Pacific Energy Announces the Acquisition of Assets in the Paradox Basin

RENO, NV--(Marketwire - Aug 30, 2011) - A group led by Entrada Enterprises LLC, a Nevada corporation, has acquired 100% of the assets of Delta Petroleum Corporation of Denver, Colorado, in Grand and Emery Counties, Utah. The assets include approximately 43,000 gross acres of oil and gas leases, gathering lines, power plant, gas processing plant and interests in four wells. Pacific Energy & Mining Company (PINKSHEETS: PEMC) is the operator of the properties.

About Pacific Energy

Pacific Energy owns interests in the Greater Cisco Oil Field, the Brennan Bottom Oil Field, the Johnson Bottom Unit and Cedar Rim Oil Field. Pacific Energy Operates oil wells in the Greater Cisco Field and the Greentown Fields in Grand County, Utah.

Disclaimer

The foregoing contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or further changes make it clear that any projected results (expressed or implied) will not be realized.