SOURCE: Pacific Energy & Mining Company

September 10, 2009 05:30 ET

Pacific Energy Receives Approval in Johnson Bottoms Unit

RENO, NV--(Marketwire - September 10, 2009) - Pacific Energy & Mining Company (PINKSHEETS: PEMC) is pleased to announce today that it has received approval from the Bureau of Land Management (BLM) of a unitization agreement of the Johnson Bottoms Unit in Uintah County, Utah. This agreement unitizes Pacific Energy and Mining Company's (PEMC) property in Brennan Bottoms with property held by Questar Exploration and Production Company, Cimarex Energy Co., and others.

An operating Unit involves interest owners in numerous contiguous leases producing in the same reservoir combining their interests into one production Unit. PEMC will benefit from the production from the other leases.

Questar currently has one well permitted and expects to commence drilling in the newly formed Unit this fall.

For further information on the Unit agreement visit www.pemc.us

PEMC has withdrawn its Letter of Intent to sell oil and gas interests from its holdings in Grand County, Utah to BayHill Capital Corporation (OTCBB: BYHL). The Company has determined other properties participating in the venture were not sufficiently viable to properly benefit the shareholders of PEMC.

About PEMC

The Company through a General Partnership holds working interest in oil wells in Cedar Rim Oil Field in Utah and working interest in numerous non-operated oil and gas wells in Oklahoma. Additionally PEMC owns interest in Brennan Bottoms Oil Field in Uintah County, Utah, and interests in oil and gas 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.

Contact Information

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