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Pacific Oil Company to Become Licensed Operator in Saskatchewan, Canada
LAS VEGAS, NV–(Marketwired – Feb 27, 2014) – Pacific Oil Company (“Pacific Oil” or the “Company”) (OTC: POIL) announced today that it has met all required criteria to become a licensed operator within the province of Saskatchewan. Accordingly, the Company intends to complete all related filings with the province by February 28, 2014.
Ed Loven, Vice president of Pacific Oil, said, “Becoming a licensed operator is significant because it will allow us to be more hands on in the day to day operations of our major projects located within the province. By exercising more control, Pacific will be able to realize greater operational savings and lower the overall cost of production. This should translate into higher profits for the company and create further value for our shareholders. The government of Saskatchewan is very pro-energy and thus we expect our submissions will move swiftly through the regulatory process.”
About Pacific Oil Company:
A Nevada based corporation, Pacific Oil is a dynamic junior energy company with assets and production within the energy rich province of Saskatchewan, Canada.
The Company’s strategy is grow rapidly through low risk acquisitions, as well as through further development of existing properties. Pacific Oil’s management believes that a balance must be struck between short term profitability and long term growth.
Pacific Oil’s management maintains tight cost control through minimization of overhead and other costs in order to achieve operational efficiency and maximization of shareholder value Capital expenditures are carefully scrutinized to maximize value-added and minimize risk.
This news release contains “forward-looking statements” as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and the company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although management believes that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the company’s annual report on Form 10-K for the most recent fiscal year, quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Pacific Oil Company
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