PACO Oil and Gas Corporation has acquired 80 acres on the Red Fork lease properties (Oklahoma). The properties have 6 oil and gas wells located in the lower formation that the company initially intends to re-work.
In addition, management reports that there are 10 new wells that also will require drilling. PACO Oil and Gas has been aggressively pursuing under-valued oil and gas properties for exploration and exploitation. The company is currently evaluating the properties and has procured equipment to begin drilling after satisfactory evaluation is complete.
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