SEATTLE--(BUSINESS WIRE)--Spectral Capital Corporation (FCCN.QB) (F3SN:F) is pleased to announce it has identified numerous opportunities in the oil and gas sector for investment. The company believes that the current market dysfunction has created very favorable investment opportunities in oil and gas assets and company management has spent significant time and research over the past few months identifying opportunities in this sector. Numerous travels were made to prolific oil markets around the world as well as attending recent conferences such as the World Independent & Jr. Oil Congress and Oil & Gas Investor Summit Asia.
The foray into oil and gas investments is the undervaluation the capital markets have placed on exploration companies due to the market's dysfunction and economic uncertainty. The market valuation of exploration companies has dropped by 23% in 2011, to its lowest level since the market crash of 2008, according to Bloomberg, 6 October 2011. Over the same period, the price of Brent crude has increased in value by more than 8%. This shows an 'extreme dislocation between crude and company valuations'. The most favored forecast for oil prices for the next two years is above $90 per barrel, according to Bloomberg among other analysts.
'Spectral has identified a number of undervalued oil properties with huge upside potential over these past few months and has targets to acquire or partner for minimal initial investment. Spectral can profit from these assets in a number of ways and we think now is the time to seize these opportunities. The company is putting itself in a very good position with our current Saratov partnership as well as with our intention to add to our asset portfolio over the near term during this period of market undervaluation', stated Jenifer Osterwalder, President and CEO.
About Spectral
Spectral is focused on the acquisition and development of a significant portfolio of properties in the natural resource sector, mainly in the Commonwealth of Independent States region. Spectral has developed a pipeline of natural resource prospects to fuel its continued growth. The company's acquisition objective is to obtain projects of at least $500,000,000 in terminal value per project as well as a commodity and regional diversity across its portfolio. Spectral is a US-based publicly traded company and is listed on the US over the counter markets as FCCN and Frankfurt exchange as F3SN. Spectral is a Nevada state corporation. Spectral Capital is a US-based publicly traded company and is listed on the US over the counter markets as FCCN and Frankfurt exchange as F3SN. Spectral is a Nevada state corporation.
PRESS RELEASE FORWARD LOOKING STATEMENT:
This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company's growth and business strategy. Words such as 'expects,' 'will,' 'intends,' 'plans,' 'believes,' 'anticipates,' 'hopes,' 'estimates,' and variations on such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the Company's business; competitive factors in the market(s) in which the Company operates; risks associated with operations outside the United States; and other factors listed from time to time in the Company's filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.