CORRECTION: Skye Petroleum, Inc. Adds Distribution Partner in NW Pennsylvania
April 29 2013 - 3:07PM
OTC Markets
Skye
Petroleum, Inc. Adds Distribution Partner in NW
Pennsylvania
SUGAR LAND, Texas, April 29, 2013-Skye Petroleum,
Inc. (Pink Sheets: SKPO), ("Skye" or the "company") is pleased to
announce that Hoover Oil Field Supply in Clarendon, PA is offering
the company’s primary chemical technology, Skye Chem Wax
Dispersant-Ready to Use (WD-RTU), to its customers in the northwest
and central Pennsylvania region. Hoover is a well-known supplier in
the region and has been pleased with the responses they are
receiving from customers who purchased Skye’s
technology.
The Skye Chem WD-RTU technology is able to
function in multiple ways in the fight against constant paraffin
problems. Skye believes its proprietary technology will make life
easier for operators who continue to struggle with paraffin in the
well bore, perforations, tubing, pumps, rods, flow line and tank
bottoms. Charles Grisham of the Thompson Pump Shop in Vivian,
Louisiana reports, "In my 34 years of oilfield experience, I have
never seen an oilfield chemical that works as well as Skye’s
WD-RTU. It not only penetrates the paraffin, it keeps it in
solution from down hole all the way to the refinery. It cleans the
rods and tubing and will control tank bottoms, if regularly used in
the system. This will allow the producers to avoid stripping and
steaming jobs, saving time and money, and possibly avoid any EPA
situation."
Also, Skye continues to test oil wells in new
areas of the United States. In Illinois, Bob Johnson, an operator
in Crawford County, stimulated two (2) different wells in December
2012 with 10 gallons of WD-RTU, followed by 10 barrels of stock
crude oil. After allowing the wells to stand for 8 days, he began
pumping again. In the first well, daily production increased from 1
barrel a day to 3 barrels per day, while the second well had a
greater result, increasing from ¾ barrel per day to 4 barrels per
day. He was exceedingly pleased with the resulting financial gain
and has recommended it to other operators in the area. New supplies
of WD-RTU were shipped to Illinois last week.
Skye has seen the strongest increase in interest
in its technology on a wider scale than at any time in its history.
Due to the increase in demand for its chemical technology and
further study of its oil and gas leases in northwest Pennsylvania,
Skye has determined that drilling oil wells in this region would
not offer the best overall return by continuing to operate its oil
wells or drill new wells. Skye has sold three (3) of its leases for
cash, plus a 1% overriding royalty interest. Skye is currently
negotiating to sell the balance of its leases in order to focus its
entire effort on sales and distribution of its chemical
technologies.
Please visit the company web site,
www.skyepetroleum.com or contact Buck Eaton, COO, at
Office@skyepetroleum.com or 281-265-1199. Skye Petroleum, Inc. is a
publicly traded corporation, listed on the "OTC Pink Current
Information" tier on the OTC Markets Group, Inc. electronic
quotation venue, under the trading symbol SKPO.
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