PDGO >>> ITZ A GUSHER //Produces OIL on the First Test Well
2013-02-04 09:46 ET - News Release
EUSTACE, Texas, Feb. 4, 2013 /PRNewswire/ -- (OTCPINK: PDGO) Vince Vellardita, President of Paradigm Oil and Gas, Inc., announced today that while testing one of the wells that had been shut down for the past years -- "We Struck Oil"!!
"Since our wells have been shut down, an H-I5 Test must be performed for the Railroad Commission in compliance with Texas Law. Upon completion this would allow us to turn the pumps back on. We took our Centurion One Trailer to our Clark Lease Property to begin the process of getting it ready for contract fulfillment. While testing our #2 well, WE PRODUCED OIL at less than 1000 feet and it was a beautiful sight (paradigmoilinc.com/oil.htm)," stated Vince Vellardita, President. Water intrusion from Woodbine Formation is the mechanism pushing oil through the reservoir toward the producing wells. Our test proves the Clark Lease has plenty of oil and water. The source rock for the oil in East Texas is the lower-lying Eagle Ford Shale.
Paradigm Oil & Gas is looking at a bright future having the Centurion One Technology under contract for 48-65 wells and ready to start producing revenue and earnings for the Company. Clark Lease property is expected to have two wells online and producing within the next few weeks. "I'm extremely happy for the shareholders as we now have leases that will be oil producing and a Technology Company with two streams of revenue," stated Vince Vellardita.
About the CENTURION ONE TRAILER
Paradigm Oil & Gas owns the Centurion Technology. The Centurion One Platform is a unique trailer that is designed as a self sufficient oil recovery system. It requires only a 4.5 inch or wider clean casing and can reach up to eleven hundred feet. The main components on the Centurion One are: a 50KW generator, 1100 feet of flexible tubing and a 3 1/2 inch wide submersible pump. The system is also capable of being tied directly into flow lines.
About the CLARK LEASE
Paradigm Oil & Gas has a Lease on a 96 Acre Ranch outside of Dallas, Texas. The Lease contains all Mineral Rights and Drilling Rights from surface to 5,000 feet. Paradigm Oil & Gas has two wells on the Property and plans on adding wells.
About Paradigm Oil and Gas, Inc.
Paradigm Oil and Gas, Inc. (OTC Pink: PDGO) is a dynamic company in business to both 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. For more information about Paradigm Oil and Gas, visit the website at www.paradigmoilinc.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.
PDGO ITZ A GUSHER //Produces OIL on the First Test Well
Top 10 Most Recent News Articles
Bamboo Unveils Tailored Home Insurance for Texans
Adapt or Get Left Behind: The Texas Insurance Scene In a world where costs are ballooning and the pressure on the wallet grows heavier, here comes Bamboo Insurance swinging into Texas like a hopeful knight. This plucky insurer is rolling out the Texas Essential Homeowner Program, a highly adaptable, admitted policy that promises to put some power back into the hands of...
Continue Reading
Orbis Celebrates 20 Years of Eye Care in Macau
Celebrating Two Decades of Eye Health Innovation Orbis, a name synonymous with eye care worldwide, has hit a remarkable milestone. Celebrating two decades of commitment to eye health in Macau, they've rolled out their Flying Eye Hospital with a mission of profound impact. This isn't just about a fancy airplane; it’s about real, lasting change through training projects...
Continue Reading
LIV Golf's Big Play: Restructuring with Saudi PIF
Trailblazing Change in the Golf World It's like watching a high-stakes game of chess where pieces are worth billions. White Knight Capital Corp. has thrown its hat into the ring with the Public Investment Fund of Saudi Arabia to overhaul LIV Golf Enterprises. This isn't your average Monday morning golf chat; it's full-on corporate drama with financial steroids. Debt Swap...
Continue Reading
Halloween 2026: Gemmy's Animatronics Add Thrills
Halloween's New Twist with Gemmy's Animatronics Well, just when you thought Halloween couldn't get any more over the top, here comes Gemmy with their 3-foot tall animatronic characters ready to give your trick-or-treat scene that extra jolt. These aren't just any run-of-the-mill decorations. Nope, they come with a twist—an industrial-strength twist of scares and sweets...
