Energy Voice | Ziyen to tempt investors at events in Aberdeen, Inverness

Scottish-American oil firm Ziyen will this week hold two events in a bid to attract investment.

Ziyen will stage its inaugural investor summit at Aberdeen Grammar Former Pupils Club on Queens Road, starting at 6pm on May 16.

A second event will take place at the Kingsmills Hotel in Inverness from 6pm on May 17.

Ziyen is gearing up for Nasdaq stock market entry later this year, pending approval of its initial public offering.

At the Offshore Technology Conference (OTC) in Houston earlier this month, the firm announced that it had picked up another two leases in the Illinois Basin, taking its total to 13.

Inverness-born Alastair Caithness founded the company in 2016 following his move from Scotland to San Diego, California.

Ziyen opened its Granite City base at the Aberdeen Innovation Park, Balgownie Drive in October, while its Inverness operation is located on the Black Isle.

Mr Caithness, Ziyen’s chief executive, said: “We are proud to announce the launch of our inaugural investors summit in Aberdeen.

“It was only recently that I attended the Invest Aberdeen networking event at OTC in Houston and what a great job the Lord Provost, Barney Crockett, did promoting the energy capital of Europe on the world stage.

“It made me proud and excited to be associated with Aberdeen and the fact that we are also growing a Scottish-American company on the international stage.”

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