DALLAS, Texas, September 30, 2013 - Paradigm Oil and Gas, Inc.
(OTC PINK: PDGO) ("Paradigm")
Dear fellow Paradigm Oil and Gas Shareholders:
As the new President and CEO of Paradigm Oil and Gas, Inc. (OTC
PINK: PDGO), I recently visited a sun-baked Texas prairie to
inspect a previously dormant pumpjack that our team had just
brought back on-line and was producing oil. Tangible evidence of
the "paradigm shift" that has taken place with our company.
After completing an extensive tour of field production
operations, I am proud to report that this success story is just
one of many playing out across Texas, Oklahoma, and Louisiana, as a
steadily increasing number of the Company's nearly 200 wells have
started to produce oil.
In addition to expanding oil and gas production, specializing in
the use of advanced recovery techniques to make producing and
non-producing wells profitable, Paradigm has an industry leading
Support Services Division which features an exclusive fleet of
technologically advanced "Centurion" mobile oil drilling platforms,
bulldozers, graders, water trucks, and environmental equipment
currently leased to oil producers in the South West.
The Company's experienced leadership team, comprised of oil and
banking industry veterans, have done an amazing job of helping me
transform this organization, leading to a number of significant
accomplishments which I would like to take this opportunity to
highlight.
2013 Achievements
- Paradigm Oil and Gas started producing oil from its wells in
Texas.
- Secured 23 leases totaling 200 wells on nearly 3,100 acres in
Texas, Oklahoma, and Louisiana.
- Filed 2nd quarter, ending June 30, 2013, posting revenue
($40,000) for the first time in almost 2 years.
- Completed a comprehensive, independent audit, covering the
past 24 months
- Reduced liabilities from $1,000,000 in the first quarter to
$300,000 by June 30, 2013, and settled another $690,000 of
debt.
- Refurbished its advanced Centurion mobile drilling assets and
overhauled other oil and gas industry support equipment.
- Secured contracts to service 50 wells.
- Launched comprehensive brand enhancement initiatives which
include a new logo, web site and corporate marketing video.
Paradigm Oil and Gas is approaching the future with a
revitalized focus on our core businesses, with the overall
objective being to increase revenue. To accomplish this, the
Company has secured and is aggressively pursuing lucrative service
contracts as well as additional land options that will
significantly increase its oil and gas production capabilities in
2014. Acquisitions targeting some 700 wells on more than 50,000
acres of land on mineral rich sites which include:
2013 - 2014 Land Acquisitions
- The Bakken Shale Oil field in North Dakota, one of the largest
oil and natural gas accumulations in the United States.
- The Eagle Ford Shale Formation in Texas, which holds huge oil
& natural gas.
- 23,000 acres of oil producing land in New Mexico.
With diversified, robust revenue streams, an established
infrastructure of core business assets, and strategic initiatives
and acquisitions to expand the scope of the Company's operation
within the United States and abroad, I believe Paradigm Oil and Gas
has the potential to develop over 2 billion dollars in proven
reserves and annual revenues exceeding 200 million dollars,
positioning the company for unprecedented growth and achievement in
the oil and gas industry.
We welcome anyone interested in learning more about the company
to visit our new website at http://paradigmoil.com/. For additional
information and inquiries pertaining to investment opportunities or
stock purchase, please call our corporate offices at (727)
595-8101.
I look forward to sharing exciting news of our progress with you
in the very near future.
About Paradigm Oil and Gas, Inc.
Paradigm Oil and Gas Inc. (OTC Pink: 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's Support
Services Division includes a fleet of advanced "Centurion" mobile
drilling platforms which feature exclusive oil recovery technology,
as wells as bulldozers, graders, water trucks, and environmental
equipment. Specializing in the use of advanced recovery techniques
to make producing and non-producing wells profitable, Paradigm is a
growing oil and gas producer, currently holding 23 leases with
nearly 200 wells. Paradigm has secured and is aggressively pursuing
additional land options that will significantly increase its oil
and gas production capabilities. For more information about
Paradigm Oil and Gas, visit http://paradigmoil.com/. If you wish to
be added to Paradigm's mailing list, please email:
Vince@paradigmoil.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@paradigmoil.com
1-727-595-8101
SOURCE Paradigm Oil and Gas, Inc.
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