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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Pacific Energy and Mining Co (CE) | USOTC:PEMC | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0011 | 0.00 | 00:00:00 |
An operating Unit involves interest owners in numerous contiguous leases producing in the same reservoir combining their interests into one production Unit. PEMC will benefit from the production from the other leases.
Questar currently has one well permitted and expects to commence drilling in the newly formed Unit this fall.
For further information on the Unit agreement visit www.pemc.us
PEMC has withdrawn its Letter of Intent to sell oil and gas interests from its holdings in Grand County, Utah to BayHill Capital Corporation (OTCBB: BYHL). The Company has determined other properties participating in the venture were not sufficiently viable to properly benefit the shareholders of PEMC.
About PEMC
The Company through a General Partnership holds working interest in oil wells in Cedar Rim Oil Field in Utah and working interest in numerous non-operated oil and gas wells in Oklahoma. Additionally PEMC owns interest in Brennan Bottoms Oil Field in Uintah County, Utah, and interests in oil and gas fields in Grand County, Utah.
Disclaimer
The foregoing contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or further changes make it clear that any projected results (expressed or implied) will not be realized.
Contact: Worldwide Financial Marketing, Inc. USA Investor Relations Int'l 1 954 360 9998 US 866 360 9998
1 Year Pacific Energy and Mining (CE) Chart |
1 Month Pacific Energy and Mining (CE) Chart |
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