SOURCE: Xynergy Corporation

November 05, 2007 08:30 ET

Xynergy Announces 50% Joint Venture in Montana Oil Drilling Operation

Invests in Model Producing 220 BOPD, Up to 4 Wells at 2.1 Million Per Well

CARSON CITY, NV--(Marketwire - November 5, 2007) - Xynergy Corporation (PINKSHEETS: XYNG) announced today a contract to purchase working interest in up to 4 exploratory wells in Montana. Xynergy Corp. signed an agreement to acquire 50% of the working interest owned by Energy Partners LLC which bought its minority interest in the land and participated in the drilling and completion of the first well which was successful and is flowing over 220 BOPD. The balance of the 4 wells will determine the total scope of the find, and provide an opportunity to develop additional wells. The property is located in Carter and Fallon Counties of Montana and the success of the first well bodes well for the opportunity. Each well is anticipated to cost between 2.1 to 2.5 million dollars and will take from 2 to six months to complete depending on weather, success of the prior well and other factors. Payout on the wells, based upon the model of the first, are projected at 24-365 months with a probable life of up to 20 years.

"This announcement is the culmination of months of exploration and due diligence," says Xynergy Corporation CEO Christopher Balseiro. "As our first foray as a new public company, we couldn't be more bullish about the future of our company. We are very excited about our future and the success of this prospect."

ABOUT XYNERGY CORPORATION

Xynergy Corporation is a Nevada Corporation engaged in oil and gas exploration and production, investment and development of new domestic energy saving technology and the development of alternative energy solutions. The company was formed with the mission of investing in working and producing wells in hot bed regions of the U.S. as well as natural gas drilling operations that produce rapid, low risk but solid revenue growth. In addition to investing in low risk, profitable existing working operations, the company invests in high probability, innovative technologies that have the potential to produce explosive growth both in top line revenues, but also to impact its market capitalization and stock price. The company will always balance the need to produce profitable and sustained growth, against investing in unique, cutting edge technologies that have the potential to change the way in which the world relies and utilizes its resources to produce energy. The company is currently working in both arenas to establish both short-term profitability and long-term potential for explosive growth. Finally, the mission of Xynergy Corporation is to be a responsible global corporation that seeks to market and develop green and environmentally friendly product solutions to ensure the long term health and well being of our planet.

For additional information on Xynergy Corporation contact info@xynergyusa.com

Safe Harbor Disclosure:

This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.

Contact Information

  • Contact:
    Xynergy Corporation
    Mark Balbirer
    1-866-384-0889