Replies to post #1052 on Pacific Energy & Mining Co (PEMC)

[monda2frida]

Brennan Bottoms Oil Field

Pacific Energy Owns a non operated working interest in the Brennan Bottoms Oil Field. The field
consists of approximatley 1600 acres and is operated by Mar/Reg Oil Company and QEP
Exploration Inc. Additional develpment of the field is to take the place through horizontal
drilling to develope the reservoir. Two horizontal wells have been drilled to delineate
the field.

[lytnup]

PEMC owns a lot of things, but can only do 3 things that will benefit all shareholders ( and not just some, as has been the case for the last 4 years ) :

1). be acquired - hasn't happened, no indication that it will happen

2). distribute earnings to shareholders - hasn't happened, highly unlikely that it ever will

3). buyback common stock with proceeds from oil and gas sales - hasn't happened, unlikely to happen in the future .

the company has been dark for 3 years, has not made material information public, is delinquent on its filings, and makes no attempts to keep it share holders informed.

it is controlled by a couple of guys that have their hands in a number of other nano cap stock companies, and they answer to no 1 but themselves.

until that changes, this has been, and remains, a lousy investment.