Osyka Corporation is an oil and gas company headquartered in Houston, Texas which is traded on the OTC Pink. Founded in 1990, we have operations and interests in excess of 30 wells in eight oil and gas fields in Mississippi and Texas. Our goal is to aggressively grow reserves through:
- Targeting acquisitions with cost effective upside.
- Drilling a portfolio of balanced risk/reward wells.
- Utilizing appropriate technology before and after the drill bit.
- Controlling the cost of operations.
- Encouraging the creative talents of our people.
Over the last three years we have achieved phenomenal growth in both reserves and valuation. In 2006 we have in-house projects that offer opportunities that could double our current reserve valuation.
Our current reserves are a combination of oil and gas. However, 2011 development, near field exploratory projects, and new opportunities could significantly increase our gas to oil ratio.
Osyka Corporation finds and develops petroleum resources vital for today's world economy. We conduct our business responsibly, honestly, and in a manner that reflects the pride and integrity of our employees and business faith of our shareholders and investors.
Our goal is to achieve superior growth and long term sustainable financial returns for our shareholders and investors. To achieve this we try to provide an environment where the creative talents of our greatest resource, our people, can produce their greatest results.
The Gulf Coast of North America has been, and remains, one of the most prolific hydrocarbon producing regions of the world. It has been the birth place and foundation for many of today's successful oil companies. The Gulf Coast consistently yields high returns on the capital invested and intelligently employed. Osyka's foundation is firmly established on the Gulf Coast. We currently have operations in two Gulf states: Mississippi and Texas. With interests in over 30 wells in 8 fields, Osyka has achieved a reserve base over the past couple of years with significant upside potential.
During 2009 the company participated in drilling one well which was a successful field discovery. Osyka plans to drill or participate in four wells during 2010.
Our current focus offers a variety of play types ranging from the salt ridges and basin margin faulting in Mississippi to the growth fault associated traps of Louisiana and Texas. Osyka's philosophy is not to pursue a single trend or play type. Each project is evaluated on its individual economic strength and it fits to our overall portfolio.
Mississippi holds a large portion of Osyka's Proved Reserves. It is a primary focus of our operations and targets the robust Cretaceous and Upper Jurassic producing intervals. Our Texas reserves are in the Tertiary.
Osyka has developed a number of projects that it plans to execute in 2011. These projects have the potential to considerably increase our reserve volumes and more than double Osyka's current valuation. The projects could also produce a more balanced ratio of gas to oil.
Strategic relationships are important to a growing company. Osyka is pursuing, and is open to, relationships that offer an opportunity to expand our interests throughout our core areas.
15995 N. Barkers Landing
Houston, Texas 77079
State Of Incorporation
Jurisdiction Of Incorporation
Year Of Incorporation
Michael F. Harness CEO
OSKA Security Details
|Market Value1 ||$785,378 ||a/o Apr 30, 2013 |
|Shares Outstanding ||314,151,187 ||a/o Sep 30, 2010 |
|Float ||39,586,455 ||a/o Sep 30, 2010 |
|Authorized Shares ||599,000,000 ||a/o Sep 30, 2010 |