Business
Paradigm Oil and Gas: Monthly Revenue to Top 100k
Paradigm Oil and Gas: Monthly Revenue to Top 100k.
About this update from Paradigm Oil And Gas, Inc.
[{"type":"text","content":"\n \n \n Paradigm Oil and Gas: Monthly Revenue to Top 100k\n \n \nParadigm Oil and Gas: Monthly Revenue to Top 100k\n \n DALLAS, TX--(Marketwired - Jun 16, 2014) -  Paradigm Oil and Gas, Inc. (OTC Pink: PDGO) (PINKSHEETS: PDGO), a leading service provider to the oil and gas industry with expanding operations in oil and gas production, today announced that monthly revenues would soon exceed 100 thousand dollars based on current levels of production and rising oil prices.\n \"We've got one lease that alone produced 442 barrels last week,\" stated Vince Vellardita, Paradigm Oil and Gas CEO. He added, \"With oil at $107 a barrel, that monthly production puts us at nearly 100k, not counting significant, steady production from our 19 other wells.\"\n Based on the current scenario of oil sales, the Company forecasts a record 40k monthly profit as soon as July 2014. With the planned activation of several more wells recently acquired from Magnum Oilfield Services, Bitter Creek Petroleum, and Blackjack Services, analysts believe that 3rd quarter production and revenue could even exceed Company estimates. Vellardita categorized the breakthrough by adding, \"With current production volume and projected additions to our portfolio of actively producing wells, our monthly profit estimates are very conservative. This is the boom investors have been waiting for.\" \n As of this report, repair crews were working to restore production on several newly acquired wells in the Houston and Dallas areas of Texas. Paradigm's success at targeting and acquiring low-risk, high-return oil producing properties has caught the attention of industry analysts who are closely following the Company's progress. \n Paradigm Oil and Gas welcomes anyone interested in learning more about the company to visit their web site at www.paradigmoil.com.\n About Paradigm Oil and Gas, Inc.  \n Paradigm Oil and Gas Inc. (OTC Pink: PDGO) (PINKSHEETS: 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 is a growing oil and gas producer, currently holding 30 leases with nearly 300 wells. Paradigm has secured and is aggressively pursuing additional land options that will significantly increase its oil and gas production capabilities. To be added to Pa...