Pacific Oil Co. (POIL)Pacific Oil Company is a United States Corporation with producing energy projects that are located in Saskatchewan Canada. The company is currently focused on growing organically through further development of existing assets and inorganically through the acquisition of projects that demonstrate positive metrics. All potential acquisitions must contain the opportunity to unlock upside potential through optimization, efficient operation and reduced administrative overhead.
The management of Pacific Oil is committed to aggressive growth but is mindful to not over stretch available capital and operational man power. Inorganic Growth will come from the acquisition of undervalued properties that exhibit positive metrics and present the opportunity for the organic growth mentioned above Projects
The Sundance Project Location: Maidstone, Sask., CAN Type of project: Heavy Oil Status: Producing Number of wells: 12
The Sundance Project is a producing heavy oil play located in Saskatchewan Canada. It consists of eleven heavy oil wells plus one revenue generating waste water disposal well.
The Lacadena Project Location: Shackleton, Sask., CAN Type of project: Natural Gas Status: Shut in for maintenance Number of wells: 27
Consisting of 9600 acres of prime energy rich land within the prolific Western Canadian Sedimentary Basin, the Lacadena Project currently contains 27 natural gas wells. Recent News Pacific Oil Company Announces Intentions to Reactivate 17 Natural Gas Wells in Saskatchewan, Canada
LAS VEGAS, NV–(Marketwired – Feb 19, 2014) – Pacific Oil Company (“Pacific Oil”) (OTC: POIL), is pleased to announce that it intends to reactivate 17 natural gas wells to take advantage of higher natural gas prices. The wells targeted for reactivation are part of Pacific Oil’s 27 well 9600 acre Lacadena Project located near the town of Shackleton within the province of Saskatchewan.
Ed Loven, Vice president of Pacific Oil, said, “With Natural Gas prices over $5 now is the time for Pacific Oil to capitalize on our meaningful natural gas footprint within the province of Saskatchewan. With its 27 wells situated on 9600 energy rich acres, the Lacadena Project is a significant part of Pacific’s revenue strategy moving forward and we are now on the path to realizing the projects full potential. Our goal is to act swiftly in bringing these wells back online so that they may have an immediate impact on our bottom line. more Pacific Oil Company Enters into Negotiations to Purchase a 64% Working Interest in 12 Heavy Oil Wells in Maidstone Saskatchewan Canada.
LAS VEGAS – February 11, 2014 – Pacific Oil Company (“Pacific Oil”) (OTC: POIL), is today announcing that it has entered into negotiations to purchase a 64% working interest in 12 producing heavy oil wells in Maidstone Saskatchewan Canada. The wells are being purchased out of bankruptcy with the trustee being represented by Sayer Energy Advisors.
Ed Loven, Vice president of Pacific Oil, said, “It’s no secret that as a company we like heavy oil in this area due to managements experience with the commodity, expertise in its production and preexisting relationships in the vicinity. The purchase of these producing assets at a significant discount is just the opportunity we have been looking for in this prolific area. Once this transaction is complete it will represent a significant uptick in Pacific Oils net asset value. more Contact Info
9500 W. Flamingo Rd. Suite 205 Las Vegas, NV 89147 Website http://www.poil.us Phone 702-525-2024 Email info@poil.us OTC Market Tier OTCQB Market Value 39,337,657 USD a/o Feb 24, 2014 Transfer Agent Pacific Stock Transfer Co
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