Paradigm Oil & Gas: Record Aug-Sept Production Hits 3,323 Barrels
DALLAS, TX–(Marketwired – Oct 29, 2014) –
Paradigm Oil and Gas, Inc. (PINKSHEETS: PDGO), a leading service provider to the oil and gas industry with expanding operations in oil and gas production, today announced that the Company’s eight active wells combined to produced over 1,500.00 barrels of oil September of 2014.
Paradigm provided insight into the achievement by releasing the following summary of August and September, 2014 oil production: Perry – 138/142, Adobe – 320/260, Miller – 330/310, Clements – 230/250, Lucy Lee – 260/260, Mina Travis – 320/260, Roberts – 60/51, Summers – 72/60. Paradigm will file official accounting with regulatory commissions in Texas and Louisiana later this week. Oil production reports can be verified via state agency web site.
Vince Vellardita, CEO of Paradigm Oil and Gas, stated, “1,500.00 barrels from 8 wells in two months is quite an achievement, but it’s just the beginning. We expect to have a total of 17 producing by November, conservatively increasing current oil production by 40-50 percent.”
Vellardita will lead a tour and inventory of Paradigm’s properties in Texas and Louisiana from November 2 -14, 2014.
Accompanied by senior executives from two other oil companies, the field inspection will be videotaped and highlights aired on national television as part of the Company’s ongoing initiative to enhance Paradigm’s image and increase the scope of investor awareness.
About Paradigm Oil & Gas:
Paradigm Oil and Gas Inc. (PINKSHEETS: PDGO) Paradigm Oil and Gas is a leading service provider to the oil and gas industry with expanding operations in oil and gas production. Paradigm is a growing oil and gas producer, currently holding 30 leases with nearly 300 wells. Paradigm has secured and is aggressively pursuing additional land options that will significantly increase its oil and gas production capabilities.
Corporate video: Paradigm Oil and Gas “Corporate Overview”
For more information: marketwired.com/paradigm-oil-gas-record-aug-sept-production-hits-3323-barrels
Disclaimer/ Disclosure: The Investors News Magazine is a third party publisher of news and research as well as creates original content as a news source. Original content created by Investors News Magazine is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site may be compensated by featured companies for news submissions and content marketing. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.