Osyka Announces Closing on Acquisition of Una West Oil Field
12 1월 2011 - 2:17AM
Business Wire
Osyka Corporation (Pink Sheets: OSKA), a Houston-based energy
company specializing in the exploration, production, development,
and acquisition of oil and gas properties, today announced that it
has closed on the acquisition of Una West Field in Victoria County,
Texas. The acquisition was completed on December 31, 2010 through
Osyka’s wholly owned subsidiary, Osyka Permian, LLC.
“The field appears to have upside gas potential in a shut-in
well,” said Osyka founder and CEO Michael Harness. “Osyka’s highly
experienced team will work expeditiously towards evaluation of
behind pipe potential in the shut-in wells.”
The company is in negotiations with a natural gas pipeline
company to tie in the gas well to its nearby sales line. Other
shut-in wells in the field are being evaluated for potential
workovers to restore oil production. The field is currently making
20 BOPD and no gas sales. Management believes that existing
production could double from this field within 45 days. Recent work
on wells in Osyka’s other operated fields plus this new acquisition
may enable the Company to double its current net cash flow within
the first quarter of 2011. Osyka’s management team has identified
several new opportunities in the area that could re-establish the
Victoria/Jackson County area as a core operating unit for the
Company.
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 30
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)
과거 데이터 주식 차트
부터 8월(8) 2024 으로 9월(9) 2024
Osyka (PK) (USOTC:OSKA)
과거 데이터 주식 차트
부터 9월(9) 2023 으로 9월(9) 2024
