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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....
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To: lexi2004 who wrote (56857)12/7/2006 11:53:23 AM
From: Findit  Read Replies (1) of 59879
 
Lexi - PAPO up nicely last couple days. No news. Now .02 +43%. HOD is .023. Still holding some from way back. Jim

Edit there is news - Pangea Petroleum Corporation (OTCBB:PAPO) announced today results for the recent recompletion of its well in Liberty County, Texas. The initial zone in the well was placed on production in November 2004 and after producing for two years, reached its economic limit last month. The well was recompleted in the second zone and placed on production at a rate of 162 thousand cubic feet per day at the end of November. Pangea owns a 5% working interest (3.75% net revenue interest) in the well.

"The new well rate is a six fold increase in production for this well, over what it averaged in 2006. The timing for this additional production is excellent, as it is taking place at the time of year when natural gas demand and pricing normally increases," notes Mark Weller, President of Pangea. "This is another addition to the Company's production and revenue this fall and since this zone is considerably larger that the first zone, it should be a solid contributor for several years."

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.
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