SEATTLE, Nov. 29, 2004 (PRIMEZONE) -- Wysak Petroleum (Pink Sheets:WYSK) announces an agreement to develop a 46 Mw Wind Farm project near Radzejow, Poland. Leading Wind Energy Company co-developer Projekt GmbH, Germany, anticipates approximately 125 Gwh/year in electricity from the Radzejow Project. It is estimated that this is enough electricity to power over 15,000 homes per year.
Wysak President Daniel Moar said: "All necessary licenses and permits have been agreed to, and final preparations for the construction permit are in place. The historical success of Projekt GmbH as a leading wind energy developer as well as the significant wind conditions of this area, meet all our corporate investment standards. With these factors in place, we anticipate this to be rewarding not only for our investors, but also for the community of Radzejow. As a result of this significantly larger and more promising project, we will not be pursuing the previously announced 22 Mw development project originally under consideration."
About Projekt GmbH
Projekt GmbH is a leading European Wind Energy Company which currently oversees the operation of 14 established wind farms and are developing an additional 17 wind projects in Germany, Denmark, Poland, and Turkey.
About Wysak Petroleum
Wysak is a diversified energy company whose goal is to identify and develop traditional fossil fuel sites, as well as clean air alternative energy producing technologies. Wysak trades in the U.S. on the OTC market, under the symbol "WYSK". www.wysak.com
This material includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The opinions, forecasts, projections or other statements, other than statements of historical fact, are forward-looking statements. Although the companies believe that the expectations reflected in such forward-looking statements are reasonable, they can give no assurance that such expectations will prove to have been correct. Certain risks and uncertainties inherent in their businesses are set forth in the filings with the Securities Commissions.