SOURCE: PACO Oil and Gas Inc.

September 11, 2008 10:33 ET

Paco Oil & Gas Inc. Presents Takeover Offer to WW Oil & Gas Inc.

SHERMAN, TX--(Marketwire - September 11, 2008) - Paco Oil & Gas Inc. (PINKSHEETS: POGC) (FRANKFURT: 4IP) board of directors has put forth a takeover proposal offer to WW Oil & Gas Inc. WW Oil & Gas Inc., a junior oil and gas firm operating out of Gainesville, Texas, is presenting the offer to its officers and shareholders for consideration. Paco's interest in acquiring WW Oil & Gas Inc. is based on the company's current oil and gas holdings. Both Paco and WW Oil have similar operations and business activity that would complement the overall holdings of Paco Oil & Gas Inc. The oil and gas projects operated by WW Oil & Gas would be amalgamated into the company's ongoing exploration efforts strengthening the overall holdings of Paco. The company expects a decision from WW Oil & Gas Inc. by November 7, 2008. For more information regarding WW Oil & Gas please visit their website at www.wogi.us.

www.pacopetroleum.com

About PACO Oil and Gas Inc.

PACO Oil & Gas Inc. is an exploration company focused on purchasing under valued oil and gas leases with little or no production in the United States. Its experienced technical team then increases the leases production thereby significantly increasing the value.

PACO Oil & Gas concentrates its efforts developing undervalued well communities into micro scale production facilities. These working assets have all been refurbished and outfitted with the latest in oil recovery equipment. Since many of these assets are shallow wells, former owners were technically unable to reach deeper deposits. PACO has the technical team to go further and more efficiently.

Forward Looking Statements

Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.

Contact Information

  • Contact:
    Librada Thomas
    President

    PACO Oil and Gas Inc.
    940-634-1839