IRVINE, Calif., Feb. 16, 2007 (PRIME NEWSWIRE) -- "As oil prices continue their ascent more agile companies are finding alternative exploration methods profitable," said SmallCap Sentinel analyst D.R. Clark. "On a strategic basis, big oil companies are often focused on enormous exploration efforts. This leaves small market niches to be developed by companies that can identify and aggregate 'under the radar' resource niches. If the company is successful in aggregating these smaller deposits shareholders can reap big rewards."
"One such company is Radial Energy Inc. (OTCBB:RENG)," Clark noted. "In fact, the company announced recently that they have resumed drilling at their Huaya 100-1X Well in Peru. The company is excited to resume operations, citing several positive geological factors including almost certain seal, trapping, hydrocarbons and structural closure as well as a favorable drilling depth for wells on this structure of less than 1,000 feet."
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.
For more information about Radial Energy please visit:
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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