SAN FRANCISCO, Sept. 04, 2018 (GLOBE NEWSWIRE) -- Andrew O'Donnell of Supercharged Stocks delves into an oil and gas company that is in the midst of acquiring land in the Eagle Ford formation in South Texas.
Company mentioned: Oracle Energy Corp. (OEC:TSX.V; OECCF:OTC)
Oracle Energy's announcement from August 27 reporting the purchase of the Eagle Ford property was the actualization of an incredible plan with potential and a strong sustainable growth plan. It began back at the start of the year with this evaluation leading to the engagement of Petrie Partners as financial advisors, as announced on July 31. If you do not know this boutique investment bank, you should research them. Petrie Partners is a specialist bank; the senior members of the Petrie team bring to bear an average of more than 25 years of energy investment banking experience, including over 300 energy M&A and capital raising transactions representing over $350 billion of aggregate consideration.
Oracle is a company that has changed direction, revised both its board and senior management, raised money over six months with an advisor team with financial acumen, and has announced a purchase of a land package with producing wells and some mitigated risk and known risk around financing.
Management will announce Canadian banking partnerships soon that will assist in funding Oracle for its acreage capture while at the same time the company will continue to work with Petrie Partners Securities to assist in raising development capital for the drilling portion of the Eagle Ford Development Project... We have a stock that is poised to climb with a strong management team and excellent financial support and backing.
Continue reading this article: Oil & Gas Firm Acquiring Eagle Ford Acreage Resumes Trading
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DISCLOSURE:
The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Oracle Energy. Click here for important disclosures about sponsor fees. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Oracle Energy.
I, Andrew O’Donnell, hold no direct investment interest in any company mentioned in this article. I was not paid for this article.
The full disclosure is provided at the end of the published article: Oil & Gas Firm Acquiring Eagle Ford Acreage Resumes Trading