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Politics : Gold and Silver Stocks and Related Commentary

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From: Aragorn1968	8/10/2005 10:24:15 AM
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POGI - oil sands play for 14 cents ! They are DRILLING. POGI Paradigm Oil & Gas Inc, is Pleased to Announce the Operators of the Sawn Lake Heavy Oil Project Expect to Drill in July 2005 POGI Paradigm Oil & Gas Inc, is Pleased to Announce the Operators of the Sawn Lake Heavy Oil Project Expect to Drill in July 2005: "POGI Paradigm Oil & Gas Inc, is Pleased to Announce the Operators of the Sawn Lake Heavy Oil Project Expect to Drill in July 2005 CALGARY, Alberta--(BUSINESS WIRE)--July 5, 2005--The Board of Directors of Paradigm Oil & Gas, Inc. ('Paradigm' or 'the Company') (OTCBB:POGI), is pleased to announce that drilling on the Sawn Lake heavy oil project in northern Alberta is set to commence in July 2005. - A recent conference call hosted by the operators of the Sawn Lake heavy oil project targeted drilling to commence in July 2005 - Paradigm has been served with AFE's by the operator for the drilling and completion of a horizontal well and the drilling of a vertical well - The first well will be drilled at the SE 1/4 of section 36 TWSP 91, Range 12 W5M - This well will be drilled vertically to allow coring and logging in the oil sands of the blue sky formation - The operator has approved budget to drill 15 new horizontal wells in the next 12 months - A recent Rider Scott report estimates a bitumen resource in place of over 800,000 MSTB utilizing volumetric calculations - The type of oil sands that is expected from the Sawn Lake project are insitu, which allows for cold production using pumping and drilling techniques - The oil sample taken from the project shows a 9.61 degrees API with a live oil viscosity of 17300 centipoise. ABOUT HEAVY OIL IN ALBERTA - Alberta has huge deposits of oil sands that underlie 140,800 square kilometers (54,363 square miles) of the province. These deposits are separated into th"

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