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popcorn: do you or anyone on this board for that matter, have a clue where DVFI fits into this POCO picture, assuming it does?
I mailed the company and asked for an update on their oil and gas production. I think some one who knows the oil and gas industry could get the production numbers reported to the State.
Ill post any replies I get on this Board.
Well at least they followed through by actually issuing shares of POGC to us WWNG shareholders. Maybe it will actually be worth something at some point ? I'll try to sell mine probably buy some more GSPG :)
Anything is better than the nothing that we had before unfortunately.
That seems like they needed to do this for the 1:1
buyout of WW Oil and Gas but the end result was a
700% dilution.
How did they communicate to shareholders the number of shares in circulation would increase from 73M to 500M? That does little to increase share value or confidence?
So far they do everything by the book as far as
communications beyond what is contained in thier PR's.
Try to contact thier CEO or a PR person and let us know how you make out?
Thanks Apophis, perhaps PACO management will post info on this hub?
We know very little and they will not talk to shareholders
about anything. I have not recieved any callbacks after several attempts. I wish I had more information for you but you can look at thier website and see if you can get a response from the management team.
Apophis, do you know this company? Is it a buy or sell? I wonder why volume is so low when there are said to be 500,000,000 shares in circulation?
PACO OIL & GAS INC. ANNOUNCES COMPANY NAME CHANGE
Sherman, Texas—January 13, 2009—Paco Oil & Gas Inc.(OTC:POGC) (GR:4IP)—board of directors has confirmed that the company will change its name to Paco Integrated Energy Incorporated. The name change is reflective of the companies recent acquisition of WW Oil & Gas Inc and its intention to become more diversified in areas such as alternative energy resources.
Existing Paco Oil & Gas Inc. share certificates will be automatically recognized under the new company name and cusip number. Shareholders are not required to surrender their certificates.
Paco shares have hit my fidelity account
hopefully they will have some value in 6 months.
Anybody heard anything about any negotiations with existing DVFI share holders for a DVFI to POGC exchange of shares?
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Paco Integrated Energy
http://www.pacopetroleum.com/site/home
Paco Integrated Energy is an exploration company focused on purchasing under valued oil and gas leases with little or no production in the United States. Its experienced technical team then increases the leases production thereby significantly increasing the value.
Paco Integrated Energy concentrate it's efforts developing under valued well communities into micro scale production facilities. These working assets have all been refurbished and outfitted with the latest in oil recovery equipment. Since many of these assets are shallow wells, former owners were technically unable to reach deeper deposits. PACO has the technical team to go further and more efficiently.
718 Highway 82 East.
Sherman, Texas.
USA 75090
Phone: 940-634-1839
Our first oil & gas acquisition was the Fox Lease located in Washington County, Oklahoma. Since its acquisition in June, 2007, PACO has managed to increase its valuation by over 300%.
http://www.pacopetroleum.com/site/projects
Press release:
http://www.pacopetroleum.com/site/press
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