Could BlackStorm Mean Black Gold for $PDGO?
May 4th, 2010 at 10:22 am Posted by
Paradigm Oil and Gas, Inc. (OTC: PDGO.OB) is looking to identify and acquire energy properties with previously discovered and known oil and gas reserves that have either not been fully produced or fully developed.
The company has acquired properties covering more than 900 acres in Texas. $PDGO currently has a total of 9 existing wells and, reportedly, has the space to support the drilling of approximately 30 new wells in the 3,800 to 9,000 foot range and 50 new wells in the 80 foot range.
$PDGO expects to generate profits utilizing new technologies in areas known for previous production.
A week ago, $PDGO announced their intentions to acquire worldwide distribution and marketing rights to the BlackStorm Production System.
This system is not only new and patented but is also believed to easily recover oil from previously discovered reserves that have not been fully produced.
That news was followed by a press release telling the world of penny stocks the market potential of the BlackStorm Oil Recovery system. This PR goes on to explain that 2 out of 3, or 67%, of new barrels of oil discovered in the U.S. remains trapped underground after “conventional recovery operations.”
Additionally, $PDGO‘s CEO Marc Juliar reports there’s more than 200 billion barrels of oil left in the ground. This has The Dean wondering, “Could BlackStorm deliver black gold for $PDGO?”
Despite the fact that this company hasn’t seen news since last Wednesday, $PDGO has traded nearly 600,000 shares and into the green by as much as 11.9% to $1.60 this morning.
The Dean suggests all of his students keep an eye on this one because news just might be around the corner.
