This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Paradigm Oil And Gas, Inc. Closes Transaction To Combine Assets With Energy Revenue America, Inc.

Stocks in this article: PDGO

DALLAS, March 28, 2013 /PRNewswire/ -- (OTC PINK: PDGO) and (OTC PINK: ERAO) Vince Vellardita, President of Paradigm Oil and Gas Inc. announced today that Paradigm Oil & Gas and Energy Revenue America signed a definitive agreement to merge certain assets from both companies' by the way of  a Stock Share Agreement.

"By combining certain assets of both companies; gives us a much stronger foothold in the Oil & Gas Industry," stated Vince Vellardita, President of Paradigm Oil and Gas Inc., and Energy Revenue America, Inc. 

The transaction is closed; Paradigm Oil and Gas Inc.'s management expects to dividend the shares received from ERAO to PDGO shareholders of record as of April 15, 2013.

Now, with the closing of this transaction, both Companies will have wells of Oil & Gas and nearly 3,000 acres of land leases.  In addition they also have a technology Company that has contracts to fulfill for oil wells from Oklahoma to Texas.

What does this mean for both PDGO and ERAO?  Simple: GROWTH and POTENTIAL REVENUE!  We believe it will afford us three revenue streams.  The first being Oil production, the second being natural gas production and finally, the proven technology from the Centurion which should be highly profitable service based income. 

Here is the estimated basis in which management is working off is:



Oil Production & Estimated Cost: Revenue estimated at $90 per barrel, lifting cost of about $45 per barrel and net about $45 per barrel. The estimated gross margin for the production of oil is expected to be about 50% depending on commodity market prices.

Gas Production & Estimated Cost: Revenue estimated about $3.35 MCF, cost about $2.08 MCF and net about $1.27 MCF. The estimated gross margin for the production of Natural Gas Production is expected to be about 37.9% depending on commodity market prices.

Centurion Technology working a 40 hour week at $150 per hour earns about $6,000 per week with estimated operating cost of $2,750 per week, expected to Gross Margin about $3,250 per week without additional services added.

"I am thrilled to be working with Vince Vellardita and the Paradigm Oil & Gas team.  What they do for the venture; enables me to focus on the development and production of our Oil & Gas Company, which increases Shareholder value and allows me to live my dream of potentially building the one of the largest Oil & Gas Companies in the Mid West," stated Charley Havens, CEO of Energy Revenue America, Inc. 



1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,672.60 -141.38 -0.79%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs