SOURCE:
PACO Oil and Gas Inc.
2008-07-16 16:31:00
SHERMAN, TX–(EMWNews – July 16, 2008) – PACO Oil and Gas Inc. (
(
valued oil and gas leases — is selling its first tank of oil produced from
the company’s Little Fox lease properties. The Little Fox lease properties
are adjacent to the Fox properties Paco currently operates in Oklahoma. The
tank was sold at record prices as the continued demand for energy resources
drive oil prices up. There are 2 wells located on the Fox properties.
About PACO Oil and Gas Inc.
PACO Oil & Gas Inc. is an exploration company focused on purchasing under
valued oil and gas leases with little or no production in the United
States. Its experienced technical team then increases the leases production
thereby significantly increasing the value.
PACO Oil & Gas concentrate its efforts developing under valued well
communities into micro scale production facilities. These working assets
have all been refurbished and outfitted with the latest in oil recovery
equipment. Since many of these assets are shallow wells, former owners were
technically unable to reach deeper deposits. PACO has the technical team to
go further and more efficiently.
Forward-Looking Statements
Statements in this press release relating to plans, strategies, economic
performance and trends, projections of results of specific activities or
investments, and other statements that are not descriptions of historical
facts may be forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking information is inherently subject to risks and
uncertainties, and actual results could differ materially from those
currently anticipated due to a number of factors, which include but are not
limited to, risk factors inherent in doing business. Forward-looking
statements may be identified by terms such as “may,” “will,” “should,”
“could,” “expects,” “plans,” “intends,” “anticipates,” “believes,”
“estimates,” “predicts,” “forecasts,” “potential,” or “continue,” or
similar terms or the negative of these terms. Although we believe that the
expectations reflected in the
forward-looking statements are reasonable, we cannot guarantee future
results, levels of activity, performance or achievements. The company has
no obligation to update these forward-looking statements.
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