Continue Reading
Cyngn: A Deep Dive into Its Robust 24-Patent Portfolio
Cyngn's Growing Patent Portfolio: A Robust Defense Ah, Cyngn Inc., the hotshot in AI-powered autonomous vehicle tech, is flexing its muscles with a solid 24-patent stash. We're talking about a company that's not messing around, racking these up since they decided to dive head-first into solving the brain-busting problems of the industrial sector. Their strategy? Build and...
Continue Reading
Hartford Students Get Boost from Hygiene Initiatives
Beyond Backpacks: Essential Hygiene for Hartford Kids When September rolls around, it’s not just about those shiny new backpacks and unopened notebooks. In good ol’ Hartford, some students find themselves in need of basics that get overlooked—a stick of deodorant, a bar of soap, maybe some period products. Skimp on these, and all of a sudden, showing up for school...
Continue Reading
AI Platform Suno Sued for Exploiting Artists' Identities
AI and the Music Business: A Legal Storm Brews Well, it looks like the music world’s hitting a rough patch with AI in the crosshairs. We've got Korein Tillery, a heavyweight in the legal arena, throwing down the gauntlet against Suno, an AI music-generation platform. Folks, welcome to the battleground where art meets tech and identity theft takes a whole new meaning....
Continue Reading
Chris Auffenberg Buick: 1.9% APR Drives New Deals
New Financing Options in Carbondale In a world where financing a car sometimes feels like predicting the weather—unreliable and erratic—Chris Auffenberg Buick is turning the tables down in Carbondale with a refreshing approach. They're trotting out a 1.9% APR financing option for those Buick lovers who qualify, all through GM Financial. It's the kind of deal that...
Continue Reading
Inturai Ventures Closes Final Tranche with a Twist
Wrapping Up a Wild Ride in the Investment Arena Markets are a fickle friend, and today we've got Inturai Ventures calling it a day on their latest cash grab. They've locked the final tranche of their private placement, pulling in an aggregate $963,713.70. Feels like they're counting pennies in this venture, but every cent counts when your aim is to shake up industries...
Continue Reading
Delisting Gray Wolf Sparks Heated Hunter Nation Debate
Unraveling the Gray Wolf Controversy What are we looking at here—political maneuvering wrapped in a fur coat? Trump's executive order is making some calls I didn’t see coming. By pushing to delist the gray wolf from the Endangered Species Act (ESA), he's stirring up a mix of joy, outrage, and a boatload of debate about environmental ethics, conservation priorities,...
Continue ReadingTop 5 Most Recently Viewed Articles
UK Regulator Introduces New Probes into Tech Industry Practices
UK Regulator's Initiative Against Major Tech Firms The competition landscape in the UK is about to evolve significantly. The UK's anti-trust regulator has announced plans to initiate two investigations using its newly authorized powers to tackle the leading tech firms. This move aims to bolster investment, innovation, and growth within the digital market. Understanding...
Continue Reading
Jeff Bezos' Bold Move: Embracing Risk to Propel Amazon Prime
Understanding the Origins of Amazon Prime Amazon.com, Inc.'s AMZN Prime membership program has transformed into one of the most popular loyalty initiatives in retail history. However, its inception was shrouded in uncertainty and skepticism from key stakeholders, including Jeff Bezos himself. The Innovative Concept Behind Amazon Prime During a 2018 dialogue, Bezos...
Continue Reading
Sinch's Tier One A2P SMS Ranking Shows Commitment to Excellence
Sinch Achieves Top Tier A2P SMS Ranking Sinch has recently been recognized as a Tier One vendor in the A2P SMS market, showcasing its leadership in delivering high-quality messaging solutions that are secure and versatile across the globe. This outstanding achievement in the messaging space comes from a comprehensive evaluation by leading industry analysts at ROCCO....
Continue Reading
Lexington Partners Expands Global Operations with New Office
Lexington Partners Expands Global Operations with New Office – Doug Bourne Appointed to Lead Office; Thomas Dunn Relocates from London – Lexington Partners, one of the largest managers of secondary private equity and co-investment funds, proudly announces the opening of its new office in Abu Dhabi. This new location marks a significant step in expanding the firm's...
Continue Reading
Join the Thrilling XJTLU Global Dream Chasers Competition
Exciting Opportunity for Student Entrepreneurs Aspiring student entrepreneurs from around the globe are invited to take part in the fourth XJTLU Global Dream Chasers Entrepreneurial Competition, organized by Xi'an Jiaotong-Liverpool University. This fantastic opportunity encourages participants to showcase their innovative ideas and entrepreneurial spirit. The first round...
Continue Reading