Paradigm Oil and Gas to Acquire Oil Interests on 2,200 Acres in East Texas

Paradigm Oil and Gas Inc. (OTCBB:PDGO) has entered into an agreement to acquire the oil interests on 2,200 acres in east Texas.

As quoted in the press release:

The property consists of 40 producing wells and 200 previously producing wells. An additional 100 wells can be drilled on the property. The Company plans to rework the existing non producing wells to bring them back to a producing state to increase production.

Click here to read the Paradigm Oil and Gas Inc. (OTCBB:PDGO) press release.