SAN DIEGO, April 09, 2018 (GLOBE NEWSWIRE) — Ziyen Inc.’s Energy Division is very proud to announce it has acquired the mineral rights to three additional oil fields in Gibson County, Indiana. The overall corporate leases acquired now stand at eleven.
Ziyen Inc. Oil Intelligence Director, Shane Fraser stated, “These three additional leases bring to fruition the first phase of our growth strategy in Gibson County. I am extremely excited to declare that we now have a textbook topographical cluster North, South, East and West. Each new lease is within close and practical proximity to our original asset – the Ross Lease. As you may recall, our Ross Lease has probable reserves estimated to be in excess of $30 million.”
Alastair Caithness, CEO, said, “This is really a great day for Ziyen. These highly strategic and vital 281 collective acres enable Ziyen’s goals of both scale and progression in a very principal region. All within Gibson County, we have now acquired 56 new acres North West of the Ross Lease, 63 new acres North of the Ross Lease, and last but not least, 162 new acres Southwest of the Ross Lease.”
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 on oil and gas related procurement contracts, Ziyen Inc. diversified in 2017, instating Ziyen Energy Division with 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 seven oil assets. The U.S. Securities and Exchange Commission (SEC) recently qualified Ziyen Inc. in November 2017 for our 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 their 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.
Berg Capital Markets
Dean Holter, Esq.
Berg Capital Markets