SKYE PETROLEUM, INC
PRESS RELEASE
Stock Symbol: SKPO
SKYE PETROLEUM, INC. OPENS NORTHEASTERN REGIONAL OFFICE
April 4, 2011
Skye Petroleum, Inc. (the “company” or “Skye”) is pleased to announce the opening of a Northeastern regional office in Sugar Grove, Pennsylvania. With the continued developments in this region, management determined a permanent office was necessary to further the mission of Skye Petroleum. Management expects further developments not only with potentially more operators, but with new leases under the control of Skye Petroleum.
Skye is making application for an oil and gas permit in the State of Pennsylvania in order to acquire its own leases for its shareholders. Skye will not only treat and produce existing wells with its technology within these leases, but will also look for drilling opportunities.
Buck Eaton, Chief Operations Officer of Skye Petroleum, said, “Skye is aggressively expanding its operations in Pennsylvania with the hiring of needed staff for administration, geology and field work. We are excited to be a part of the Sugar Grove community.”
The company will be holding its annual shareholder meeting this week, on Tuesday April 5th in Jamestown, New York. The following day, Business Day Television, hosted by Terry Bradshaw, will be on location with Skye filming its segment that will air both nationally and regionally twenty times on various networks. The program will be highlighting Skye’s paraffin inhibitor and well stimulation technology. These airings should begin in the second half of 2011.
About Skye Petroleum: Skye Petroleum contracts with oil companies to treat existing oil wells, producing revenue by significantly increasing oil production of currently producing wells with its paraffin control technology. In addition, Skye Petroleum intends to acquire, operate and treat its own producing wells on behalf of its shareholders.
For more information, please visit our web site, www.skyepetroleum.com or contact Buck Eaton, COO, by phone, 713 254 0176 or by email at Office@SkyePetroleum.com