The President and CEO of Tycoon Energy, Inc., Matt Nerbonne, confirms the discovery of crude oil after drilling second well over a mile into the earth near the town of Plains, Texas, USA.

Tycoon Energy, Inc. (TYCOON) an independent producer of crude oil and natural gas drilled a second well well in Yoakum County, Texas.

The logs revealed high concentrations of crude oil with presence of natural gas. The company is planning on increasing the number of wells in the area with added new vertical and horizontal drills to expand and d..

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