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ParaFin Corp. (PFNO)

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http://www.ergokonzept-plc.com/index.php/en/merchandising-promotion/international-activities


 

 

http://www.parafincorp.com/ 

The potential of hydrocarbon Concessions and other opportunities in the Oil & Gas industry have continued to be the main focus of the Corporation from that time until the present. Effective March 30th, 2010, the Board of Directors of Parafin have authorized the President to negotiate the acquisition of Hydrocarbon Assets in North America. 

http://www.parafincorp.com/?q=node/23

 

 

By Farmout Agreement with Guarani Petroleum Exploration, S.A. Parafin has the right to earn an 80% interest in the Alto Parana Block consisting of 2,456,452 hectares (approximately 6.06 million Acres) in Alto Parana Province, Paraguay. 

 

The Chaco Parana Basin in Paraguay is one of the last, largely unexplored, oil and gas frontiers in the world with known hydrocarbons. It covers most of Paraguay and portions of Brazil, Uruguay, Argentina and Bolivia. In Paraguay alone it covers an area of 98,840,000 acres (400,000 sq kilometers). To date, 49 exploration wells have been drilled in Paraguay

(a country with a landmass roughly the size of California). 24 of the exploration wells (49%) have oil shows. Within the Chaco and Parana Basins are established hydrocarbon areas where oil and gas have been produced in Argentina, Bolivia and Brazil since the early 1920's.

 

HIS Energy, a US based energy consultancy, recently ranked Paraguay as the seventh best Oil and Gas fiscal regime globally, while its neighbor Argentina ranks 38th and the US 44th. Recent political and economic changes in the country, coupled with the establishment of gas imports to Southern Brazil from Bolivia, place Paraguay as an enticing area for exploration. 

 

The US Geological Survey, in its 2000 world petroleum assessment study, estimated a resource potential of 900 million barrels of oil and 4.5 trillion cubic feet of natural gas for the Chaco Basin of northern Paraguay. 

 

Parafin Corporation is seeking funding of up to $10M USD to fund operations for the exploration and exploitation of the company's 6.06 million Acre Hydrocarbon Concession in Paraguay. Parafin will use the funding to proceed to the next stage of 3D seismic interpretation to locate drilling targets and then for drilling the targeted well sites. 

 


 

 

 

 


 

 

 

 

 

PFNO Corporate Profile

 

 

 

ParaFin Issuance of Preferred Shares Paid for With Bearer Bonds
 
...On January 27, 2010, ParaFin Corporation released an annual report reflecting an asset of US$3.63 billion represented by 2,400 Bearer Bonds issued June 16, 2000 dated for redemption on June 16, 2010. The 2,400 Euro Bearer Bonds were issued by a major European Bank, have a face value of 1,000,000 Euros each and have accumulated interest at 5.5% from the issuance date. 
 
 
Bearer Bonds of this denomination and amount are typically reserved solely for and held only by banks and large financial institutions. After the original issuance, these Bonds were acquired by and delivered to a single individual. In an effort to promptly liquidate the assets of this individual's estate, the Trustee of the individual's estate negotiated the Agreement with ParaFin.
To finance the Exploration and Exploitation of the 6.06 million Acre Hydrocarbon Farm-out Agreement in the Republic of Paraguay, ParaFin Corporation was in the process of selling an issue of Preferred Shares. The Subscription Agreement negotiated by ParaFin with the Trustee for the sale of the Preferred Shares allowed the Trustee to pay ParaFin Corporation US$3.63 billion by the delivery to ParaFin of 2,400 Bearer Bonds issued June 16, 2000 dated for redemption on June 16, 2010. Under the Agreement, ParaFin is entitled to 100% of the accumulated interest owed to date.
 
 
The Preferred shares issued by ParaFin have a legend printed on the face of the Certificate stating they are "Redeemable, Retractable on Demand Non-Voting Shares Issue Price US$1,000,000 per Share... secured only by funds from the sale or redemption of the 2,400 5.5% Euro Bearer Bonds."

ParaFin retained expert Forensic Document Examiners and has done substantial due diligence regarding the Bonds over the past two years. ParaFin is now working with private consultants who are in the process of setting meetings with the top executives at the issuing Bank in order to negotiate the redemption of the bonds. Legal opinions received by ParaFin confirmed that whoever is in possession of the Bonds in hand has the right to redemption. ...


