Paco Integrated Energy Inc. Acquires Lease Properties In The District Of Olney, Texas
Posted on: Thursday, 8 October 2009, 09:50 CDT
Paco has negotiated a Farmout agreement on 180 acres of the Wolf lease properties. The agreement will allow for significant gains to be realized with little or no expenditures.
The currently producing Copeland lease is being reviewed in order to formulate a comprehensive exploration program to maximize oil recovery from the property.
The company will provide periodic updates on these properties on our website as information is made available.
About Paco Integrated Energy Inc.
PACO Integrated Energy Inc. is an exploration company focused on purchasing under valued oil and gas leases with little or no production in
Paco will further build a comprehensive network of oil and gas professionals to be part of the team to evaluate future investment, and divestment projects and ongoing focus on low cost efficient operations.
These working assets have all been refurbished and outfitted with the latest in oil recovery equipment. Since many of these assets are shallow wells, former owners were technically unable to reach deeper deposits. PACO has the technical team to go further and more efficiently.
Forward-Looking Statements
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
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SOURCE Paco Integrated Energy Inc.
Source: PR Newswire
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