Press Release Source: Cybertel Capital Corporation
Cybertel Communications Core Energy's Reserves Valued At $11,700,000
Monday February 28, 10:15 am ET
Core's Leases Valued in Reserve Report
SAN DIEGO--(BUSINESS WIRE)--Feb. 28, 2005--Cybertel Capital Corporation (OTCBB:CYBT - News) announced today that its subsidiary, Core Energy most recent Reserve Report prepared by Pacific Geotechnical Associates shows proved developed and proved undeveloped reserves to be valued at $11,764,242. The valuation is based on Core receiving $31 per barrel for its delivered production. In New York Mercantile Exchange Trading, benchmark light, sweet crude oil for April delivery increased to $51.39 a barrel.