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Paradigm, Pangean Sign TX Oil Well Management Agreement
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Paradigm Oil and Gas Inc. has entered into an agreement with Pangean Energy LLC to co-manage its oil well leases.
Paradigm Oil and Gas Inc. has several leases and options of thousands of acres of land in the United States.
Vince Vellardita, President of Paradigm Oil & Gas, commented: "We will start the drilling process and fire up one of our North Texas properties.
"As we move forward in cleaning up our corporate structure and get our filings and audits up to date in order to get reinstated on the OTCBB Exchange; we decided to fire up some of our smaller properties in an effort to generate revenue from our Oil Production Division. Our Technical/Service Division is already under contract with our Centurion and has already generated its first revenue for the Company. We will be able to…
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