Ziyen Inc. Announces Additional Oil Lease Acquisition in Gibson County, Indiana
Total Leases Now Stand at 8
Represents Strategic Central Hub for Gibson County Operations
SAN DIEGO, April 03, 2018 (GLOBE NEWSWIRE) -- Ziyen Inc.’s Energy Division is proud to announce it has acquired the mineral rights to an additional oil field in Gibson County, Indiana. Total corporate lease acquisitions now stand at 8 oil fields. This most recent acquisition represents 183 acres.
Ziyen Inc. Oil Intelligence Director, Shane Fraser said, "This is a particular good lease for Ziyen Energy, due to the proximity to the Ross Lease, and the overall acreage allows this to be the central hub for our Gibson County Operations. The outstanding geology of this lease is very promising."
Alastair Caithness, CEO, stated, “We continue to build our strategic footprint in the Illinois Basin, and securing our 8th oil lease is another milestone for the company as we target rapid growth for the rest of 2018.”
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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.
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