SOURCE: Paxton Energy, Inc.

October 09, 2007 12:36 ET

Venture Research LLC Issues Pittsburg Initiation Report on Paxton Energy, Inc. (OTC: PXTE.OB) With $2.00 Price Target

STAMFORD, CT--(Marketwire - October 9, 2007) - Paxton Energy, Inc. (OTCBB: PXTE) -- The micro-cap energy space is ripe for new, emerging companies to take prudent steps to expand their business. "The long-term outlook for the price of oil is likely to be higher in 2-3 years than it is now," said Clay Mahaffey, CFA, President of Venture Research LLC. "The micro-cap sector has a number of early stage developmental companies that might show very high growth rates with drilling success. Paxton Energy, Inc. has an attractive mix of low risk and high potential targets in South Texas. Their current undervaluation is likely due to a lack of awareness, which the Company is working to rectify. They are putting the pieces together step-by-step to build a company that has very substantial income-generating potential."

A copy of the report can be obtained from the Company's website by clicking on the following link: www.paxtonenergyinc.com/PittsburgResearch/index.php

Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. Copying, faxing, replicating, or quoting from this report without permission is in direct violation of copyright laws.

The analysts contributing to this report do not hold any shares of PXTE. Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. Venture Research LLC certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analyst in the report. Additional information on the securities mentioned in this report is available upon request. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change. In the purview of Section 17(b) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention to the fact that the Company paid a cash fee of $5,000 for preparation of this report.

About Paxton Energy, Inc.

Paxton Energy, Inc. is an energy exploration and development company with minority working interests in the Cooke Ranch area of La Salle County, Texas, all operated by others. Paxton has up to a 31.75% working interest in the Cooke Ranch 8,884 gross acre lease and up to a 75% working interest in the Storey Ranch 2,268 gross acre area located in La Salle County, Texas.

For further information, please visit Paxton's website at www.paxtonenergyinc.com or call toll-free 866-972-9866.

Contact Information

  • For additional information contact:
    Clay Mahaffey, CFA
    203-355-0500

    Paxton Energy, Inc.
    866-972-9866
    www.paxtonenergyinc.com