Cybertel Communications Core Energy's Reserves Valued At $11,700,000; Core's Leases Valued in Reserve Report.SAN DIEGO -- Cybertel Capital Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CYBT) 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 New York Mercantile Exchange (NYMEX) The world's largest physical commodity futures exchange. Trading, benchmark light, sweet crude oil Sweet crude oil is a type of petroleum. Petroleum is considered "sweet" if it contains less than 0.5% sulfur[1], compared to a higher level of sulfur in sour crude oil. Sweet crude oil contains small amounts of hydrogen sulfide and carbon dioxide. for April delivery increased to $51.39 a barrel. About Cybertel Cybertel Capital is a holding company that acquires interests in privately held companies privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. . 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. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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