SOURCE: IO Circuit

July 20, 2007 06:25 ET

(OTC: PEMC) Posts Record Earnings

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO Circuit.

LAKE HARMONY, PA--(Marketwire - July 20, 2007) - For the 9 months ending June 30, 2007, Pacific Energy (PINKSHEETS: PEMC) had net income of $627,786.78. Pacific Energy & Mining is a diversified company that operates oil and gas leases throughout Utah. The Company also has non-operated interests in Utah and Oklahoma.

The Company is in the process of unitizing the field with offset leaseholders, the largest of which is Questar Exploration and Production Company, a subsidiary of Questar Corp. traded on the New York Stock Exchange.

Pacific Energy & Mining is a diversified company that operates oil and gas leases throughout Utah. It also has non-operated interests in Utah and Oklahoma. The Company would also like to welcome all new shareholders present or future to visit their website at http://www.pemc.us for detailed information.

The full report is available at http://biz.yahoo.com/iw/070718/0279192.html

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