Business
Paradigm Oil and Gas Launches "Production Blitz" Amidst Middle East Volatility
Paradigm Oil and Gas Launches "Production Blitz" Amidst Middle East Volatility.
About this update from Paradigm Oil And Gas, Inc.
[{"type":"text","content":"\n\n\n\n\n\n\n\nParadigm Oil and Gas Launches \"Production Blitz\" Amidst Middle East Volatility\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 Launches \"Production Blitz\" Amidst Middle East Volatility\n\nPR Newswire\n\nEUSTACE, Texas, Sept. 4, 2013\n\n\n\n\n\n\n\n\n\n\n\n\nEUSTACE, Texas, Sept. 4, 2013 /PRNewswire/ -- Paradigm Oil and Gas, Inc. (OTC PINK: PDGO) (\"Paradigm\") today announced that it has been preparing a full-scale oil and gas \"Production Blitz,\" mobilizing all available personnel and resources in response to recent Middle East volatility and potential new shortages.\n\n\nParadigm Oil and Gas has spent the last 60 days conducting a comprehensive evaluation of its leases, wells, and support assets in Texas, Louisiana and Oklahoma as part of a strategic initiative to quickly and significantly increase oil and gas production in response to growing demand and the threat of further disruption to global production. \n\n\nAs of today's briefing, Paradigm Oil and Gas held 23 leases in the three states, totaling nearly 200 wells on several thousand acres. \"These properties all have similar qualities in that they are ready and available for production, have equipment or assets on ground, and have historical information pertaining to production capabilities. A selection criteria that has guided our ongoing strategy in targeting and acquiring lucrative properties,\" stated Vince Vellardita, President and CEO of Paradigm Oil and Gas. Vellardita added, \"We have set one goal for theses leases, get them online and producing!\"\n\n\nIn response to this mandate, leadership has assembled quick response teams and is deploying them to cover multiple lease sites starting this week. The company is committed to having as many as three wells online from different leases, producing and generating solid revenue in the next ten days. Within the scope of the acquired leases, there are some wells that will need down-hole work and restoration, however a significant portion require minor repair and basic...