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Cyber Apps World Inc. (CYAP) is a technology company that focuses on software development and energy production projects. Recently, Zenith Energy Ltd. acquired a majority stake in CYAP, resulting in new board appointments and a strategic shift towards energy production opportunities. The company's subsidiary, CYAP Oil, LLC, has successfully bid for a royalty interest in producing oil wells in Texas, marking its entry into the U.S. energy sector. With plans for further acquisitions, CYAP aims to expand its presence and offerings in the energy industry.
Rhea-AI Summary
Cyber Apps World Inc. announces its subsidiary, CYAP Oil, LLC, has successfully bid for a 5% royalty interest in a package of seven producing oil wells in Texas, marking the company's entry into the U.S. energy production and development sector.
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Rhea-AI Summary
Cyber Apps World Inc. announces change in control
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FAQ
What is the focus of Cyber Apps World Inc. (CYAP)?
CYAP focuses on software development and energy production projects.
Who acquired a majority stake in CYAP?
Zenith Energy Ltd. recently acquired a majority stake in CYAP.
What strategic shift has CYAP made recently?
CYAP has shifted its focus towards energy production opportunities.
What recent acquisition has CYAP made in the U.S. energy sector?
CYAP's subsidiary, CYAP Oil, LLC, successfully bid for a royalty interest in producing oil wells in Texas.
What are CYAP's plans for the future?
CYAP intends to complete additional acquisitions in the energy sector and expand its presence.
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