ATLANTA, Aug. 9, 2007 (PRIME NEWSWIRE) -- OTC Stock Review announces that it has published a report on Paxton Energy, Inc. (OTCBB:PXTE). Paxton Energy, Inc. headquartered in Carson City, Nevada drills for high quality sweet crude oil and high BTU natural gas on a large land position in the productive Cooke and Storey Ranches located in La Salle County, Texas. With over 11,000 acres available, Paxton Energy, Inc. has accumulated a large amount of drilling and seismic data, and is now producing from several oil and gas wells on the properties in Texas.
In our opinion, with the data assimilated and the ground work complete, investors could reap big rewards from owning the stock at these levels. Since Paxton Energy, Inc. has sufficient cash to execute its current business plan, no debt, and ongoing drill programs in proven pay zones, the stock looks to be a tremendous opportunity.
Paxton Energy, Inc. explores for and produces oil and gas in the Cooke Ranch Field, located in La Salle County, Texas. This prolific field contains several dozen producing oil and gas wells from four shallow pay zones that have yielded over 18 billion cubic feet of natural gas and 1 million barrels of oil since 1959. Paxton Energy, Inc. also a has a 75% working interest in the Storey Ranch prospect, 2,268 acres of leases acquired within the Area of Mutual Interest in Q2 '06. The AMI leasehold adjoins the 8,884 acre Cooke Ranch Project for total leasehold interests of more than 11,000 oil rich acres.
Paxton Energy, Inc.'s partner on Cooke Ranch is Bayshore Exploration, an independent Houston oil company that has discovered four new oil and gas fields on Cooke Ranch since 1985. Currently, Paxton Energy, Inc. has five prospects on the Cooke Ranch.
Investors are encouraged to download a complimentary copy of the report at http://www.otcstockreview.com/Files/PXTE/PXTE_Review.pdf.
For further information, please visit Paxton's website at http://www.paxtonenergyinc.com or call toll free (866) 972-9866.
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