Pacific Asia Petroleum, Inc. (fka PFAP)

[loualbert]

25,000 Barrels Per Day

Eni starts production of the Oyo oil field, in the Nigerian Deep offshore

The field has the ability to initially produce at a rate of approximately 25,000 barrels of oil per day (bpd) from two subsea wells in a water depth of 400 meters

(Link below for full press release)

http://www.eni.com/en_IT/media/press-releases/2009/12/2009-12-15-eni-starts-production-oyo-field-nigerian.shtml

As per Pacific Asia Petroleum press release (Nov 23), PAP will acquire 60% of this asset.

http://www.papetroleum.com/news-2.html

Price of Oil as of 10AM is $69.76 per barrel.

At 25,000 barrels per day, the math is obvious.

Posted by Humanity Worldwide

Link below for PAP performance YTD and PAP vs. other Micro Cap Energy Companies and other Asian-based Micro Cap Energy Companies.

http://www.humanityworldwide.com/clients.htm