Spectral Announces First Oil Well Completion

Thursday, Feb 23, 2012

Spectral Capital Corporation, (FCCN.QB) (F3SN:F) announced today that it had finished the recompletion and reconditioning of its first oil well on its newly acquired Alberta property with production beginning imminently. There are seven other drilling locations on this property that Spectral intends to develop.

'Spectral is exceptionally pleased that our first producing well has been successfully recompleted, ahead of schedule, and that revenues will be generated immediately. We are looking forward to realizing profits from this first well and expect that production will provide us with revenues sufficient to cover overhead and to fuel expansion efforts for the development of the property.' Concluded CEO Jenifer Osterwalder.

About Spectral

Spectral Capital Corporation acquires and develops natural resources projects worldwide. Spectral has a synergistic, balanced, mutually reinforcing growth strategy focused in three areas: Near Term: Acquisition of Cash Flow Producing Oil and Gas Properties; Medium Term: Development of a Substantial, Producing Oil and Gas Asset Portfolio and Long-Term: Large Scale Natural Resources Projects for Future Growth.

Source: Business Wire

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