Oracle Energy Corp. is a Canada-based oil and gas company. It is focused on exploration, development, redevelopment, and production in Africa, particularly in Nigeria and de-risking of its exploration acreage in Portugal. In Nigeria, it has entered into a MoU with Bolad Energy and Greenacres Energy to participate in marginal filed bid round process, as well as divest in onshore and shallow water assets. Nigeria’s reserves make it the tenth largest in world oil reserves and seventh largest in world gas reserves. In Portugal, the Company has renewed interest in oil and gas in both onshore and offshore through the Barreiro oil and gas concession in Portugal's southern Lusitanian Basin. The new concession is 95% onshore and covers an area of approximately 211,275 acres in size (855 square kilometers).