The Company has posted its first revenue during the past 2nd quarter in over four years and anticipates continued growth as wells are turned back on. The Company as of September 30, 2014 has 23 producing wells with 1170 barrels in the tank which are ready for pickup and are booked as reserves and receivables at $104,218.00 and would have been booked as revenue but the pickups and payments were not made by September 30, 2014. During the September 30, 2014 quarter, the company sold reserve interest and equipment for an additional $70,000 in revenue recognized in our Consolidated Balance Sheet. The Company hired MKM Engineering out of Dallas, TX to review and appraise oil and gas interest on five of our leases and five producing wells. They used old production review history and geologists reports on underground reserves. The evaluation came out to a value of just over five million dollars in assets and should generate over 3.5 million dollars in net proceeds over the next several years. Paradigm plans on having another 23 leases and 70 plus wells evaluated and appraised with reserve reports and should be completed by year end 12/31/14.
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