Ziyen Energy, a division of Ziyen Inc, has just secured over $36 million dollars of oil reserves in Indiana, United States. The deal includes 7 existing oil producing wells worth over $6 million dollars of proven reserves along with a support water Injection well and a water producing well for injection purposes with a further potential for 20 new oil producers on undeveloped reserves on the site worth over $30 million.
Shane Fraser, Director of Oil Intelligence at Ziyen Inc. added,
“In the 1970s and 1980s, Scotland invited the US to come over and teach us about the oil industry, how to develop marginal fields in the North Sea. Over the past 30 years the technology we have developed in Scotland for deep water drilling is now the leading in the world, and we are bringing that technology back to the US in order to make expensive or redundant oil fields very profitable again.”
Alastair Caithness, CEO of Ziyen Inc. said,
“We are a Scottish-American Energy company who are focused on pushing energy prices down and not up.
For a long time the US has been dependent on cheap foreign oil however, with the increase in renewables and by utilising the latest technology developed in Scotland, we at Ziyen Energy believe the US will be 100% self-sufficient within the next 5 years.
When I brought Shane Fraser on board to run the new Energy Division of the company I was expecting great things, but didn’t expect a $36 million contract on the books in the first few months, and our goal is to grow the assets of our company to over $500 million in the next 18 months.”
For more information visit http://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 and 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.