Skip to main content

Ziyen Energy announces acquisition of Overriding Royalty Interest in the Bayou Star Energy’s project located in Jefferson Parish in Louisiana for ZiyenCoins

Written by Customer Service on . Posted in Mergers And Acquisitions.

SAN DIEGO, Feb. 27, 2020 (GLOBE NEWSWIRE) — Ziyen Energy has announced they have acquired a fifth acquisition in exchange for ZiyenCoin.  This time acquiring an overriding royalty interest in the Bayou Star Energy’s, Lillie Young Well No. 1, located in Jefferson Davis Parish, Louisiana.
Bayou Star Energy, LLC is an operator in the state of Louisiana specializing in conventional South Louisiana oil and gas properties. Their team of engineers have over 100+ years of experience in both conventional and unconventional oil and gas land, marsh, and offshore operations.Geologist Michael Crabtree, Bayou Star Energy, LLC stated, “Lillie Young Well No. 1 was logged on October 31, 2019 and tested at 288 BOPD (barrels of oil per day). We estimated reserves for the project to be 250,000 barrels of oil. The production facilities are being installed and production will begin in the next two months.” David Greenberg, Chairman of Ziyen Energy, commented, “The overriding royalty interest we have acquired will provide the company with our first US dollar distributions from the ownership of oil production purchased in ZiyenCoins. This acquisition shows the industry’s confidence in Ziyen Energy’s efforts to tokenize oil and gas assets.”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 Energy.: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 CaithnessMedia Relationsmediarelations@ziyen.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.