CYAP subsidiary acquires 5% royalty interest in 7 Eagle Ford oil wells; shifts from software to energy

Leopard Energy, Inc.

CYAP Oil, LLC successfully bid at auction for a 5% royalty interest in seven producing oil wells in Eagle Ford Shale, Lavaca County, Texas.
Transaction expected to close on or about January 17, 2024.
Company states shift in focus from software development to U.S. energy production and development sector.
Company intends to complete additional similar acquisitions in the near future.
No financial terms (purchase price) were disclosed in the filing.

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