SAN FRANCISCO, Feb. 1, 2010 (GLOBE NEWSWIRE) -- Emerging Growth Research, LLC, a leading independent research and analysis firm, today issued a new research report on Pacific Asia Petroleum, Inc. (NYSE Amex:PAP). The report closely examines the pending close of a transaction related to the Nigerian Oyo oilfield. The contract, which is expected to close before the end of the quarter, gives the company a 60% ownership in a producing offshore oilfield.
“Based on expected upcoming events, a significantly larger future revenue stream and strong expected cash flows, we believe shares of PAP are significantly undervalued,” commented Joe Noel, the author of the report at Emerging Growth Research, LLC. “PAP is still relatively unknown among the investment community, but we believe this will change shortly with the close of the Nigerian Oyo oilfield asset acquisition.”
The full report can be accessed at http://www.joenoelstocks.com/category/stocks-covered/pacific-asia-petroleum-inc-pap/ .
About Emerging Growth Research, LLP
Emerging Growth Research, LLP is like no other financial services or financial communications firm in the industry today. We combine elements of independent stock analysis, merchant banking, and management consulting into a unique service offering that serves both investors and corporate issuers. The principles at Emerging Growth Research are senior securities industry and corporate executives, all of whom possess at least 20 years of experience.
About Pacific Asia Petroleum, Inc.
Pacific Asia Petroleum, Inc. (NYSE Amex:PAP) is a U.S. publicly-traded energy company engaged in the development, production and distribution of oil and gas with a focus on early cash flow, high return projects. The Company controls the rights to significant gas acreage under contract in China and is a strategic partner with several major energy companies in high-value oil fields in China. The Company was founded in 2005 by a group of senior Texaco executives and is led by President and CEO Frank C. Ingriselli. Pacific Asia Petroleum is headquartered in Hartsdale, New York, and also has offices in Beijing, China and California.