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Pacific Energy & Mining Co. Retains Independent Auditor
| Source: Pacific Energy & Mining Co.
RENO, NV -- (MARKET WIRE) -- April 26, 2007 -- Pacific Energy & Mining Co. (PINKSHEETS : PEMC )
announced today that it has retained an accounting firm to review the
Company's financial records.
One of the immediate goals of Pacific Energy, Inc. is to complete an
independent audit of its financial statements in order to file it with the
Securities and Exchange Commission as a fully reporting issuer. The Company
intends to seek the listing of its common stock for trading on the Bulletin
Board.
Pacific Energy & Mining is a diversified company with oil and gas interests
in Utah through its current acquisition of the assets of Colorado Utah
Natural Gas, Inc., a 7% working interest in the Brennan Bottoms Oil Field
in Uintah County, Utah, and a 50% revenue interest in the Cisco Springs Oil
Field in Grand County, Utah. Additionally the Company owns a 16.67%
interest in Mar/Reg Investments, a General Partnership, through which it
holds working interest in oil wells in Altamont Bluebell Oil Field in Utah
and interest in numerous non-operated oil and gas wells in Oklahoma.
The Company would also like to welcome all new shareholders present or
future to visit our website at www.pemc.us
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.