SAN DIEGO, March 28, 2018 (GLOBE NEWSWIRE) -- Ziyen Inc.’s Energy Division is proud to announce it has acquired the mineral rights to two more oil fields in Gibson County, Indiana. The total now stands at 7 oil (assets) fields held by the company. These acquisitions represent 77.4 acres and 25.2 acres and are in close proximity previously acquired leases.
Ziyen Inc. Oil Intelligence Director, Shane Fraser said, "By centralizing our operations in the one area, this will allow us to enhance our cost efficiencies. The geology we have for both of these oil leases is outstanding. Importantly, we know from our original Petroleum Reserve Report, we have proven high reserves in the area.”
Alastair Caithness, CEO, stated, “This is yet another important milestone for Ziyen. We continue to strategically add vital leases to our portfolio. These most recent acquisitions are adjacent to our first lease which we secured in June of last year.”
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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Berg Capital Markets