Paradigm Oil and Gas, Inc. has Not Executed Letter of Intent for Joint Venture With EGPI Firecreek, Inc.

Paradigm Oil and Gas, Inc. (OTC:PDGO) reported that a Joint Venture Partnership agreement has not been executed with EGPI Firecreek, Inc.

The press release is quoted as saying:

On September 8, 2011 a news release by EGPI Firecreek, Inc. announced that a Joint Venture between Paradigm Oil and Gas, Inc. was signed. This release was premature as this relationship is still in negotiation. If and when an agreement is reached and executed, Paradigm Oil and Gas, Inc. will make such an announcement.

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