Business
Paradigm Oil and Gas Inc. comes out flying in Dallas with Joint Venture Partner Energy Revenue America, Inc.
Paradigm Oil and Gas Inc. comes out flying in Dallas with Joint Venture Partner Energy Revenue America, Inc..
About this update from Paradigm Oil And Gas, Inc.
[{"type":"text","content":"\n\n\n\n\n\n\n\nParadigm Oil and Gas Inc. comes out flying in Dallas with Joint Venture Partner Energy Revenue America, Inc.\n\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\n\n\n\n\nParadigm Oil and Gas Inc. comes out flying in Dallas with Joint Venture Partner Energy Revenue America, Inc.\n\nPR Newswire\n\nEUSTACE, Texas, April 15, 2013\n\n\n\n\n\n\n\nEUSTACE, Texas, April 15, 2013 /PRNewswire/ -- (OTC PINK: PDGO) President of Paradigm Oil and Gas, Inc. announced today that it had a very successful week in meetings with the Executives from Energy Revenue America, Inc. and Paradigm Oil & Gas on moving forward with the production of oil and gas with the wells that the Company owns. \n\n\n\"I am thrilled that over the next few weeks we will be moving full speed ahead with all divisions generating revenue,\" stated the President of both Companies, Vince Vellardita.\n\n\nHere is the update by category:\n\n\n\n1. Centurion Technology\n\n\n\nWe have an agreement in place and a potential to win contracts totaling 776 wells. The trucks and equipment is being prepped in order to start immediately on our first contract. This division has the opportunity to generate up to $3 Million in yearly gross revenue and the net based on these numbers would be close to $2 Million.\n\n\n\n2. Oil Production\n\n\n\nParadigm Oil and Gas complete initial site work regarding the Clark Lease located in the Kaufman County, Texas site crews have been working on the field for the last two weeks. New roads were installed, maintenance on the tank battery was completed and we are waiting for repairs to the power lines that have recently been sagging. Once the power lines are repaired we should be able to begin scheduling service rigs to begin work on the site.\n\n\nThe joint management group will also begin discussions on the possibilities of Arbuckle pools that were found in Nowata County. Our current research indicated that previous wells drilled in Nowata County, showed an initial production of about 200 barrels a day totaling 6,000 barrels per month which c...