Debary, FL / ACCESSWIRE / December 10, 2014 / Cyber Kiosk Solutions, Inc. (OTC PINK: CYBK) is pleased to announce the Company has officially change its name to World Oil Group, Inc., and its new trading symbol is (OTC PINK: WOGI).

The Company's CEO Nathan Hall states "I am super excited to communicate to our shareholder base under the name World Oil Group, Inc. (WOGI) which better reflects our business and vision moving forward. Now that the name and ticker are officially changed, shareholders will begin to see the quality relationships and business mindset I bring to the table. As a CEO, I will strive to achieve shareholder value by expanding the business, increase revenues, completing acquisitions and up-listing the Company."  

World Oil Group would like to provide shareholders an update on operations in Pennsylvania. The company has continuously stayed the course with the drilling schedule. However, has been met with some equipment failure(s) and drop in oil pricing that has caused some delays and changes to the fracking schedule. The equipment failure(s) have been remedied, but due to the drop in oil prices, WOGI has not proceeded on the original fracking plan to drill 3 wells and frack 1 well.   To ensure profitability, World Oil Group is responding to conditions that are ever changing in the field.

The oil wells that have been drilled, logged and are waiting to be fracked, have good oil saturation and are expected to produce oil in marketable quantities.  The Course number #2 well has demonstrated to have strong oil and gas shows that have come out of the ground while drilling.  Although not produced for profit, the natural gas produced from the well will help to drive the oil to the well bore thereby increasing production. All of the other wells show strong oil reserves for these types of oil wells.

The Course # 4 was drilled and during the process of putting casing down hole, the operations team ran into faulty threads on the pipe and lost 17 - 20ft section of piping down hole due to a manufacture defect in the piping. The company has since, contacted the piping manufacturer and had them replace all piping at no cost to the company. WOGI will come back to this well at the end of the 10 well drilling project. The company anticipates on having 7 wells completed by the end of the year proving whether conditions permit.

Beginning next year, World Oil Group, Inc. is looking to purchase new equipment to meet capability demands. WOGI is looking to purchase two drilling rigs for this region so we can run multiple crews on projects simultaneously.    

As of today, Course #6 has been drilled all but the last 200ft and expect to finish that tomorrow and begin on the Course #9 on Friday. Due to the locations and the proximity of the equipment, WOGI has drilled out of sequence. World Oil Group, Inc. is drilling in the Venango Sand Group of formations and there have been no dry holes. 

Out of the wells that have been drilled, geology reports show marketable proven oil reserves in each well.  The Corse Lease Geology Reports show the wells collectively have between 850 to 1500 barrels of oil production the first year, per well, which represents a collective oil average of about 10,000 barrels of oil for year one of the 10 well program. In dollars and cents at today's markets price of $66.84 dollars per barrel of oil, gives the company $ 668,400.00 dollars in first year gross dollars.

Brent Crude Oil $66.84  

▲0.65                  0.97%

2014.12.09 end-of-day                                                   

http://oil-price.net/dashboard.php?lang=en#brent_crude_price_large

The Company planned on fracking by now, but decided to drill all 10 wells first in hopes the Oil markets would stabilize.  Once all 10 wells have been drilled, the fracking will begin. The Company expects to be selling Oil within days after fracking. The sale of the Oil to Ergon, Inc. is already in place and when the tank(s) are filled the oil truck comes to pick up.

The processes of permitting additional well locations on the lease have already begun in anticipation of the success of the current 10 well project. These additional wells have already been identified by survey and proper notices have already been sent to local municipalities and landowners. WOGI expects to have additional permits within the next 90 days.

World Oil Group, Inc. simultaneously working to begin its next 10 well project on its 50 well lease allocation.  World Oil Group, Inc. is in talks with obtaining additional leases in Ohio and the surrounding areas of Venango, Warren and Butler Counties.

About World Oil Group, Inc.:

EPA Petroleum, Inc. "EPA" is a wholly owned subsidiary of World Oil Group, Inc. (WOGI). The Company is an independent producer of crude oil and natural gas. EPA Petroleum is actively involved in drilling activities within the Commonwealth of Pennsylvania using Xite Energy, Inc. as its subcontractor drilling partner.  

EPA Petroleum is always seeking new opportunities and acquisitions in the O&G sectors and looks to work with the local communities to help bring jobs within each drilling region. EPA Petroleum's vision is to grown exponentially with the petroleum industry via O&G drilling and energy trading in the USA and around the world.

The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

World Oil Group, Inc.  New Stock Symbol (WOGI)

For Information contact:
Nathan Hall, President & CEO                                                                                                                 Phone: 407-777-9228                                                                                                                           Email: info@epapetroleum.com        
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SOURCE: World Oil Group, Inc.