Paradigm Oil and Gas Inc (PDGO)

[tdbowieknife]

From the TRRC reports I see Paradigm sold 161 barrels from the Texas leases and for the LA leases for July and August (Vince still hasn't reported Sept. production) 99 from the Lucy Lee with 20.836% WI for 20.6 barrels and 177 barrels from the Mini Travis with 29.5% WI for 52.2 barrels. I doubt September will be much if anything going by the past production of these wells.

That totals 211.1 barrels for the quarter that was sold. That would be around 211.1 x 90 = $11,999 in revenue from oil sales. That's Piss Poor considering all the now obvious Bullshit PR's Vince put out.

There is from what I see in the TRRC and LA production reports 1230 barrels in the tanks. A little more than is being reported. Most of that oil has been accumulating since May of this year with 40-50% of it in the tanks when the Leases were transferred to Paradigm Operating that month.

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