EUSTACE, Texas, July 24, 2013 /PRNewswire/ -- Paradigm Oil and
Gas, Inc. (OTC PINK: PDGO) ("Paradigm") today announced that the
Company has entered into an agreement with Pangean Energy, LLC to
co-manage its oil well leases.
Paradigm Oil and Gas, Inc. has several leases and options of
thousands of acres of land in the United States. "We will
start the drilling process and fire up one of our North Texas properties," stated Vince Vellardita, President of Paradigm Oil
& Gas.
"As we move forward in cleaning up our corporate structure and
get our filings and audits up to date in order to get reinstated on
the OTCBB Exchange; we decided to fire up some of our smaller
properties in an effort to generate revenue from our Oil Production
Division. Our Technical/Service Division is already under
contract with our Centurion and has already generated its first
revenue for the Company. We will be able to post nice revenue
in the next quarter and will continue to grow our numbers as the
year progresses," stated Vince
Vellardita, President of Paradigm Oil & Gas.
After several great meetings last week in Texas with our operating partner Pangean
Energy, LLC, the Company is now poised to land several long
term contracts which will help us to obtain the revenue and assets
needed in order to be listed on the American Stock Exchange.
We are very excited to be in the position the Company is in
now. We are on pace by following our business plan, which
will deliver to Shareholders the long awaited value.
About Paradigm Oil and Gas, Inc.
Paradigm Oil and Gas Inc. (OTC Pink: PDGO) is a dynamic company in
business to provide service work to the oil and gas marketplace and
to produce oil. Paradigm's goal is to identify oil producing wells
and use modern technology to make them profitable based on modern
commodity pricing. Paradigm Oil & Gas has several proven oil
production leases and options for many more, holds the rights to
the Centurion Technology, and owns rigs that target shallow
stripper wells. For more information about Paradigm Oil and Gas,
visit www.paradigmpdgo.com. If you wish to be added to
Paradigm's mailing list, please email: vince@paradigmpdgo.com
Forward Looking Statements
This release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E the Securities Exchange Act of 1934, as amended and
such forward-looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words
such as "may," "future," "plan" or "planned," "will" or "should,"
"expected," "anticipates," "draft," "eventually" or "projected."
You are cautioned that such statements are subject to a multitude
of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors, and other risks.
Paradigm Oil and Gas, Inc., is a company with limited experience in
the oil and gas industry. At the time of this release Paradigm Oil
and Gas, Inc. lacks the financial capabilities to meet its
financial obligations and its management expects to dilute the
Company's shares to raise the necessary operating capital. Based
upon industry standards Paradigm would be considered highly
speculative and lacks any competitive advantage over its
competition. Additional risks you should consider are that this
list is limited and additional risks not mentioned may apply:
failure to meet Paradigm's financial and contractual obligations,
Paradigm's managerial errors made based upon the Company's limited
experience and knowledge of the industry, commodity risk, acts of
God and regulatory risk. You should consider these factors in
evaluating the forward-looking statements included herein, and not
place undue reliance on such statements.
Contact:
Vince Vellardita, President
Paradigm Oil and Gas, Inc.
vince@paradigmpdgo.com
1-727-595-8101
SOURCE Paradigm Oil and Gas, Inc.
