Cheyenne Resources Corp. (CYRS.OB) Announces JV Agreement with Oxalis Energy
Cheyenne Resources Corp. announced this morning that the company has entered into a joint venture agreement with Oxalis Energy Group, Inc., which is headquartered in Katy, Texas. "This agreement gives us the opportunity to acquire the right to develop four potential oil and gas transactions," commented Cheyenne Resources President Thomas J. Cunningham. "They include development of 200 natural gas wells -- in 10 well increments -- in Crockett County. Proven reserves at these sites are 100 billion cubic feet of natural gas." "In Jim Wells County," Cunningham continued, "we will be focused on development of a secondary oil and natural…