Tyche Energy Corp. Develops Plan to Fully Extract Oil From Its Oklahoma Oil Field


DALLAS, Dec. 4, 2006 (PRIME NEWSWIRE) -- Tyche Energy Inc. (Other OTC:TYEG) announced it has hired a planning and development group to augment their oil extraction process at its recently acquired Oklahoma Oil Field called "Sidewell". The local group will add their expertise to implement a new plan to exploit the wells to maximum flow rates. Tyche Energy Inc. will commence re-working of these wells in mid-January. As a result of these efforts it is anticipated that within three months these wells will be in full production. The company will announce flow rates as the re-worked wells come on line.

Website: www.tycheenergy.com

About Tyche Energy Inc.

Tyche Energy Inc. operates exploration projects through joint ventures in the Appalachian Basin and owns interests in a number of petroleum and natural gas leases in Elgin, Middlesex, Lambton, Kent, and Essex Counties, Ontario. In addition to its main operating focus, the Company is actively exploring projects in the Appalachian and Michigan Basins.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.



            

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