Pavilion Energy Resources, Inc. (OTC: PVRE) Auditors Appointed
BEVERLY HILLS, CA -- (Marketwire) -- 07/15/09 -- Pavilion Energy Resources, Inc.
(PINKSHEETS: PVRE) (the "Company") announces that the Company has appointed Auditors Tavaran, Askelson & Company located in Laguna Niguel to serve as Auditors. The Company expects to file completed historical quarterly and annual reports in due course.
PVRE is an independent oil and gas company which is positioning itself to generate earnings from energy production. PVRE is advancing development plans for its 75% owned speculative oil and gas projects. The Company also plans to make the jump from a junior explorer to an onshore oil producer.
SPECULATIVE OIL AND GAS PROJECTS
PVRE has secured interests in four new large-scale, speculative energy projects, which could collectively help make America "Energy Independent." Two of the speculative resources are "Clean-Energy," (Low-CO2) super-giant Natural Gas fields.
1. Arctic Commons Abyssal Claim...................(PVRE: 75%) 2. Blake Ridge Claim and OCS lease Application....(PVRE: 75%) 3. Bering Sea Abyssal Commons Claim...............(PVRE: 75%) 4. Santa Barbara Channel OCS and State Waters lease applications.............................(PVRE: 75%)
ONSHORE OIL-GAS OPPORTUNITES
Management sees a tremendous amount of opportunity in the energy sector based on recent & prevailing economic conditions. Oil field assets can be secured at bargain prices today. In response, the company will seek to acquire oil and gas reserves at a discount to their long-term price-value.
The Company's goal is to achieve short-term profitability from acquiring and producing onshore, quality light and heavy oil properties that are either cashflow positive or near cashflow positive.
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