SOURCE: Pacific Energy & Mining Company

May 04, 2007 06:30 ET

Pacific Energy & Mining Receives Offer to Sell Interest in Uintah Basin

RENO, NV -- (MARKET WIRE) -- May 4, 2007 -- Pacific Energy & Mining Co. (PINKSHEETS: PEMC) has received an offer to sell its working interest in its Uintah Basin Oil Field. The company is currently evaluating the offer. No terms were disclosed.

The company continues to place additional wells on production from the Colorado Utah Natural Gas acquisition.

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 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.

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