SAN DIEGO, Jan. 31, 2020 (GLOBE NEWSWIRE) -- Ziyen Energy has announced they have acquired a fourth acquisition in exchange for ZiyenCoin. This time acquiring a 2% Non-Operated Royalty Interest of a Pipeline and Shale Gas Development Project to be operated by Titan Pipeline in the New Albany Region of Western Kentucky.
The Initial 10-well program will be developed on 2 leased properties, first lease 1450 acres and the second lease 550 acres.
On successful completion of phase one of the project, Titan Pipeline has secured access to the acquisition of a further 10,000 acres on adjacent acreage for expansion to a 50-well project.
Monty McCurry, CEO of Titan Pipeline, stated, “The geology from the lease is looking good. One well on our 1,450 acre property was cored and sent to the lab, showing evidence of shale gas and oil having been identified.”
Charles Neeley, President of Titan Pipeline, added, “Natural Gas consumption in Kentucky has increased by over 100% in the last 3 years, especially with more coal-fired generating units closing down. Our experience and our network of operating in Kentucky for over 30 years, allows us to keep our overheads low by having dedicated contractors, site specific plans, low lease and acquisition costs.”
CLICK HERE TO LEARN MORE ABOUT TITAN PIPELINE PROJECT
David Greenberg, Chairman of Ziyen Energy, commented, “This is another milestone for the company and it is our biggest project to date. This project will increase the value of ZiyenCoin, and we are now moving into a model of acquiring more non-op interests in multiple projects.”
If you would like to learn more about Ziyen Energy and ZiyenCoin, then please email support@ziyen.com or visit www.ziyen.com for more information.
About Ziyen Inc.:
Ziyen Energy. is a technology-driven energy company incorporated in the State of Wyoming, U.S.A. in April 2016. Originally formed as a software company providing information on the oil, gas, power and energy sectors, Ziyen specializes on business information, contracts, news and information by developing cutting edge procurement and supply chain software to provide clients with intelligence on industry specific government and private contracts. In addition, Ziyen Energy currently owns interests in oil assets based in Texas and the Illinois Basin, which covers Illinois, Indiana and Kentucky. The equity of Ziyen Energy has been tokenized and issued as ZiyenCoin which is offered for sale as a Security Token pursuant to SEC Rule 506(c) of Regulation D.
For more information visit 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.
Contact:
Alastair Caithness
Media Relations
mediarelations@ziyen.com