 
Although not confirmed, it's thought that the ING bond info below could be the related PFNO ING bonds mentioned above:
 
 
 
 
 
Breakdown of what PFNO's bonds are worth per share if its OS was maxed to be its rounded AS of 2,000,000,000 shares courtesy of TLETTELL  
 
Bearer bonds alone:
$3600000000 / 2000000000 shares = $1.80 cash per share

With additional 1 billion dollars in interest added:
$4600000000 / 2000000000 shares = $2.30 cash per share 

 

 

 

Video of Paraguay's Oil Potential Featuring PFNO's Consulting Geophysicist Byron R. Ayme

http://www.parafincorp.com/files/oil_video.wmv 

 

 

Transfer Agent

Transfer Online, Inc.

512SE Salmon St

Portland OR, 97214

PH: (503) 227-2950

Fax: (503) 227-6874

E: info@transferonline.com

http://www.transferonline.com/

 


 

Corporate Legal Council

Frank Hariton

1065 Dobbs Ferry Road

White Plains, NY, USA   10607

e-mail   hariton@sprynet.com

 


Auditor

De Joya Griffith & Company, LLC

http://www.dejoyagriffith.com/

2580 Anthem Village Drive

Henderson, NV 89052

Phone: (702) 588-5961

Fax: (702) 588-5979

 


 

Investor/Broker Contact

CORPORATE COMMUNICATIONS

ceo@parafincorp.com

 

Internet: http://www.parafincorp.com/

Telephone: (213) 985-3136

 


 

PFNO News

http://www.parafincorp.com/?q=news

 

PRIVATE EQUITY FIRM EXECUTES TERM SHEET TO COMMIT FOR $6M FINANCING

Thu, 03/18/2010 - 19:11

Reno, Nevada, March 18th, 2010, ParaFin Corporation (PFNO.PK): The Directors of Parafin Corporation hereby announce that Parafin Corporation and a Private Equity Firm have both signed a Term Sheet whereby the Private Equity Firm, based out of Wilmington, DE, will commit to purchase up to $6M USD of shares of common stock of Parafin.  The investor is a private equity firm that invests capital into companies in the emerging markets.

BOARD OF DIRECTORS VOTE TO REVERT TO FULLY REPORTING STATUS AND TO APPLY TO RE-INSTATE THE SHARES OF PARAFIN TO TRADE ON BULLETIN BOARD

Mon, 03/15/2010 - 01:42

Reno, Nevada, March 15th, 2010, ParaFin Corporation (Stock Symbol: PFNO.PK): The Board of Directors have voted to become fully reporting and to apply to re-instate the shares of the Corporation to trade on the Bulletin Board.  In January, 2008, the Corporation went non-reporting on the advice of Counsel and the shares of Parafin then traded on the Pink OTC Market under the symbol PFNO.PK. 

PARAFIN ISSUANCE OF PREFERRED SHARES PAID FOR WITH BEARER BONDS

Wed, 03/10/2010 - 10:05

Reno, Nevada, March 10th, 2010, ParaFin Corporation (Stock Symbol: PFNO.PK): The Directors of Parafin Corporation, In response to multiple inquiries from shareholders and potential shareholders, felt compelled to put out a statement on the company's Bearer Bond holdings.

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PARAFIN CORPORATION LAUNCHES NEW CORPORATE WEBSITE

Wed, 03/10/2010 - 07:13

Parafin Corp (OTC: PFNO) launches it's new corporate website. This website complete with company information, company news and events as well as a glossary of Oil and Gas investment terms and even a brief history of the petroleum will serve to be a place for investors to go for current company information.    


 
PFNO Management

 

SIDNEY B. FOWLDS, DIRECTOR;

Chairman of the Board.  Born  September 21, 1940, married and has two children.  Mr. Fowlds attended the University of British Columbia between 1958 and 1963 majoring in Economics and Political Science.  In 1967, Mr. Fowlds became an Ivestment Dealer and worked in all departments of the securities industry, including on the floor of the Toronto and Montreal Stock Exchanges.

 

In 1969 Mr. Fowlds was appointed Vice-President of a mining company in British Columbia. A year later he became the largest shareholder and Chairman of the Board.  Mr. Fowlds restructured the Company and formed Jordan River Mines Ltd.

