Aggregate Corporate Leases Now Stand at 13
CEO Alastair Caithness Attending the Opening Day, Monday April 30, 2018, of the Offshore Technology Conference in Houston 2018
SAN DIEGO, April 30, 2018 (GLOBE NEWSWIRE) -- Ziyen Inc.’s Energy Division is extremely proud to announce it has acquired 2 additional highly-strategic oil leases. Importantly, this brings the corporate total to 13 in aggregate.
Mr. Shane Fraser, Oil Intelligence Director, Ziyen, Inc., stated, “We are extremely proud to announce, that after a lot of hard and diligent work, we have acquired two more strategic oil leases. These leases have amazing potential, and they are both adjacent to the 'Big Bill’ lease. One is a 74 acre tract and the other is an 11 acre tract. While both have enormous potential in and of themselves, it is very important to note that both of these leases are strategically placed relative to the rest of our assets. As we prepare for production, Ziyen’s strategic footprint is growing in the absolute right way.”
The Offshore Technology Conference (OTC) is where energy industry professionals meet to exchange ideas and opinions to advance scientific and technical knowledge for offshore resources and environmental matters. Celebrating 50 years since 1969, OTC’s flagship conference is held annually at NRG Park (formerly Reliant Park) in Houston. OTC has expanded technically and globally with the Arctic Technology Conference, OTC Brasil and OTC Asia.
Alastair Caithness, CEO, who will be participating this week in the Offshore Technology Conference, stated, “I could not be more pleased with our execution. Our strategy is unfolding perfectly and on plan. In addition, today’s Houston conference is the biggest oil show in the world. This conference represents the best platform to announce these two latest oil acquisitions. This show is now in its 50th year, but importantly this is the first year for Ziyen Energy, and we are excited for an extremely productive week! As a Scottish-American Company focused on domestic US oil and renewable energy production, this meeting is exactly the right venue for Ziyen.”
About Ziyen Inc.
Founded in 2016, Ziyen Inc. is a Scottish-American company focused on delivering 100% Energy Independence to the USA. Initially launched as a software company providing information about oil and gas related procurement contracts, Ziyen Inc. diversified in 2017, instating the Ziyen Energy Division with the intent to produce oil in the U.S. with advanced extraction methods and technology implemented and guided by career experts in the oil and gas industry. In 2017 Ziyen acquired the mineral rights to its first oil field in Indiana, and now has thirteen oil assets. The U.S. Securities and Exchange Commission (SEC) recently qualified Ziyen Inc. in November 2017 for its second round of funding, with a pre-IPO share price of $1.50. More information may be found in its Offering Circular filed with the SEC, or on its website www.ziyen.com.
Forward Looking Statements:
Certain statements in this press release including, but not limited to, statements related to anticipated commencement of commercial production, targeted pricing, performance goals, and statements that otherwise relate to future periods are forward-looking statements. These statements involve risks and uncertainties, which are described in more detail in the Company's periodic reports filed with the SEC- specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements are made and based on information available to the company on the date of this press release. Ziyen Inc. assumes no obligation to update the information in this press release.