EUSTACE, Texas, Aug. 19, 2013 /PRNewswire/ -- Paradigm Oil
and Gas, Inc. (OTC PINK: PDGO) ("Paradigm") today announced that
the Company has closed on the purchase of Cam Trucking and Well
Services. The Company consummated the deal on Friday, August 16, 2013.
"On the first day of the operation we have received our first
contract and check. I am thrilled to get the oil rigs out in
the field and the trucks out working again to help keep the revenue
streams growing for Paradigm Oil and Gas," stated Anthony Feezel.
The name of Cam Trucking and Well Services will be changed to
Paradigm Trucking and Well Services and Mr. Anthony Feezel will take on the position of
President of the subsidiary. Half of the fleet will be
prepped for the road and headed for Texas and assigned to long term contracts,
which will generate over six figures per month in revenue.
The other half of the fleet will be on jobs with local producers in
Oklahoma to keep our clients
satisfied and a small portion will be drilling on our wells this
week with a great possibility of success based on the Railroad
Commission Reports and Engineering Analysis and previous State Tax
Reports. We will be sending out one of our rigs to our
previously shut down wells and reopening them for production with
proof of positive results.
"From our Services subsidiary of well drilling, water removal
and engineering analysis; the Company anticipates just under
$200,000 per month in revenue.
We have only just begun and have several contracts and proposals
out in the industry and expect a profitable quarter," stated
Vince Vellardita, President of
Paradigm Oil and Gas.
About Paradigm Oil and Gas, Inc.
Paradigm Oil and Gas Inc. (OTC Pink: PDGO) is a dynamic company in
business to 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. Paradigm Oil & Gas has several proven oil
production leases and options for many more, holds the rights to
the Centurion Technology, and owns rigs that target shallow
stripper wells. For more information about Paradigm Oil and Gas,
visit www.paradigmpdgo.com. If you wish to be added to
Paradigm's mailing list, please email: vince@paradigmpdgo.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.
Contact:
Vince Vellardita, President
Paradigm Oil and Gas, Inc.
vince@paradigmpdgo.com
1-727-595-8101
SOURCE Paradigm Oil and Gas, Inc.
