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Posted by Original_Cashmaker on :
 
WYSK: Acquires Additional Lease [delayed]
08:35 a.m. 07/28/2005 Provided by Knobias


Ridgeland, MS, JUL 28, 2005 (EventX/Knobias.com via COMTEX) -- Wysak Petroleum (WYSK) announces the purchase of an additional Powder River Basin Federal Oil & Gas Lease. The Lease is located in Western Crook County, Wyoming, along the eastern side of the Powder River Basin. Shares finished yesterday's session higher by 13.9% after coming off a series of 52-week lows in May.

This property furthers Wysak Petroleum's long-term goals of asset accumulation in its core focus area, the Powder River Basin. Additional properties will be scrutinized by Wysak for future potential acquisition in this highly proven region and in other areas of the U.S. Midwest.
 
Posted by Original_Cashmaker on :
 
And it was up another 12% today on decent volume.
 
Posted by Original_Cashmaker on :
 
Wysak Petroleum Acquires Additional Lease
7/28/05

SEATTLE, WA, Jul 28, 2005 (MARKET WIRE via COMTEX) --
Wysak Petroleum (OTC: WYSK) announces the purchase of an additional Powder River Basin Federal Oil & Gas Lease. The Lease is located in Western Crook County, Wyoming, along the eastern side of the Powder River Basin.

This property furthers Wysak Petroleum's long-term goals of asset accumulation in its core focus area, the Powder River Basin. Additional properties will be scrutinized by Wysak for future potential acquisition in this highly proven region and in other areas of the U.S. Midwest.

Wysak Properties

This is the fourth Powder River Basin property acquisition for Wysak Petroleum Inc. Wysak's other Wyoming leases include one in the Bighorn Basin region and another in the Green River Basin. Numerous large petroleum and exploration firms operate nearby all these properties; they include Williams Gas (WMB) (http://www.williams.com/), ExxonMobile (XOM) (http://www.exxonmobil.com/corporate) and Duke Energy (DUK) (http://www.duke-energy.com) among others.

About Wyoming Oil & Gas and CoalBed Methane (CBM)

Wyoming State has billions of dollars in proven oil and gas reserves. In 2002, Wyoming ranked second in the U.S. in proved reserves of natural gas and seventh in proved reserves of crude oil. Collectively over 26,000 wells produced 54.7 million barrels of oil and 1.75 trillion cubic feet of natural gas. Proved reserves of natural gas were at an all time high of 18.4 trillion cubic feet, while proved reserves of crude oil were 489 million barrels.

Reserves of CBM in the Powder River Basin are estimated at 31.8 trillion cubic feet. Nearly 100 wells are being drilled each week, and the gas companies say the entire 8 million-acre basin could have 50,000 to 100,000 producing wells before they are finished. This is the largest onshore natural gas play in North America within the last ten years.

About Wysak Petroleum

Wysak is a diversified energy company whose goal is to identify and develop traditional fossil fuel sites, as well as clean air alternative energy producing technologies. Wysak trades in the U.S. under the symbol "WYSK."
 
Posted by farmgirl on :
 
This stock seems like it has gone about as low as it goes. Since this is an oil stock I think it has potential.
 


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