Mr. Fowlds negotiated financing to place the Company's copper/gold/silver property situated at Jordan River on Vancouver Island, British Columbia, Canada into production.  Jordan River Mines, Ltd. had a plant capacity of 1500 tons per day employing in excess of 200 employees.  Copper, gold and Silver production from the mine was sold under contracts negotiated by Mr. Fowlds to smelters in both Germany and Japan.In the '80s, Mr. Fowlds diversified into the oil and gas industry and was Chairman of the Board of several public and private oil and gas companies.  As a financial consultant to Companies during this period Mr. Fowlds raised  millions of  dollars for exploration and development of land parcels in the oil and gas industry  in Louisiana, Texas, California and two multi-million acre Government Concessions in Papua New Guinea.  In 1989, as a result of the downfall of the world price of oil and gas, Mr. Fowlds changed the direction of the Company to Telecommunications, voice technology and the PC computer industry.  The Company developed the E.T. _TeleManagement_ 1 900 and 1 800 and VoiceMail systems, raising more than $5 million for research, development and marketing.

From 1996 until the present Mr. Fowlds returned to the Oil & Gas industry.  The potential of hydrocarbon Concessions  and other opportunities in the Oil & Gas industry have continued to be the main focus of the Corporation from that time until the present.  

 

Mr. Fowlds is a Founder Member of the Tournament Players Club at Sawgrass in Florida and is a strong supporter of golf charities and amateur golf.

 

JOHN JOHNSTON, DIRECTOR.

Retired.  Real Estate developer.  Former part owner of golf club manufacturing company and 18 hole championship golf course.  Designed 18 hole golf course and real estate developments.  Mr. Johnston is a former  winner of the Canadian Amateur Golf Championship and is a member of the British Columbia Hall of Fame.

 

ROBERT M. MILLER, DIRECTOR.  Financial Consultant.

Born in St. Albans, Herts., England.  Stock broker and financial and real estate consultant in London, England; Brisbane, Australia and Vancouver, B.C., Canada.

 

ANTHONY V. FEIMANN, Secretary-Treasurer.  Financial Consultant.

Mr. Feimann graduated with a Bachelor of Arts degree in Econometrics from the University of British Columbia in 1963.  This included one year of post-graduate work.  Mr. Feimann worked for a national firm of Chartered Accountants for five years.  He then started his own economic consulting company.

 

BYRON R. AYME, B.Sc., Consulting Geophysicist

Mr. Ayme is a consulting Geophysicist (Bakersfield, CA) His reports for Parafin Corporation have been based on the Alto Parana and San Pedro Blocks which is detailing seismic data obtained from the ministry in Paraguay as well as published reports on the area. This report consisted of a 14 day visit with Dr. Fernando Wiens, Ph.D. in Geology and consulting geologist residing in Asuncion, Paraguay. Additional materials used for his research and analysis consisted of internal reports on the Alto Parana Block commissioned by Texaco when they were operators of the block. Other information was derived from interviews with colleagues from Occidental Petroleum Company, experienced in these regions. Mr. Ayme holds no investment, directly or indirectly in the Alto Parana and San Pedro Blocks or in the Parafin Corporation. 

 


 

PFNO Contact Information

http://www.parafincorp.com/?q=node/1

5190 Neil Road, Suite 430

Reno, Nevada 89502

Telephone: (213) 985-3136

Facsimile: (866) 613-3131

Internet Web Site: http://www.parafincorp.com

E-Mail: ceo@parafincorp.com

 

Investor Information


 

 

 

