News for 'CYBT' - (Cybertel Capital's Core Energy to Boost Revenues)
SAN DIEGO, CA, Dec. 17, 2004 (MARKET WIRE via COMTEX) -- Cybertel Capitals Corporation (OTC BB: CYBT) announced today that its energy unit Core Energy, LLC is in the process of bringing an additional 13 wells into production. Core Energy is in the final stages of being able to move pumping units and well bore pipes to its New Hope "south" lease. The company is ready to put on production up to thirteen new wells. The anticipated increase from production if all thirteen wells are placed on line will be approximately 40 barrels a day.
"This will put Core in the range of producing just about 200 barrels a day which is a significant milestone for the company over the last year," stated Ted Lamare, managing director. At this run rate Core Energy's oil production will, at current prices, generate over $2,000,000 in 2005 revenues for Cybertel Capital.
ABOUT CYBERTEL
Cybertel Capital is a holding company that acquires interests in privately held companies. Cybertel Capital will also act as an incubator for profitable companies that would like to go public in the near future. Cybertel Capital will provide services to these companies and investment into their infrastructure that will enable them to become a public entity through dividend distribution to the shareholders of Cybertel Capital. Cybertel Capital's World Wide Web address is www.cybertelcapital.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: The statements which are not historical facts contained in this advertisement are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, governmental approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
For more information contact:
Cybertel Communications Corporation
Art Armagost
Tel. 858-646-7410
SOURCE: Cybertel Capital
Copyright 2004 Market Wire, All rights reserved.
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SUBJECT CODE: Energy and Utilities:Oil and Gas
Telecom:Telecommunication Services
Source: Comtex Wall Street News
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