EUSTACE, Texas, November 5, 2013 - Paradigm Oil and Gas, Inc. (Paradigm) (OTC PINK: PDGO), a leading service provider to the oil and gas industry with expanding operations in oil and gas production, today proudly announced the appointment of Mr. William A. Sawyer to its board of directors.
Mr. Sawyer is President of Cumberland Oil and Gas, as well as CEO and Managing Partner of Rampart Development & Investment Partners. His distinguished career in the energy industry spans more than 39 years, including diversified experience with firms such as ARCO, The Superior Oil Company, and Lucas Energy, Inc. A renowned and trusted oil and gas consultant and licensed professional engineer, Sawyer founded and remains president of Exploitation Engineers. In 2004, he co-founded Lucas Energy, and served as its President and CEO from 2009 until December 2012. Mr. Sawyer holds a Bachelor of Science in Chemical Engineering and a Master's Degree in Business Administration.
"Paradigm has immense potential, as much as any company I've worked with," Sawyer stated. He went on to say, "I couldn't pass up the opportunity to be a part of its promising future." An enthusiastic Vince Vellardita, Paradigm Oil and Gas President and CEO, was quick to point out that Sawyer's expertise is highly sought after by investors, oil producers, banking institutions, major energy and chemical companies, and even the United States government for which he was an expert witness for many years. Vellardita summarized, "We're humbled to have a man of his stature on the team. His proven ability to identify low-risk, high return properties will be of great strategic value to the Company."
With 4 wells on-line and producing oil, Sawyer’s appointment reinforces the Company's commitment to increasing cash flow through the critical selection and development of cost effective, oil producing opportunities from the nearly 200 wells in its current portfolio.
Paradigm Oil and Gas welcomes anyone interested in learning more about the company to visit their new web site at www.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's Support Services Division includes a fleet of advanced "Centurion" mobile drilling platforms which feature exclusive oil recovery technology, as wells as bulldozers, graders, water trucks, and environmental equipment. Specializing in the use of advanced recovery techniques to make producing and non-producing wells profitable, Paradigm is a growing oil and gas producer, currently holding 23 leases with nearly 200 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.
Vince Vellardita, President
Paradigm Oil and Gas, Inc.
SOURCE Paradigm Oil and Gas, Inc.