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Posted by donb on :

Cybertel Capital's Core Energy to Begin Steaming Wells
Wednesday June 23, 7:15 am ET

VISTA, CA--(MARKET WIRE)--Jun 23, 2004 -- Cybertel Capital Corporation (OTC BB:CYTL.OB - News) announced today that Core Energy, a unit of Cybertel Capital, would begin steaming its first wells this week. Core is planning on steaming two wells per week on its Bakersfield wells.

In the steaming process the well is injected with steam for three to five days. The steam remains in the well to "soak" for an additional three to five days at which point the water will begin to be pumped out. When the water is out of the well the oil will begin to flow at what Core anticipates being a substantial increase in production. Increased revenues should be brought in beginning with August sales.

It looks to be gapping up this morning, which I got in yesterday. I have a feeling this may run early this morning.

Posted by donb on :

up 12.50% as of now, volume is increasing.

Posted by justplayin on :

Volume and price starting to move in last 5 mins.

Any Ideas????