SAN DIEGO, Aug. 08, 2017 (GLOBE NEWSWIRE) — Ziyen Inc., a Scottish-American company, files a 253G2 to update the SEC about the new software energy division, Ziyen Energy, and provide details of the company’s first oil contract award.
Ziyen Energy, headed by Shane Fraser, has its sights set on securing and developing marginal oil fields in the US with a goal for the United States to be 100% self sufficient from oil drilled and refined in America in the next 5 years.
The basis of Ziyen Energy is a combination of our innovative software, extensive and thorough data and market analysis combined with our experienced oil and gas professionals to provide clean and cost effective methods to extract oil from existing fields using enhanced oil recovery techniques as well as developing new wells using cutting edge technology.
The Offering Supplement also includes full details of Ziyen Energy’s first contract award, including the Assignment of the Oil and Gas Lease to Ziyen Inc., Oil and Gas Reserve Evaluation Report and the appointment of new directors to the board.
Alastair Caithness, CEO at Ziyen, said,
“It has been a whirlwind since we have secured our first oil contract at Ziyen Energy, and our 253G2 filing is an another important step along our journey to going public. We are in the final stages of having fully audited financials by SEC approved auditors and are moving ever closer to our IPO date and hitting the markets.”
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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.