Paradigm Oil and Gas Files “FORM 10” with SEC
April 07 2014 - 9:00AM
Access Wire
DALLAS, Texas / ACCESSWIRE / April 7, 2014 / Paradigm Oil and
Gas, Inc. (OTC PINK: PDGO), a leading service provider to the oil
and gas industry with expanding operations in oil and gas
production, today announced that on Friday April 4, 2014, the
Company filed “Form 10” with the Securities and Exchange Commission
(SEC) to regain regulatory compliance.
The filing contains two years of audited financials from 2011 -
2012, nine months of reviewed financials for 2013, as well as a
detailed account of all properties under lease and verified assets.
The Company notes that SEC Form 10 is significant because it is one
of the most basic sources of information about a publicly traded
security used by analysts and potential shareholders to gather
information needed to make investment decisions. Paradigm Oil and
Gas CEO Vince Vellardita stated “After an extensive and exhaustive
audit process, I am very please to report the filing. This is a
tremendous step forward for the Company as it restores our
compliance with the SEC, reinvigorates enthusiasm among
shareholders, and positions Paradigm to attract a broader scope of
investors.”
Since launching a full scale production initiative in 2014 from
newly acquired wells along the Tuscaloosa Marine shale formation in
Louisiana, the Company reports impressive oil production from
additional properties in Texas, Oklahoma, and Louisiana, as well as
newly tapped natural gas assets in Canada and Texas. News of oil
and gas production coincides with approval to ship oil from its
holding tanks in Texas and Louisiana, signaling the start of what
Paradigm believes with be steadily increasing revenue.
Vellardita summarized recent developments by stating “As
promised, we have taken bold steps forward, transforming Paradigm
Oil and Gas into a streamlined, fundamentally sound, fiscally
responsible company worthy of shareholder confidence.”
Paradigm Oil and Gas welcomes anyone interested in learning more
about the company to visit their new web site at
http://paradigmoil.com/.
About Paradigm Oil and Gas, Inc.
Paradigm Oil and Gas Inc. (OTC Pink: PDGO) Paradigm Oil and Gas
is a leading service provider to the oil and gas industry with
expanding operations in oil and gas production. Paradigm is a
growing oil and gas producer, currently holding 30 leases with
nearly 300 wells. Paradigm has secured and is aggressively pursuing
additional land options that will significantly increase its oil
and gas production capabilities. To be added to Paradigm's mailing
list, please email: Vince@paradigmoil.com
Forward Looking Statements
This release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E the Securities Exchange Act of 1934, as amended and
such forward-looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words
such as "may," "future," "plan" or "planned," "will" or "should,"
"expected," "anticipates," "draft," "eventually" or "projected."
You are cautioned that such statements are subject to a multitude
of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors, and other risks.
Paradigm Oil and Gas, Inc., is a company with limited experience in
the oil and gas industry. At the time of this release Paradigm Oil
and Gas, Inc. lacks the financial capabilities to meet its
financial obligations and its management expects to dilute the
Company's shares to raise the necessary operating capital. Based
upon industry standards Paradigm would be considered highly
speculative and lacks any competitive advantage over its
competition. Additional risks you should consider are that this
list is limited and additional risks not mentioned may apply:
failure to meet Paradigm's financial and contractual obligations,
Paradigm's managerial errors made based upon the Company's limited
experience and knowledge of the industry, commodity risk, acts of
God and regulatory risk. You should consider these factors in
evaluating the forward-looking statements included herein, and not
place undue reliance on such statements.
Contact:
Vince Vellardita, President
Paradigm Oil and Gas, Inc.
Vince@paradigmoil.com
1-727-595-8101
Source: Paradigm Oil and Gas, Inc.
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