November 17, 2009 (FinancialWire) — Cheyenne Resources Corp. (OTCBB: CYRS), an emerging company focusing on major low risk exploration and production reclamation projects in the oil and gas sector, reported that it anticipates additional and substantial funding to be invested shortly in its joint venture agreement with Oxalis Energy Group, Inc..

The additional financing to be received will be invested in the recently announced Cheyenne-Oxalis project to drill as many as 200 natural gas wells, in 20 well increments. The drilling program in this significant project encompasses 21,000 acres of high quality natural gas at depths of 4,400 to 5,200 feet.

The Cheyenne-Oxalis joint venture agreement also envisions two other potential oil and gas transactions, both in Texas.

One project, in Jim Wells County, will be focused on development of a secondary oil and natural gas recovery program comprised of 40 wells. The site has approximate reserves of 30 million barrels of oil and 17 billion cubic feet of natural gas.

Another venture, in Taylor County, involves a secondary oil and natural gas recovery program. Proven reserves at this site approximate three million barrels of oil equivalent.

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Free annual reports, filings and conference call webcasts for companies mentioned in the news are available via Investrend Syndications (http://investrend.ar.wilink.com/?level=279). Monday’s issued reports and/or recorded webcasts include Marine Harvest ASA (x: MHG), China GengSheng Minerals, Inc. (OTCBB: CHGS), Skystar Bio-Pharmaceutical Company (OTCBB: SKBI), Fortuna Silver Mines, Inc. (TSX Venture: FVI), LocatePLUS Holdings, Inc. (OTC: LPHC) and Premier Power Renewable Energy, Inc. (OTCBB: PPRW).

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