Ryland Oil Corporation

Ryland Oil Corporation

June 10, 2010 08:00 ET

Ryland Closes Royalty Purchase

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 10, 2010) - Ryland Oil Corporation (TSX VENTURE:RYD) ("Ryland") announces that it has closed the purchase of a 1% gross overriding royalty on production from all petroleum and natural gas leasehold acreage held by Ryland's wholly owned subsidiary, Pebble Petroleum Inc. ("Pebble"), in southeastern Saskatchewan. In consideration for the royalty acquisition, Ryland has paid to the owner US$ one million in cash. The acquisition was the third purchase by Ryland of royalties on production from Pebble's Saskatchewan acreage, with Ryland now holding an aggregated 9% GORR on production from the acreage. The sellers have retained GORRS totaling 3%.

Gerald J. Shields, President

Issued and Outstanding: 207,668,418

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Ryland Oil Corporation
    Mr. Jim Welykochy
    Vice-President Corporate Development
    (403) 861-1242