Capital City Energy Group, Inc. (OTCBB: CETG), a diversified oil and natural gas company with three separate divisions, announced financial results for the period ended September 30, 2008. The company reported that consolidated revenues increased to $2,005,957 during the first nine months of 2008, compared to revenue of $28,817 during the first nine months of 2007. Total net oil and gas production realized from principal investments was 10,439 barrels of oil and 63,136 thousand cubic feet of natural gas for the first nine months of 2008. Production for the same period of 2007 was 83 barrels of oil and 2,449 thousand cubic feet of natural gas. The stock declined by $0.10 for the week, to close at $2.10.
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