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Cybertel Capital's Core Energy to Capitalize on Timing via COMTEX
June 3, 2004
VISTA, Calif., Jun 3, 2004 /PRNewswire-FirstCall via COMTEX/ --
Cybertel Capital Corporation (OTC Bulletin Board: CYTL) announced today that Core Energy, a unit of Cybertel Capital, reported that one of its small, yet significant oil properties, in Kern county California has greater than expected remaining reserves.
We have determined through geologic evaluation, only a limited amount of the original oil in place has been recovered to date. It is our strong intention to aggressively develop this asset to maximum potential. Geological reserve reports show that the property has 128,000 proven undeveloped reserves (PUD). The spot market for oil closed at $41.50 per barrel on June 1, 2004.
The origins of the Lease date back to the 1940's when it was first drilled. At one period in time, the lease was controlled by an oil trust assembled by business managers for Fred Mac Murray and Red Skelton.
Some of the techniques used by Core for enhanced oil recovery are Steam injection and infill well re-drills.
About Cybertel
Cybertel is a fully integrated telecommunications service provider that supplies a wide range of telecommunications services. The company offers highly competitive rates to its residential customers on long-distance, personal 1-800 numbers, and calling cards. For businesses, Cybertel offers a wide variety of value-added services. The company is generating a new business plan that encompasses acquiring and developing companies in preparation for going public.
------------------ Ciao! Good Luck!!
will
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Does anyone know the 52 week low on this, it traded as CYTP also. If you know please furnish the info, appreciate it.
CuriousBull
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It is currently trading at its 52 wk low. (cbsmarketwatch.com)
quote:Originally posted by will: Does anyone know the 52 week low on this, it traded as CYTP also. If you know please furnish the info, appreciate it.
EinnocE
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I'm showing a 52 week low of .0010 on 9/12/03.
quote:Originally posted by will: Does anyone know the 52 week low on this, it traded as CYTP also. If you know please furnish the info, appreciate it.
EinnocE
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I'm showing a 52 week low of .0010 on 9/12/03.
quote:Originally posted by will: Does anyone know the 52 week low on this, it traded as CYTP also. If you know please furnish the info, appreciate it.
will
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Thanks, it looks like it could be a buy at this price.
EinnocE
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I agree, I bought some this morning. I missed that little run it had up to .012. That would have been sweet. I am hoping it will happen again.
quote:Originally posted by will: Thanks, it looks like it could be a buy at this price.
will
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I have buys in for .0009 & .0008, if it doesn't dip to that I will try .001 late.
quote:Originally posted by EinnocE: I agree, I bought some this morning. I missed that little run it had up to .012. That would have been sweet. I am hoping it will happen again.
will
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Damn! Missed it, it traded at .0009, but I didn't fill. Trading at .0014 already. Good Luck!
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