[parisc-linux-cvs] Leading Botswana Energy Exploration Company Selects Capital City Energy Subsidiary to Provide Engineers

[investorrelations at ibeammail.com]

Leading Botswana Energy Exploration Company Selects Capital City Energy
Subsidiary to Provide Engineers
Capital City Energy Group, Inc. (OTCBB: CETG)
<http://finance.yahoo.com/q?sÎTG.OB>  ("Capital City") announced today
that Saber Exploration Pty Limited ("Saber"), a leading Botswana-based
exploration and development company, has selected Eastern Well Services,
LLC ("Eastern") to provide engineers for Saber's project in Botswana,
Africa. Eastern Well Services is a wholly owned subsidiary of Capital
City. 
Eastern will support Saber's exploration and development activities
surrounding coal bed methane prospects in the country, and will provide
other support services such as onsite supervision of drilling
operations, assistance with surface hole selection, engineering services
and other customary support services. 
"We are pleased to have been selected for these high-profile exploration
and development activities in Botswana," said Daniel Coffee, Chief
Operating Officer of Capital City. "Eastern is quickly developing a
reputation for helping emerging energy companies, and we look forward to
deploying our team of engineers to the project. With energy prices near
record levels, companies both domestically and internationally continue
to look for new exploration venues to capitalize on rising demand,
making us the ideal partner." 
Eastern is Capital City's oilfield services company which plans to
operate in many of the significant oil and natural gas producing regions
of the United States, providing oil and natural gas companies with
wireline, fracturing, logging and testing services. We plan to compete
with our larger peers by offering technologically advanced equipment and
services at competitive prices and highly responsive customer service. 
Capital City recently went public through the merger with a publicly
traded company. For the fiscal year ended 2007, Capital City had revenue
of approximately $2.9 million, and EBITDA, a non-GAAP measure, of $1.9
million. 
About Capital City Energy Group, Inc. 
Based in Columbus, Ohio, Capital City is a diversified oil and natural
gas company with three separate divisions. Capital City is evolving from
being an innovative leader in the design, management and sponsorship of
retail and institutional direct participation energy programs to become
one of the few vertically integrated independent oil & natural gas
companies. Their strategy is to continue to grow a portfolio of core
areas which provide growth opportunities through grass-roots drilling,
operating, service companies, acquisitions and fund management. 
"Investing in America's Energy Future"
Visit Capital City Energy Group at www.capcityenergy.com
<file:///C:\4B8D6726\www.capcityenergy.com>  
Safe Harbor Statement 
Investors and readers are cautioned that certain statements contained in
this document, as well as some statements in periodic press releases and
some oral statements of our officers and directors during presentations
about our energy funds, along with Capital City Energy Group's filings
with the Securities and Exchange Commission, including the Company's
registration statements, quarterly reports on Form 10-Q and annual
report on Form 10-KSB, are "forward-looking" statements within the
meaning of the Private Securities Litigation Reform Act of 1995 (the
"Act"). Forward-looking statements include statements that are
predictive in nature, which depend upon or refer to future events or
conditions, which include words such as "expects", "anticipates",
"intends", "plans", "could", "might", "believes", "seeks", "estimates"
or similar expressions. In addition, any statements concerning future
financial performance (including future revenues, earnings or growth
rates), ongoing business strategies or prospects, and possible future
actions, which may be provided by the Company's management, are also
forward-looking statements as defined by the Act. Forward-looking
statements are based on current expectations and projections about
future events and are subject to various risks, uncertainties and
assumptions about Capital City Energy Group, its technology, economic
and market factors and the industries in which the Company does
business, among other things. These statements are not guarantees of
future performance and Capital City Energy Group, Inc. undertakes no
specific obligation or intention to update these statements after the
date of this release 
CEOcast, Inc. for Capital City Energy Group, Inc.
Daniel Schustack, 212-732-4300 
 
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