Tyche Energy Corporation Reports Significant Gas Find on Sidwell Lease Properties in Oklahoma Monday June 11, 9:00 am ET
DALLAS, June 11 /PRNewswire-FirstCall/ -- Tyche Energy Corporation (OTC Bulletin Board: TYEG - News; GR: T2Y) -- announced that the Company has commenced preparations to bring on line 8 oil wells located on the Sidwell lease properties in Oklahoma. "As we prepared to bring the oil wells online we discovered a significant marketable amount of natural gas the Company can produce economically", stated Tyche Energy President, Leo Lodder. Tyche expects to be on line with the newly discovered gas production with a pipeline that is located near the Sidwell properties by the end of this month. The Company will report actual flow rates from the Oklahoma located wells as they come on stream. ADVERTISEMENT
Tyche Energy Inc. operates exploration projects through joint ventures in the Appalachian Basin and owns interests in a number of petroleum and natural gas leases in Lambton, and Kent, Counties, Ontario. In addition to its main operating focus, the Company is actively exploring projects in the Appalachian and Michigan Basins.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward- looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.
-------------------------------------------------------------------------------- Source: Tyche Energy Inc. TYEG -- Tyche Energy, Inc. Com
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