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.
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Certain statements in this release may constitute forward-looking statements. Such forward-looking statements involve risks, uncertainties and other factors, which may cause actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements.
T. Clemensen Consulting
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