Paco Integrated Energy Inc. Introduces New CEO; Relocates Head Offices
August 26 2009 - 11:45AM
Marketwired
Paco Integrated Energy Inc. (PINKSHEETS: PACO) (FRANKFURT: 4IP1),
an exploration company focused on purchasing under valued oil and
gas leases, has recently appointed Mr. George Hammer as the
company's new President and CEO as part of the corporations
restructuring initiative.
In addition the company has moved their head offices to:
17304 Preston Road
Suite 800
Dallas, Texas, 75252
Telephone: 972-415-2053
Fax: 972-733-6801
Mr. Hammer is in the process of assessing the company's current
and past operations and assets and will provide a corporate update
once his assessment is concluded via press release or on the
company website at www.pacopetroleum.com
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 the United States. Its experienced technical team
then increases the leases production thereby significantly
increasing the value. PACO concentrates its efforts developing
under valued well communities into micro scale production
facilities. Paco will acquire oil and gas asset with proven past
production history and proven reserves behind pipe to minimize
initial investment risk.
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.
www.pacopetroleum.com
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.
Contact: George Hammer President PACO Integrated Energy Inc.
972-415-2053 www.pacopetroleum.com
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