Capital City Energy Group Inc. (CETG.OB) is a rapidly expanding energy company. The company’s 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. The company has named their strategy the “Triad” business model which consists of: fund management, principal investments, and strategic acquisitions of energy related companies.

Capital City Energy recently announced results from an independent reserve report conducted by a leading petroleum engineering company, James Engineering, Inc. The aim of the report was to value the company’s proven oil and gas reserves. The report concluded that the value of the company’s reserves increased by nearly 50% during the 2nd quarter of 2008. The evaluation was conducted on the company’s 178 producing properties located in 14 states.

Capital City Energy CEO Timothy W. Crawford said, ” are pleased that

Capital City Energy Group, Inc. (OTCBB: CETG) announced today that it has appointed David A. Tenwick to its Board of Directors. Mr. Tenwick is currently the Chairman of Adcare Health Systems, Inc. (AMEX: ADK - News), a long-term care, home care and management company, an attorney and was the co-founder of a publicly-traded energy company that invested in oil and gas properties.

Mr. Tenwick founded Adcare Health Systems in 1991. Prior to founding Adcare, he was an independent business consultant from 1982 to 1990, where he served as a director and an officer of several businesses, including Douglass Financial Corporation, a surety company, and AmeriCare Health & Retirement, Inc., a long-term care management company. From 1967 until 1982, Mr. Tenwick was a co-founder and director of Nucorp Energy, Inc., a publicly-traded energy company that invested in oil and gas properties and commercial and residential

Capital City Energy Group, Inc. (OTCBB: CETG) is an oil and natural gas company whose business has evolved from being an innovative leader in the design, management, and sponsorship of retail and intuitional direct participation energy programs, to become one of the few vertically integrated independent oil and natural gas companies. The company focuses on growing their portfolio of core areas which provide growth opportunities through grass-roots drilling, operating, service companies, acquisitions, and fund management.

The upper management team is headed by Mr. Timothy W. Crawford, Chairman and CEO of Capital City Energy. He designed and introduced Capital City Energy’s first energy fund that was offered to individual investors. His management experience is vast as he was the managing director for a group of professionals that consulted for businesses and high net worth individuals to review and explore alternatives