EUSTACE, Texas, Nov. 21, 2012 /PRNewswire/ -- Paradigm Oil and Gas, Inc. (PDGO)
I want to thank The Board of Directors and the Shareholders for the opportunity to explore and use my vision and knowledge in bringing a true value to Paradigm Oil and Gas, Inc.
For the past five years I have watched the US Oil Industry and have seen their proven reserves of 21 billion barrels of oil and today with 20 shale formations and fracking technology, we now have 400 billion barrels of proven oil reserves. That is the reason why this great country that we live in, the United States of America, will be the number one oil producer in the world within the next five years. We will outgrow Saudi Arabia and become the top exporter.
What I have found from my research is Paradigm Oil and Gas' potential based upon it positioning has an opportunity to be pumping a number of oil wells. I have a goal to acquire leases equipped and running, this company can recomplete and increase production get up to 1,400 barrels per day which in today's market price is roughly $125,000 per day or just shy of $900,000 dollars per week.
Over the holidays and the coming weeks I will be assembling a team of Oil and Economic experts to assist in making Paradigm Oil and Gas a true competitor in the market place. We will work tirelessly in bringing shareholder value and fulfill our business plan.
You will be hearing from me after the holidays. I wanted to wish all of you and your families a Happy Thanksgiving.
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.
Paradigm Oil and Gas, Inc.
SOURCE Paradigm Oil and Gas, Inc.