SOURCE: Skye Petroleum, Inc.
SUGAR LAND, TX--(Marketwire - Aug 20, 2012) - Skye Petroleum, Inc. (PINKSHEETS: SKPO) ("Skye" or the "Company") has received its largest chemical order since the company began offering its technology directly to the energy sector. Vector Energy Solutions Company has purchased 20 drums of Skyechem's Wax Dispersant Ready to Use chemical technology and 2 drums of WD-Concentrate for testing and distribution through their worldwide network.
Vector Energy Solutions Company, (VESCO) was formed for the purpose of distributing Skye's chemical technology through an established distribution network. VESCO is comprised of several highly qualified and experienced energy professionals.
Billy Joe Edwards, owner of Endurall, Inc. and inventor of the Endurance Brand Rod Guide, of Shreveport, LA., said, "I found an article in Penn Energy about Skye's technology and thought that if this actually works, I will be able to sell rod guides in areas that I previously could not due to the abundance of paraffin. We purchased and tested some of Skye's product and the results were beyond our expectations. Seeing the need for a paraffin dispersant of this caliber, we brought together a group of professionals to establish VESCO and will begin to distribute Skye's products through our established network."
In preparation for testing, VESCO is gathering well data and getting Skye's product on location in the Illinois Basin, the Panhandle of Texas, Oklahoma, Caddo Pine Island in North Louisiana, East Texas, South Arkansas, and Queensland, Australia. VESCO will begin testing in these areas in the upcoming weeks and plans to expand efforts into other parts of the country and world in the following months.
Also, Skye Petroleum, Inc. has received six permits for drilling in Warren County in western Pennsylvania. The company has begun purchasing equipment to develop the infrastructure for these six wells.
Additionally, Business Day Television, hosted by NFL Hall of Fame quarterback Terry Bradshaw, will be airing four installments featuring Skye's paraffin inhibitor technology in Jackson, Mississippi on its ABC affiliate WAPT-TV every Sunday from August 26, 2012 to September 9, 2012 at 10:30 AM. The program will air at noon on Sunday, September 16, 2012.
Skye Petroleum, Inc. owns a Wax Dispersant chemical technology that has a track record of cleaning out oil wells while stimulating an increase in production. A new video can be seen on Skye's web site demonstrating an oil well completely plugged with paraffin being cleaned out.
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. quotation venue, under the trading symbol SKPO.