SOURCE: Pacific Energy & Mining Co.

April 26, 2007 14:46 ET

Pacific Energy & Mining Co. Retains Independent Auditor

RENO, NV -- (MARKET WIRE) -- April 26, 2007 -- Pacific Energy & Mining Co. (PINKSHEETS: PEMC) announced today that it has retained an accounting firm to review the Company's financial records.

One of the immediate goals of Pacific Energy, Inc. is to complete an independent audit of its financial statements in order to file it with the Securities and Exchange Commission as a fully reporting issuer. The Company intends to seek the listing of its common stock for trading on the Bulletin Board.

Pacific Energy & Mining is a diversified company with oil and gas interests in Utah through its current acquisition of the assets of Colorado Utah Natural Gas, Inc., a 7% working interest in the Brennan Bottoms Oil Field in Uintah County, Utah, and a 50% revenue interest in the Cisco Springs Oil Field in Grand County, Utah. Additionally the Company owns a 16.67% interest in Mar/Reg Investments, a General Partnership, through which it holds working interest in oil wells in Altamont Bluebell Oil Field in Utah and interest in numerous non-operated oil and gas wells in Oklahoma.

The Company would also like to welcome all new shareholders present or future to visit our website at www.pemc.us

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.

Contact Information

  • Contact Information:
    Dan Green
    310 410-4426

    Worldwide Financial Marketing, Inc. USA
    Investor Relations
    Int'l 1 954 360 9998
    US 866 360 9998
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