PHILADELPHIA, Nov. 4 /PRNewswire-FirstCall/ -- Pardee Resources Company (OTC:PDER) (the "Company") today announced that its recent offer to purchase up to 22,727 shares of its outstanding common stock at a purchase price of $220 per share (the "Offer") expired as scheduled on October 31, 2008. The number of shares tendered in the Offer exceeded the maximum number of shares sought in the Offer, so no shares will be purchased from shareholders of the Company who did not tender all of the shares of Company common stock that they owned. As contemplated by the terms of the Offer, all tendered shares will be purchased from shareholders who tendered all of the shares of Company common stock that they owned, except for the largest of such shareholders, from whom only a portion of the tendered shares will be purchased up to the maximum number of shares sought in the Offer. DATASOURCE: Pardee Resources Company CONTACT: Linda Dougherty, Shareholder Relations of Pardee Resources Company, +1-215-405-1260,

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