PDGO ITZ A GUSHER //Produces OIL on the First Test Well

New Post Public Reply Private Reply Replies (0) Message Board

Feb 5, 2013 at 9:36 AM

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.

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Clarius Named in TIME's Top HealthTech 2026 Again

When a company gets the nod from TIME two years in a row, you know they’re not just tinkering with gadgets—they’re changing the game. Clarius Mobile Health, with its cutting-edge wireless ultrasound tech, has cemented its place in TIME's World's Top HealthTech Companies of 2026. Last I checked, repeating this kind of recognition never comes easy in such a fiercely...

Subaru, Motorq Offer Hardware-Free Fleet Telematics Insights

An Unplugged Move in Fleet Management There's something brewing between Motorq and Subaru that could shake up fleet operations in ways most haven't thought possible yet. We’re talking about cutting those pesky hardware cords and diving straight into a future that's software-driven—and hey, we're all here for it. Direct, Data-Driven Leadership Imagine you're a fleet...

United Apartment Group's Leadership Revamp Signals Growth

A Bold Leadership Expansion Big moves are afoot at United Apartment Group (UAG). They're not just refilling some roles here; they're rebooting their lineup with serious hitters—Woody Stone and Lenzie O’Connor are now steering the ship on business development and client services, eager to drive the company to new heights. Woody Stone: Fueled by Experience Stone isn't...

Sequel Advisors Rebrand: Founder-Centric M&A Focus

What's in a Name? A Shift to Reflect Reality When a company decides it's time to shake things up with a rebrand, they better have a good reason. Enter what's now called Sequel Advisors—shedding the old label, Transact Capital, to let founders know exactly what they’re dealing with upfront. This isn't just some slick, new logo on a letterhead. It's about aligning their...

Aviator Nation Teams with NFL for 2026 Collection Launch

In a move blending sports with a dash of retro flair, Aviator Nation's dropping its first NFL-licensed collection. They’re looking to serve up a blend of vintage vibes and team spirit. Aviator Nation's New Venture Launching their collection on September 24th, 2026, Aviator Nation takes a dive deeper into sports licensing, after scoring a touchdown (literally!) with an...

Seatrium, Karpowership Wrap Landmark FSRU Partnership

A Milestone in Global Energy Infrastructure Out of Admiralty Yard in Singapore comes a transformation saga that’s begging for attention. Seatrium Limited and Karpowership have pulled off something spectacular with their seventh and final Floating Storage and Regasification Unit (FSRU), LNGT Türkiye. It's not just another vessel hitting the waters—it's the bookend on...

Miguel Pantoja: Wiring a Second Chance Beyond Bars

A Second Shot with Electric Dreams Miguel Pantoja, once on the rocky road of life choices, now lights up Northern California with his spark — quite literally. Walking out of federal prison, his mind was set as firmly as a bolt: first stop was a burger, second was a plan to transform his past into a new beginning. That path took him to UEI College in Sacramento, where...

Spotlight on AI-Powered Smart Homes for 2027

Gearing Up for the Connected Home Revolution Ah, the thrill of peering into the future of smart homes! That's what's cookin' as Parks Associates gears up for its annual CONNECTIONS™ Conference slated for May 4-6, 2027. This isn't just another routine pow-wow. Nope, this get-together is about seeing who's leading the pack in transforming our everyday spaces into...

Wrensilva Unveils Studio Console in White Oak

The White Oak Revolution Out of San Diego, Wrensilva's giving audiophiles a new reason to tune in: the Studio record console now comes dressed to impress in White Oak. This marks a fresh chapter in their craftsmanship tale, marrying sleek design with the earthy charm of this beloved hardwood. And guess what? The demand for serene home listening setups is peaking like...

Quantum Sky's Strategic Leadership Overhaul Targets Growth

Executive Shake-Up Aims for Stronger Federal Market Alignment Buckle up, folks—there's some major chess-piecing happening at Quantum Sky. They've just named not one or two, but three executive bigwigs to head up their core business groups. This isn’t just some ceremonial reshuffle. Nah, it’s bigger. They're redefining how they tackle the Department of War, Intel &...