Pacific Energy Announces the Acquisition of Assets in the Paradox Basin
August 30 2011 - 5:30AM
Marketwired
A group led by Entrada Enterprises LLC, a Nevada corporation, has
acquired 100% of the assets of Delta Petroleum Corporation of
Denver, Colorado, in Grand and Emery Counties, Utah. The assets
include approximately 43,000 gross acres of oil and gas leases,
gathering lines, power plant, gas processing plant and interests in
four wells. Pacific Energy & Mining Company (PINKSHEETS: PEMC)
is the operator of the properties.
About Pacific Energy Pacific Energy owns interests in the
Greater Cisco Oil Field, the Brennan Bottom Oil Field, the Johnson
Bottom Unit and Cedar Rim Oil Field. Pacific Energy Operates oil
wells in the Greater Cisco Field and the Greentown Fields in Grand
County, Utah.
Disclaimer The foregoing contains forward-looking information
within the meaning of The Private Securities Litigation Act of
1995. Such forward-looking statements involve certain risks and
uncertainties. The actual results may differ materially from such
forward-looking statements. The company does not undertake to
publicly update or revise its forward-looking statements even if
experience or further changes make it clear that any projected
results (expressed or implied) will not be realized.
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Contact: Pacific Energy and Mining (775) 852-7444
Pacific Energy and Mining (CE) (USOTC:PEMC)
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