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Pacific Energy & Mining Receives Offer to Sell Interest in Uintah Basin
| Source: Pacific Energy & Mining Company
RENO, NV -- (MARKET WIRE) -- May 4, 2007 -- Pacific Energy & Mining Co. (PINKSHEETS : PEMC ) has
received an offer to sell its working interest in its Uintah Basin Oil
Field. The company is currently evaluating the offer. No terms were
disclosed.
The company continues to place additional wells on production from the
Colorado Utah Natural Gas acquisition.
Pacific Energy & Mining is a diversified company that operates oil and gas
leases throughout Utah. It also has non-operated interests in Utah and
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.