ITEM 7.01. Regulation FD Disclosure.

During a telephonic conference held on Thursday, August 21, 2008 wherein shareholders and other interested parties were invited to listen to a presentation by our CEO, Mr. Timothy Crawford, of Capital City Energy Group, Inc. (the "Company"), inadvertently disclosed the Company's projected revenue for the next two years.

It was indicated by our CEO that in the past year 90% of the Company's revenue was derived from fund management, but for the year ending December 31, 2008 about 90% will have been derived from the Company's principal investments, having acquired seven (7) of the funds in the fourth quarter of 2007. This reduced the fund management income in 2008.

The well services subsidiary is currently becoming operational. However, the Company anticipates that for the year ending December 31, 2008, the revenues from fund management will range from $3.0 to $4.0 million, annually and the revenue from principal investments, which currently are approximately $3.0 million annually, will increase because of investments in the Barnett Shale. The well services could produce another $3.0 to $4.0 million, annually and the Company expects to be recognizing annualized gross revenues of approximately $8.0 to $10.0 million by the end of 2008.

With respect to 2009, Mr. Crawford indicated that the Company could double its annualized revenue recognitions, with margins which are significantly higher than what has previously been recognized by the Company in the first six (6) months of 2008.

The information contained herein is furnished pursuant to Item 7.01 of the Current Report on Form 8-K and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section, unless it is specifically incorporated by reference in a document filed under the Securities Act of 1933 or the Securities Exchange Act of 1934.