Osyka Corporation (“Osyka”), a Houston-based energy company specializing in exploration, production, development, and acquisition of oil and gas properties, today announced the successful completion of its recently drilled well located in the West Laurel area of Jones County, Mississippi. The well, which was completed June 14, 2010, has an average initial flowing rate of 82 barrels of oil per day and 500 MCFD of natural gas after a hydraulic frac.

“I am very pleased to report the success of the Wilson 35-15 discovery well in Jones County, Mississippi,” said founder and CEO Michael Harness. “Our team’s more than 100 years of combined industry experience in oil exploration and production has paid off and bodes well for Osyka’s future efforts.”

Osyka Corporation, through its wholly owned subsidiary Osyka Permian, LLC participated in the completion of the Wilson 35-15 No. 1 discovery well. The exploration well was drilled to a total depth of 11,943 feet on November 24, 2009 and found several pay sands. Multiple tests were conducted on the well during February and March 2010. Osyka has a working interest of 23.3% and Venture Oil and Gas, Inc. the operator and other partners own the remainder. The Joint Venture is currently evaluating the location for an offset appraisal well.

The company’s management team has a strong track record of finding underdeveloped oil and gas exploitation opportunities principally in the onshore Louisiana, Mississippi and Texas Gulf Coast. Currently, the company has an interest in approximately 18 wells in Texas and Mississippi, with an average working interest of 70%.

ABOUT OSYKA CORPORATION

Osyka Corporation is an oil and gas company headquartered in Houston, Texas, and is a Nevada corporation. The company is an independent exploration and production company with a focus on acquiring producing oil and gas properties located onshore in the Gulf Coast with upside economic potential.

For company information, visit www.osyka.com.

FORWARD LOOKING STATEMENTS

This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words “may,” “would,” “could,” “will,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect Osyka’s current views with respect to future events and are subject to risks and uncertainties. Many factors could cause actual results to differ materially from the statements made including those factors detailed from time to time in filings made by Osyka with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated or expected. Osyka does not intend and does not assume any obligation to update these forward-looking statements.

Osyka (PK) (USOTC:OSKA)
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