The Illinois Basin covers 59,000 square miles in Illinois, Indiana and Kentucky.
Since the initial discovery of oil in the basin in 1886, approximately 4 billion barrels of oil and 4 trillion cubic feet of natural gas have been produced in the basin
1st Oil Asset June 2017
Reserve Report indicates 62,265 bbl of proven oil reserves and 715,000 bbl of probable oil reserves.
More than US$30 Million
Geological and petroleum report shows undeveloped oil reserves on Ziyen Energy first lease
13 Oil Assets
The amount of Oil Assets Ziyen Energy has in the Illinois Basin
Barrels of oil produced in the Illinois basin; Less than 50% of capacity
Price per barrel of oil; anticipated to increase due to growing global demand
Less than $20
Cost for Ziyen to produce a barrel of oil, given scale and technology; plenty of profit
Overview of Ziyen Energy’s operations in the Illinois Basin
BACKGROUND TO US DOMESTIC OIL INDUSTRY
In order for the US to be 100% Energy Independent, then all the energy consumed in America needs to be produced in America.
The United States is beyond capable of oil self sustainment yet big oil is exclusively profit focused.
- The US currently imports 10.1 million barrels of oil per day.
- $640 million that leaves the US Economy on a daily basis.
- $238 billion untaxed oil dollars go to Canada, Saudi Arabia and other OPEC countries rather that stay in the US.
The country is in need of a company to rapidly accelerate US oil production to drive economic stimulation and independence.
Alastair Caithness, CEO discuss the benefits for Big Oil operating in the Middle East compared to the US
David Rogers, VP discusses why US produced oil is profitable
NEW TECHNOLOGY WILL MAKE US OIL PRODUCTION COMPETITIVE
The common mistake made is that oil produced in America is not competitive compared to oil production in the Middle East.
However, what is profitable for an ExxonMobil is different to what is profitable for Ziyen Energy.
Ziyen Energy will utilize renewable technology to drive down the production cost.
Each production site acquired will leverage the proprietary “Ziyen Advantage” program
- An environmental solution to oil production
- Renewable energy will power well system and generate power back to the grid (new inverter technology)
- Substantially lower costs (22% energy savings)
OPPORTUNITY FOR ZIYEN
Ziyen has proven there is room and opportunity for a profitable US focused oil company.
- Executed 13 oil assets with value in excess of $100 million in oil reserves in the Illinois Basin alone
- Pipeline of 20 leases with value in excess of $250 million in oil reserves
- On target of $500 million in oil reserves in 18 month
- Launched a differentiated and proprietary technology and personnel program that substantially reduces the cost of domestic oil production
- Enables domestic competitivenes
- Rapidly accelerate production
Mingus Johnston, Brand Development, advert on US self-sufficiency
Shane Fraser, Oil Intelligence Director, collect oil sample from Ross Lease
THE ILLINOIS BASIN
The Illinois Basin covers 59,000 square miles and covers the States of Indiana, Illinois and Kentucky.
Ziyen Energy have currently acquired 13 oil assets in the Basin, and will actively and aggressively acquire further oil leases and enable rapid and cost effective production.
First Oil Asset – Ross Lease, Indiana
Mineral rights to an Indiana oil field were acquired in June 2017.
Geological reports compiled by Adena Resources LLC indicate 62,265 bbl (barrels) of proven oil reserves and 715,000 bbl of probable oil reserves. Undeveloped reserves on this site are over US$30 million.
18th Jan 2018 – WORLD OIL FEATURE – Ziyen Inc. expands in U.S. with second, third oil leases
Scottish-American energy company Ziyen Inc., has announced it has secured a further two major oil contracts in the Illinois basin.
The acquisition of the Potts oil lease represents the next step in the business’ strategy to acquire leases, return wells to production, and pursue other promising oil leases through its dedicated Ziyen Energy division.
The new lease is comprised of four oil-producing wells, one injection well and all associated equipment. After full geological and seismic surveys have been completed, Ziyen’s technical team will proceed with securing relevant permits for the land with plans to commence full oil production by summer 2018.
The third oil acquisition is the ‘Big Bill’ lease, which lies on over 140 acres of land in Gibson County, Indiana.
Fourth and Fifth Oil Assets – Acquired the Minerals as a long-term asset for Ziyen
Ziyen have acquired the mineral rights to an additional two oil fields in the Illinois basin. The most recent acquisitions total 260 acres, one which is 140 acres and another 120 acres, respectively.
This time Ziyen Inc. have acquired the mineral rights, including the oil, gas and coal, which provides an excellent long-term asset for the company.
Shane Fraser, outside the Perry County Government Building after securing our 4th and 5th oil assets
28th of March 2018 – Ziyen Inc. Announces 2 Additional Oil Lease Acquisitions in the Illinois Basin
Ziyen Inc.’s Energy Division is proud to announce it has acquired the mineral rights to two more oil fields in Gibson County, Indiana. The total now stands at 7 oil (assets) fields held by the company. These acquisitions represent 77.4 acres and 25.2 acres and are in close proximity previously acquired leases.
Ziyen Inc. Oil Intelligence Director, Shane Fraser said, “By centralizing our operations in the one area, this will allow us to enhance our cost efficiencies. The geology we have for both of these oil leases is outstanding. Importantly, we know from our original Petroleum Reserve Report, we have proven high reserves in the area.”
3rd of April 2018 – Ziyen Inc. Announces Additional Oil Lease Acquisition in Gibson County, Indiana
Total Leases Now Stand at 8
Represents Strategic Central Hub for Gibson County Operations
This most recent acquisition represents 183 acres. Ziyen Inc. Oil Intelligence Director, Shane Fraser said, “This is a particular good lease for Ziyen Energy, due to the proximity to the Ross Lease, and the overall acreage allows this to be the central hub for our Gibson County Operations. The outstanding geology of this lease is very promising.”
Alastair Caithness, CEO, stated, “We continue to build our strategic footprint in the Illinois Basin, and securing our 8th oil lease is another milestone for the company as we target rapid growth for the rest of 2018.”
9th of April 2018 – Ziyen Inc. is Proud to Declare 3 Additional Oil Lease Acquisitions
Ziyen Inc.’s Energy Division is very proud to announce it has acquired the mineral rights to three additional oil fields in Gibson County, Indiana. The overall corporate leases acquired now stand at eleven.
Alastair Caithness, CEO, said, “This is really a great day for Ziyen. These highly strategic and vital 281 collective acres enable Ziyen’s goals of both scale and progression in a very principal region. All within Gibson County, we have now acquired 56 new acres North West of the Ross Lease, 63 new acres North of the Ross Lease, and last but not least, 162 new acres Southwest of the Ross Lease.”
30th of April 2018 – Ziyen Energy Successfully Continues Strategic Execution with Two New Oil Asset Acquisitions
Ziyen Inc.’s Energy Division is extremely proud to announce it has acquired 2 additional highly-strategic oil leases. Importantly, this brings the corporate total to 13 in aggregate.
Mr. Shane Fraser, Oil Intelligence Director, Ziyen, Inc., stated, “We are extremely proud to announce, that after a lot of hard and diligent work, we have acquired two more strategic oil leases. These leases have amazing potential, and they are both adjacent to the ‘Big Bill’ lease. One is a 74 acre tract and the other is an 11 acre tract. While both have enormous potential in and of themselves, it is very important to note that both of these leases are strategically placed relative to the rest of our assets. As we prepare for production, Ziyen’s strategic footprint is growing in the absolute right way.”