TORONTO -- (MARKET WIRE) -- 04/04/08 -- Tyche Energy Inc. (FRANKFURT: T2Y) announces thatre-interpreted seismic data over its Sombra, Ontario properties hasidentified three (3) potential Ordovician Trenton-Black River drillingtargets.The company holds a 48.38% WI in 1,117 acres of petroleum and natural gasleases offsetting existing Trenton gas production. Tyche owns a 38.48% WIin the Sombra 7-6-VI well that has cumulative production of over 0.5 BCF ofsweet natural gas from a reservoir developed within the Trenton Black-Riverformation of Ordovician age.
Ordovician age reservoirs have been a major focus of oil and gasexploration activity in Ontario since 1983 when current management of Tychediscovered the Dover 7-5_V E Pool. The Dover 7-5-V E. Pool has hadcumulative production to date of over 1.2 MMBO and 3.5 BCF of gas.
Tyche is well positioned to take advantage of the recent rebound in NorthAmerican natural gas markets having land holdings in Southwestern Ontarioand in the Caribou-Sikanni area of North East B.C.
Website: www.tycheenergy.com
About Tyche Energy Inc.: Tyche Energy Inc. operates exploration projectsthrough joint ventures in the Appalachian Basin and owns interests in anumber of petroleum and natural gas leases in Lambton, and Kent, Counties,Ontario. In addition to its main operating focus, the Company is activelyexploring projects in the Appalachian and Michigan Basins.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaningof the Private Securities Litigation Reform Act of 1995. Statements in thisrelease that are forward-looking statements are based on currentexpectations and assumptions that are subject to known and unknown risks,uncertainties, or other factors which may cause actual results,performance, or achievements of the company to be materially different fromany future results, performance, or achievements expressed or implied bysuch forward-looking statements. Actual results could differ materiallybecause of factors such as the effect of general economic and marketconditions, entry into markets with vigorous competition, market acceptanceof new products and services, continued acceptance of existing products andservices, technological shifts, and delays in product development andrelated product release schedules, any of which may cause revenues andincome to fall short of anticipated levels. All information in this releaseis as of the date of this release. The company undertakes no duty to updateany forward-looking statement to conform the statement to actual results orchanges in the company's expectations.
Contact:
Tyche Energy Public Relations
Andre Hagoo
(647)-206-0336