Wysak Petroleum Announces Oil and Gas Leases in Wyoming

Feb 17, 2004

Wysak Petroleum Announces Oil and Gas Leases in Wyoming


Seattle, WA- Wysak Petroleum Inc. (WYSK) reports that two federal government oil and gas leases were secured in the state of Wyoming by the company.

Wysak Petroleum has attained a government lease on a 776 acre land parcel in the Bighorn Basin area of Wyoming. The Bighorn Basin is a very active area in natural gas exploration and development. Exploration and refinery operators include major participants such as Devon Energy 15 mmcf (millions of cubic feet per/day), Hiland Partners 50 mmcf and Howell Petroleum 10 mmcf.

The second property was leased in the Green River Basin region. This lease encompasses a 600 acre land parcel. This region is one of the most active natural gas areas in the state of Wyoming. Exploration and refinery operators include major players such as ExxonMobile 670 mmcf, Western Gas 195 mmcf, and Duke Energy 30 mmcf.

Wysak Petroleum has positioned itself strategically within two of the most active natural gas development areas in the USA. The Company plans on using its expertise and knowledge to maximize its leases in this area.

Wysak President Daniel Moar noted, "We are excited to be participating in such an active oil and gas region, and anticipate positive developments over our Wyoming leases.'

About Oil and Gas in Wyoming
Wyoming ranks seventh in the United States in the production of oil and second in the production of natural gas, sulfur, and helium. Collectively over 26,000 wells produced 54.7 million barrels of oil and 1.75 trillion cubic feet of natural gas in 2002. At the beginning of 2002, Wyoming ranked second in the United States in proved reserves of natural gas and seventh in proved reserves of crude oil. Proved reserves of natural gas were at an all time high of 18.4 trillion cubic feet, while proved reserves of crude oil were 489 million barrels.

About Wysak Petroleum
Wysak is a diversified energy company whose goal is to identify and develop traditional fossil fuel sites, as well as clean air alternative energy producing properties. Wysak trades in the U.S. under the symbol "WYSK'.

This material includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The opinions, forecasts, projections or other statements, other than statements of historical fact, are forward-looking statements. Although the companies believe that the expectations reflected in such forward-looking statements are reasonable, they can give no assurance that such expectations will prove to have been correct. Certain risks and uncertainties inherent in their businesses are set forth in the filings with the Securities Commissions.

Contact:
Wysak Petroleum Inc.
206-652-3310
info@wysak.com
www.wysak.com