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PostSubject
#28146  Sticky Note *NEWS PFNO BONDS UPDATE* READ ALIENZ 09/01/14 07:56:03 AM
#27607  Sticky Note PFNO Plans, Current Information and Connections grifter_24 08/16/14 11:33:11 PM
#27551  Sticky Note ERGOKONZEPT NEWS PER FACEBOOK: TMONEY 08/14/14 11:38:35 PM
#23836  Sticky Note INTRODUCTION TO ERGOKONZEPT GROUP, PLANS FOR PFNO $UPERMAN 06/10/14 12:38:38 PM
#23812  Sticky Note What move are you expecting ? zomniac 06/09/14 10:44:48 PM
#21304  Sticky Note PFNO ING Bonds zomniac 05/05/14 08:13:30 AM
#29283   Post a link. Copy and paste it janice shell 09/21/14 10:51:06 PM
#29281   Not everything on Google is true. You janice shell 09/21/14 10:46:39 PM
#29280   IHUB stock news probably process data late..think of shardy0 09/21/14 10:43:24 PM
#29279   Oh yeah. I'm sure the "j stocks janice shell 09/21/14 10:39:21 PM
#29277   Thanks for the honesty. 4th Quarter German Exchange. $UPERMAN 09/21/14 02:19:54 AM
#29276   Smart person! TMONEY 09/21/14 12:13:35 AM
#29275   On the bonds, there is a lot M D 09/20/14 11:59:43 PM
#29274   i like this stock. dmb17 09/20/14 11:58:24 PM
#29273   PFNO Recent T&S zomniac 09/20/14 03:03:08 PM
#29272   What is Your opinion on the $PFNO Bonds, MD? $UPERMAN 09/20/14 12:18:38 AM
#29271   Now that's good news hope your rite M D 09/19/14 11:47:48 PM
#29270   Not sure if I said this before but... TMONEY 09/19/14 11:35:40 PM
#29269   Thanks T M D 09/19/14 07:57:49 PM
#29268   SPOT ON, Brother TMONEY! Go $PFNO $UPERMAN 09/19/14 05:55:14 PM
#29267   http://www.ergokonzept.de/index.php/en/business-assets-en/chimera-merchandising- TMONEY 09/19/14 03:12:44 PM
#29266   & it means what for PFNO M D 09/19/14 12:37:26 PM
#29265   This is the Big Time Here bro..Huge Fight! $UPERMAN 09/19/14 12:43:24 AM
#29264   Always plenty of news given the connections. grifter_24 09/19/14 12:38:34 AM
#29263   WORLD BOXING NEWS~~~STURM VS STIEGLITZ~~~NOVEMBER 8TH $UPERMAN 09/19/14 12:22:15 AM
#29262   Any news on PFNO christoba 09/18/14 06:10:57 PM
#29261   What will happen?? Did you find a buyer Curious2u 09/18/14 11:10:05 AM
#29260   As always Superman, thank you for your DD. favor 09/18/14 09:19:14 AM
#29259   S m some of us do appreciate what M D 09/17/14 07:11:34 PM
#29258   GO PFNO! This will move when the time TMONEY 09/17/14 07:05:19 PM
#29257   Im done feeling to defend our provable DD. $UPERMAN 09/17/14 07:00:51 PM
#29256   That's a good source. Do not post it TMONEY 09/17/14 06:43:44 PM
#29255   nonsense - that's nothing but just another wild puppydotcom 09/17/14 03:48:57 PM
#29254   I have said before this will be painful $UPERMAN 09/17/14 03:39:54 PM
#29253   Wrong ALIENZ 09/17/14 03:35:26 PM
#29252   LOL.. so you say .. and that will puppydotcom 09/17/14 03:30:46 PM
#29251   Screw that -- pure garbage. I'm trading now puppydotcom 09/17/14 03:29:13 PM
#29250   I'm not afraid, but it'll be a cold Curious2u 09/17/14 03:24:35 PM
#29249   My sources tell me LionsGATE & ING Negotiating. $UPERMAN 09/17/14 03:19:57 PM
#29248   Im afraid not as long as you think. $UPERMAN 09/17/14 03:18:44 PM
#29247   They will be around for a long while, Curious2u 09/17/14 03:15:49 PM
#29246   if this hits with these bonds, many will FRAKSTER 09/17/14 02:56:54 PM
#29245   HOPE YOU GOT THE CHEAP $PFNO .0001's, Curious2u $UPERMAN 09/17/14 02:46:38 PM
#29244   Did paraffin cash in those bonds yet??? ....lol Curious2u 09/17/14 02:42:07 PM
#29243   Yeah, man -- hype based on linked press grifter_24 09/17/14 02:38:47 PM
#29242   Pure Hype? You mean Worthless Factual Proven Links. $UPERMAN 09/17/14 02:34:27 PM
#29241   Smart man ..PFNO worthless company based on puppydotcom 09/17/14 02:28:22 PM
#29240   Yeee-Haaaw for ERGO and $PFNO then. LMAO $UPERMAN 09/17/14 02:19:27 PM
#29239   Not me -- I bailed. I heard grifter_24 09/17/14 02:12:44 PM
#29238   We are all here Sharkey1, No Worries Here. $UPERMAN 09/17/14 09:42:40 AM
#29237   I do not give up on pfno,, when sharkey1 09/17/14 09:36:06 AM
#29235   PFNO could be dead? waterchaser 09/16/14 09:44:17 PM
#29234   No volume, no post, PFNO must be closed M D 09/16/14 09:24:53 PM
#29233   ERGO Also Adds Value to $PFNO, Visa-Versa $UPERMAN 09/15/14 11:33:49 PM
#29232   Ergo still moving forward. Sorry! grifter_24 09/15/14 11:08:54 PM
#29231   By now most know it's all a bunch waterchaser 09/15/14 10:57:19 PM
PostSubject