Tody's News > Wysak Petroleum Updates Powder River Basin Progress
Thursday August 18, 5:00 pm ET
SEATTLE, WA--(MARKET WIRE)--Aug 18, 2005 -- Wysak Petroleum (Other OTC:WYSK.PK - News) continues to focus on its oil & gas property acquisitions in the Powder River Basin of Wyoming. The Company will continue its property evaluation for future potential expansion in the region.
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The Powder River basin boasts a high-success rate of profitable discoveries; this has given Wysak great confidence as it moves forward in its evaluation of additional properties. Wysak's business strategy is focused on the exploration, acquisition, and expansion of low-risk projects with significant resource potential in the Powder River Basin.
In addition to the 4 Powder River Basin property leases, Wysak has one in the Bighorn Basin region and another in the Green River Basin. Numerous large petroleum and exploration firms operate nearby all these properties; they include Williams Gas, ExxonMobile and Duke Energy among others.
Powder River Basin
This Basin has an estimated at 31.8 trillion cubic feet of natural gas. Nearly 100 wells are being drilled each week, and estimates for a fully developed basin are at nearly 100,000 wells. This is the largest onshore natural gas play in North America within the last ten years.
About Wysak Petroleum
Wysak is a diversified energy company whose goal is to identify and develop traditional fossil fuel sites, as well as clean air alternative energy producing technologies. Wysak trades in the U.S. under the symbol "WYSK."
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