EUSTACE, Texas, Jan. 7, 2013 /PRNewswire/ -- Paradigm Oil and Gas, Inc.'s (PDGO) President, Vince Vellardita announced today that he has hired the final members of the Company's Advisory Board which will bring a wealth of knowledge and expertise to Paradigm Oil & Gas.
Mr. Vellardita has hired Mr. Britt Brooks to the Advisory Board. Mr. Brooks contributes 16 years of experience in oilfield management, drilling and oilfield finance. In addition, he brings 19 years of experience in Small Cap Finance and Public Company Advisory and many accomplishments, one being the Co-Founder, Officer and Director of TexCom, Inc., an Environmental Company that grew at a 42% rate from 2007 to 2011, reaching a revenue run rate of $11 million in March 2012 and with net profit margins of 28% in the final two months of his tenure.
Also added to the Paradigm Oil and Gas Advisory Board is Mr. Christopher P. Scully. Mr. Scully is a 36 year veteran in the oil and gas exploration/exploitation business; operating production in both onshore and offshore in Texas and Louisiana. He has drilled/participated in over 350 explorations wells in 12 States and the Country of Turkey. Some of Mr. Scully's notable accomplishments include, being the Principal in the Investment Group that took private Burlington Gas Seam Royalty Trust (NYSE) in a $140MM transaction as well as being the Principal in the Exploration Group that took PetroSearch (PSCP) public.
The Advisory Board is completed with the hire of Mr. Weldon Cude, who has been in the oilfield since his early teens, and his Companies have remarkably drilled over 6,000 wells throughout his career. Mr. Cude is the Founder of Premium Drilling, who operated 8 Oil & Gas Rigs, 6 Water Drilling Rigs and managed 400 employees with revenues exceeding $38 Million. He also founded Supreme Vacuum Services, building up to 26 trucks within 18 months. Mr. Cude is recognized for his 24 consecutive years of service as Commissioner for Atascosa County in Texas, also as Businessman of the Year in 1990, Young Citizen of the Year in 1988 and held the position of Director at The County Bank from 1990 to 1996."When I first met Vince, we discussed the future in the Oil & Gas Industry and I never realized a man from his background in the Public / Entertainment arena knew so much about our industry. We share the same vision for the future of our industry and of the United States." Christopher Scully stated, "What I like best about Paradigm Oil & Gas is the way they are positioning themselves not only to have the goal of streaming oil barrels with huge revenue potential but also in adding another revenue stream in the capping analysis and cleanup process with the Centurion technology." Weldon Cude stated, "I am very excited in joining this aggressive team of executives who have set their mission and have the vision for growth in the Oil & Gas Industry." "I have now completed the process of hiring a strong Advisory Board who will ensure that the Company moves forward with our Business Plan and other projects that will come in the near future. I'm looking forward to the start of drilling and pumping oil in the coming weeks and finding new revenue streams for Paradigm Oil & Gas; making this a well deserved and perfect year end for the Company," stated Vince Vellardita, President of Paradigm Oil and Gas. About Paradigm Oil and Gas, Inc.