honduras

Oracle Energy Corp. intends to pursue oil and gas exploration opportunities in Honduras, Central America. The company, through its subsidiary Oracle Energy Honduras SA, has established an office in Tegucigalpa, Honduras, and has stationed full time representatives to pursue its interests in Honduras.

At a press conference in Tegucigalpa, Oracle representatives announced the company's plans to initiate the process of acquiring exploration lands in undisclosed parts of Honduras. Oracle's decision to commit resources to Honduras was based on the results of extensive geologic and remote sensing studies carried out over the last 14 months. Oracle Energy's preliminary evaluation indicates significant oil and gas potential at reasonable depths.

Oracle Energy Corp. is a Canadian-based oil and gas company with a diversified portfolio of international oil and gas interests.