WYOIL Corp Information

WyOIL Corp. is a Nevada corporation located in Buffalo, Wyoming. It was organized for the specific purpose of acquiring and developing petroleum and natural gas properties in the Powder River Basin and other locations around the States of Wyoming and Montana. The Corporation is organized as a public company, and is not reporting or trading until it has assembled its strategic asset base. Its investment strategy is to acquire undervalued assets in which it can find value because of the skill and experience of the corporation or its personnel. Investments are made primarily from equity or equity based instruments, with term-financed debt and other periodic obligations being kept to a practical minimum. This strategy keeps the corporation insulated from the consequences of downturns in energy commodity prices. The market for petroleum products from WyOIL is dependant upon the continuation of the US economy as a hydrocarbon-dependant society. It will only have to be a modestly successful player to provide good returns and value for its shareholders. Success does not depend upon upsetting the market or displacing competitors. The chosen geographic location is rich with unrecovered petroleum resources and has a fully developed infrastructure to purchase and transport product and to support operations by the corporation. It acquires mature oil fields that still contain considerable reserves and will increase production by performing remedial maintenance and upgrading production facilities. It will then apply Enhanced Oil Recovery (EOR) technologies to produce those reserves at a much higher rate. EOR development will begin when carbon dioxide gas can be purchased (estimated 2002) from a pipeline into the Powder River Basin recently announced by major oil companies. The Corporation is now acquiring coal bed methane properties to develop over the next few years. It will use the revenue from initial phase of development of shallow gas fields to provide earnings that can finance CBM and EOR projects. It has 7,600 acres ...