IRVINE, Calif., Sept. 12, 2006 (PRIMEZONE) -- "Despite any short term price roller coaster, oil continues to trade at exorbitant rates with exploration and production racing to meet demand," said SmallCap Sentinel analyst D.R. Clark. "Assuredly, the lofty prices for barrels of oil making the nightly news also signal small cap investors to look for companies endeavoring to find more oil."
"Headlines such as those released by Radial Energy Inc. (OTCBB:RENG) today relate to these events," Clark noted. "Radial Energy has just 'spudded' the first well of their intriguing Highway 79 prospect and internal studies have indicated a potentially net recoverable of 5.300,000 barrels of oil and 1.68 billion cubic feet of natural gas from all three zones. One would expect this to spark investor interest."
Radial Energy seeks to identify, acquire and develop low risk oil and natural gas exploration and development opportunities throughout the Western Hemisphere. In addition to the United States and Canada, the company is currently focusing on Peru and Colombia, as these countries represent what management believes are regional first-tier competitive business prospects with tremendous investment incentives for oil and gas companies. Management has analyzed the business climate and believes that factors such as lower production taxes and government takes, alongside extensively improved civil and social conditions provide for significant opportunities with limited risk. The company intends to remain flexible and will pursue opportunities as they arise in other stable, foreign investment-friendly countries, both regionally and elsewhere in the Americas.
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The report "Batter Up! Analysis of the Energy Market" has been made available at www.SmallCapSentinel.com and will address Radial Energy, BP PLC (NYSE:BP), Chevron Corp. (NYSE:CVX), and Exxon Mobil Corp. (NYSE:XOM)
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