PAPO - Pangea Petroleum Corporation Message Board

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Gold/Mining/Energy : PAPO - Pangea Petroleum Corporation

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To: jmhollen who started this subject	7/23/2004 2:05:13 PM
From: jmhollen	of 20

Pangea Petroleum Announces Drilling Participation in Colorado County, Texas, Well (Source: BusinessWire) 05/04/04 09:05 Pangea Petroleum Corporation (OTCBB: PAPO), announced that it has signed an agreement with Everest Resource Company to purchase a 10% working interest (7.5% net revenue interest) in a prospect well in Colorado County, Texas. Drilling on the well should start in the 2nd quarter of 2004. The initial well will be a 7000' test through nine Yegua sand intervals. In addition, Frio and Miocene sand production is present in the immediate area and may also be encountered above the Yegua in this location. "We are pleased to be participating in this well," stated Mark Weller, President of Pangea, "This is an excellent prospect with multiple objective sands and it fits well with Pangea's evaluation objectives." Pangea Petroleum Corporation (www.pangeapetroleum.com) is a Texas-based independent diversified crude oil and natural gas exploration and production company. Pangea's primary focus is to explore for, produce and sell oil and natural gas by establishing production reserves through exploration and acquisitions. Pangea's niche or specialty is the small or moderate operations that do not fit the strategy of the larger oil and gas producers, but are none-the-less contributors to the US energy supply. SOURCE: Pangea Petroleum Corporation Pangea Petroleum Corporation Charles B. Pollock, 713-706-6350 .

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