SISM Research, Valuation Update On Octagon 88 Resources, Inc. - The First Coring Operation Targeting

SISM Research, Valuation Update On Octagon 88 Resources, Inc. - The First Coring Operation Targeting the Bottom of the Bluesky/Gething Oilsands Formation Was a Success - Opportunity Exists for Primary Production by Year-End

NEW YORK--(BUSINESS WIRE)-- Ernest C. Schlotter, a senior analyst with Zurich, Switzerland-based SISM Research and a four star analyst according to Reuter's StarMine, released his valuation updates on Octagon 88 Resource, Inc. (OCTX).

Company Update


Octagon's first coring program targeting the Bluesky/Gething Formation was successfully completed. The cores have been taken to AGAT laboratories for analysis. The cores showed eight meters of excellent quality cap rock necessary for enhanced recovery methods, followed by thirty meters of various types of oil bearing pay zones with primary production opportunities. This is major milestone, as it lowers production costs significantly compared to enhanced recovery technologies like SAGD or CSS methods and expedite the timeline to go into production. Based on 2D seismic interpretation at the core location, the Bluesky/Gething is expected to be between 500 to 800 meters in width. A 3D seismic program will be implemented this summer to give further information about the pay zone and provide multiple horizontal drilling locations targeting production in late 2013. With an estimated thirty meters of oil bearing pay over the project area, the Company estimates to start a 1,200 barrel a day scalable production facility scaling up to ultimately a 20,000 barrels a day production plant on the Bluesky/Gething development.

-SISM Update Report - March 18, 2013

SISM Summary Valuation

Based on very encouraging primary coring information SISM Research assigned a value of $1.00/bbl for Octagon's Prospective Resources as the Company is moving on to further develop the project with its goal to start production in late 2013. The project is now in its advanced development stage with the elimination of the regulatory process due to the primary production opportunity the company possess. When AGAT laboratories validate the well site findings, it would be reasonable based on industry comparable transactions to upgrade the Bluesky/Gething project valuations to $384 million or $14.62 per share.

-Ernst Schlotter, SISM Research

The full report can be found by clicking below; the report includes important analyst information and disclosures:

http://sism.com/Octagon%20Research%20March%2018,%202013.pdf

About:

SISM Research

SISM Research http://www.sism.com is a private investment research firm, based in Zurich, Switzerland, offering independent, fundamental research on public companies since 1995. SISM Research publishes research on micro- to small-cap companies trading on the OTC, NASDAQ, AMEX and TSX stock exchanges. SISM research coverage platforms are geared toward institutional and individual investors in both North America and in Europe. SISM Research, as a member-provider of the FIRST Research Consortium http://www.investrend.com/FIRST , takes steps to ensure the independence and integrity of SISM's published research that exceed those of the CFA Institute Code of Ethics and Standards of Professional Conduct and the CFA-NIRI Guidelines, by following the exacting "Standards for Independent Research Providers", which are also in accordance with guidance set forth by U.S. Securities and Exchange Commission's Advisory Committee on Smaller Public Companies.

InvesTrend Research Syndicate

The InvesTrend Research Syndicate (http://www.investrend.com/research/syndicate), a proprietary entity of InvesTrend Communications, Inc., distributes reports published by sources dedicated to unbiased, reliable analytics and complete transparency. The primary measure for determining those sources is the "Standards for Independent Research Providers" (http://www.investrend.com/FIRST/standards).

Octagon 88 Resources

In 2012 / 2013 Octagon 88 Resources, Inc. acquired substantial light and conventional heavy oil assets in Northern Alberta. The acquired projects have been substantially de-risked which leads the company to emerge as a development stage oil and gas company as of January 22, 2013. The company's intention is to grow shareholder value through mergers and acquisitions opportunities available to the company.

The current program schedule entails working with the operator of these properties to bring on production and cash flow through the company's direct working interests, and indirect investments spread throughout the projects.

Forward-looking Statements:

This press release contains forward-looking statements 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. Forward looking statements in this press release include statements about our drilling development program. 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, the timing and results of our 2012 drilling and development plan. Additional factors include increased expenses or unanticipated difficulties in drilling wells, actual production being less than our development tests, changes in the Company's business; competitive factors in the market(s) in which the Company operates; risks associated with oil and gas operations in the United States; and other factors listed from time to time in the Company's filings with the Securities and Exchange Commission including the Company's Annual Report on Form 10-K for the year ended December 31, 2011 and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2012. 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.

Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this press release, such as "probable," "possible," "recoverable" or "potential" reserves among others, that the SEC's guidelines strictly prohibit us from including in filings with the SEC. Investors are urged to consider closely the disclosure in our filings with the SEC.

SISM Research & Investment Services ("SISM") is a research and analysis firm that produces company and industry research reports. This report is based on SISM's independent analysis and judgment, but relies on materials supplied by the subject companies and other sources believed to be reliable. Except as otherwise indicated, SISM has made no independent verification and does not guarantee the information's accuracy or completeness. The information in this report is subject to change without notice, and SISM assumes no responsibility to update the information contained in this report. This report should not be used as a complete analysis of the companies, industries or securities described in this report. The information contained in this report is not intended to be, and shall not constitute, an offer to buy any security. The securities of the subject companies may involve a high degree of risk and may not be suitable for all investors. Investors are advised to consult their personal broker or investment advisor before making any investment decision concerning the subject companies. This report contains forward-looking statements made pursuant to the safe harbor provision of the Private Securities Act of 1995. This information may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. No promise of favorable point of view or opinion has been made by SISM to Octagon 88 Resource Inc. or to any of SISM's subject companies. Further, it is SISM's policy that neither the firm nor its principals, nor the firm's assigned and/or other writing analyst(s) own or trade shares of any subject companies or subject companies' "competitors". To assist the reader they should develop their own information they should go to the company website at http://www.octagon-88.com/.

© SISM Research & Investment Services 2013. All rights reserved. Additional information is available upon request. No part of this report may be reproduced without the express written permission of SISM Research.



Octagon 88 Resources Inc.
(+41) 79 237 6218http://www.octagon-88.com
info@octagon-88.com
or
SISM Research
Ernst Schlotter, (+41)44-881-2020
Research Head
research@sism.com
http://www.sism.com
or
Investor Relations
Helvetic Prime
Alexander Baldi, (+41)79-256-9534
info@helveticprime.com
http://www.helveticprime.com

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

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