Pacific Oil Company Announces Intentions to Reactivate 17 Natural Gas Wells in Saskatchewan, Canada
February 19 2014 - 8:45AM
Marketwired
Pacific Oil Company Announces Intentions to Reactivate 17 Natural
Gas Wells in Saskatchewan, Canada
LAS VEGAS, NV--(Marketwired - Feb 19, 2014) - Pacific Oil
Company ("Pacific Oil") (OTC: POIL), is pleased to announce that it
intends to reactivate 17 natural gas wells to take advantage of
higher natural gas prices. The wells targeted for reactivation are
part of Pacific Oil's 27 well 9600 acre Lacadena Project located
near the town of Shackleton within the province of
Saskatchewan.
Ed Loven, Vice president of Pacific Oil, said, "With
Natural Gas prices over $5 now is the time for Pacific Oil to
capitalize on our meaningful natural gas footprint within the
province of Saskatchewan. With its 27 wells situated on 9600
energy rich acres, the Lacadena Project is a significant part of
Pacific's revenue strategy moving forward and we are now on the
path to realizing the projects full potential. Our goal is to act
swiftly in bringing these wells back online so that they may have
an immediate impact on our bottom line."
With these reactivations Pacific Oil Company is following the
lead of other major energy producers in the area as the outlook for
natural gas continues to be strong. Pacific will update the public
with information regarding these reactivations as plans materialize
on the ground and milestones in the process are met.
About Pacific Oil Company: A Nevada based corporation, Pacific
Oil Company is a dynamic junior energy company with both
established assets and production within the energy rich province
of Saskatchewan Canada.
The company continues to add value and set the stage for rapid
success through low risk acquisitions and organic growth achieved
through further development of existing properties. Pacific Oil
fully understands that a balance must be struck between short term
profitability, increasing net asset value and the long term growth
that rewards early shareholder.
Pacific Oil operates under the notion that operational
efficiency achieved through the minimization of administrative
overhead is of the upmost importance if costs are to be kept under
control and profits maximized for investors. All capital
expenditures must provide value and risk control must be present at
all times.
Forward-Looking Statements This news release contains
"forward-looking statements" as that term is defined in Section 27A
of the United States Securities Act of 1933, as amended and Section
21E of the Securities Exchange Act of 1934, as amended. Statements
in this press release which are not purely historical are
forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
new projects and development stage companies. These forward-looking
statements are made as of the date of this news release, and the
company assumes no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements.
Although management believes that any beliefs, plans, expectations
and intentions contained in this press release are reasonable,
there can be no assurance that any such beliefs, plans,
expectations or intentions will prove to be accurate. Investors
should consult all of the information set forth herein and should
also refer to the risk factors disclosure outlined in the company's
annual report on Form 10-K for the most recent fiscal
year, quarterly reports on Form 10-Q and other periodic
reports filed from time-to-time with the Securities and Exchange
Commission
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