Pacific Energy & Mining Company Announces Farmout Agreement

(firmenpresse) - RENO, NV -- (Marketwire) -- 09/14/11 -- Pacific Energy & Mining Company announces that it has entered into a Farmout agreement with QEP Resources Inc. for its acreage in Uintah County, Utah. Pursuant to the terms of the Farmout Agreement, QEP Resources Inc. is to drill a horizontal well to test the Greenriver formation. Pacific Energy & Mining Company will be carried on the test well. Pacific Energy & Mining Company (PINKSHEETS: PEMC) is the operator of the properties.

About Pacific Energy

Pacific Energy owns interests in the Greater Cisco Oil Field, the Brennan Bottom Oil Field, the Johnson Bottom Unit and Cedar Rim Oil Field. Pacific Energy Operates oil wells in the Greater Cisco Field and the Greentown Fields in Grand County, Utah.

Disclaimer

The foregoing contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or further changes make it clear that any projected results (expressed or implied) will not be realized.



Contact:
Pacific Energy and Mining
(775) 852-7444

Worldwide Financial Marketing, Inc. USA
Investor Relations
Int'l 954 360 9998
US 866 360 9998

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Bereitgestellt von Benutzer: MARKET WIRE
Datum: 14.09.2011 - 10:30 Uhr
Sprache: Deutsch
News-ID 65714
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RENO, NV

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Oil & Gas

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