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 Pacific Asia Petroleum Inc. - PAP
Pacific Asia Petroleum (PFAP)
+575% Year-to-Date
PACIFIC ASIA PETROLE Share Price Chart | PFAP.OB - Yahoo! Finance
Comparison vs. Other Micro Cap Energy Companies
Humanity Worldwide
Posted by Humanity Worldwide, LLC
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Pacific Asia Petroleum Announces Approval for NYSE Amex Listing
Pacific Asia Petroleum Announces Approval for NYSE Amex Listing
Press Release
Source: Pacific Asia Petroleum, Inc.
On 11:00 am EST, Tuesday November 3, 2009
HARTSDALE, N.Y.--(BUSINESS WIRE)--Pacific Asia Petroleum, Inc. (OTCBB:PFAP - News), engaged in the business of oil and gas development, production and distribution in Asia and the Pacific Rim countries, announced today its common stock has been approved for listing on the NYSE Amex. Trading is expected to begin on November 5, 2009 under the new ticker symbol PAP (NYSE Amex: PAP). Prior to that date, Pacific Asia Petroleum’s shares will continue to trade on the Over-the-Counter (OTC) Bulletin Board.
“Moving from the OTC Bulletin Board to the NYSE Amex is another tremendously important milestone for Pacific Asia Petroleum,” said President and CEO Frank C. Ingriselli. “We have always prided ourselves on our conservative accounting, transparency and corporate governance. Moving up to the NYSE Amex not only validates these efforts, it provides us with greater visibility for our company, more liquidity for our stock and the opportunity to further expand our investor base. We believe that this move will deliver more value for our shareholders now and down the road.”
“We welcome Pacific Asia Petroleum to NYSE Amex,” said Scott Cutler, Head of Listings, Americas. “Pacific Asia Petroleum and its shareholders will benefit from the superior market quality, technology, and services provided by listing on NYSE Euronext markets. Pacific Asia Petroleum is a welcome addition to our roster of leading energy companies, and we look forward to a strong and lasting partnership.”
About Pacific Asia Petroleum, Inc.:
Pacific Asia Petroleum, Inc. engages in the business of oil and gas exploration, development, production and distribution in Asia and the Pacific Rim countries, with a specific focus on developing a broad range of energy opportunities, including clean and environmentally-friendly natural gas ventures, in China. The Company's executive offices are located in Hartsdale, New York, and the Company also has offices located in Beijing, China and California.
Forward-Looking Information Statements
Some of the items discussed in this press release are forward-looking statements about Pacific Asia Petroleum’s activities. Words such as “anticipates,” “expects,” “plans,” “projects,” “believes,” “seeks,” “estimates,” and similar expressions are intended to identify such forward-looking statements. The statements are based upon management’s current expectations, estimates and projections, are not guarantees of future performance, and are subject to certain risks, uncertainties and other factors, some of which are beyond the Company’s control and are difficult to predict. Among the factors are changes in prices of, demand for and supply of crude oil and natural gas; actions of competitors; results of additional testing; timely development of production opportunities and acquired technologies; the potential disruption or interruption of testing and development activities due to accidents, political events, civil unrest, or severe weather; government-mandated restrictions on scope of company operations; general economic and political conditions; the Company’s need and ability to obtain capital; the Company’s ability to successfully consummate contemplated acquisitions, obtain required government approvals, and integrate the acquired entities and operations into the Company’s business; and other risks described in the Company’s filings with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Unless legally required, Pacific Asia undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Pacific Asia Petroleum, Inc.
Bonnie Tang, 914-472-6070
bonnietang@papetroleum.com
Posted by Humanity Worldwide
Humanity Worldwide
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25,000 Barrels Per Day
Eni starts production of the Oyo oil field, in the Nigerian Deep offshore
The field has the ability to initially produce at a rate of approximately 25,000 barrels of oil per day (bpd) from two subsea wells in a water depth of 400 meters
(Link below for full press release)
Eni starts production of the Oyo oil field, in the Nigerian Deep offshore - Eni
As per Pacific Asia Petroleum press release (Nov 23), PAP will acquire 60% of this asset.
News / 2009 Press Releases : Investors : Pacific Asia Petroleum
Price of Oil as of 10AM is $69.76 per barrel.
At 25,000 barrels per day, the math is obvious.
Posted by Humanity Worldwide
Link below for PAP performance YTD and PAP vs. other Micro Cap Energy Companies and other Asian-based Micro Cap Energy Companies.
Humanity Worldwide
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PFAP has a New Symbol: PAP
Pacific Asia Petroleum is now listed on the NYSE Amex under ticker symbol PAP.
Eni starts production of the Oyo oil field, in the Nigerian Deep offshore
The field has the ability to initially produce at a rate of approximately 25,000 barrels of oil per day (bpd) from two subsea wells in a water depth of 400 meters
(Link below for full press release)
Eni starts production of the Oyo oil field, in the Nigerian Deep offshore - Eni
As per Pacific Asia Petroleum press release (Nov 23), PAP will acquire 60% of this asset.
News / 2009 Press Releases : Investors : Pacific Asia Petroleum
Price of Oil as of 10AM is $69.76 per barrel.
At 25,000 barrels per day, the math is obvious.
Posted by Humanity Worldwide
Link below for PAP performance YTD and PAP vs. other Micro Cap Energy Companies and other Asian-based Micro Cap Energy Companies.
Humanity Worldwide
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Pacific Asia Petroleum Investor Conference Call on Oyo Oilfield Acquisition Update
Pacific Asia Petroleum, Inc. (NYSE Amex: PAP) announced today that it will host a conference call with its shareholders on January 6, 2010.
The Company’s President and CEO, Frank Ingriselli, will discuss its planned acquisition of all of the interest held by CAMAC Energy Holdings Limited and certain of its affiliates in the Oyo Oilfield. The Company’s Proxy Statement soliciting stockholder approval of this acquisition and related transactions was filed with the U.S. Securities and Exchange Commission on December 31, 2009.
Conference Call details -
Date: January 6, 2010 (Wed)
Time: 11:00am PT / 2:00pm ET
Participate: To participate in the conference call, please dial 888-857-6930 (toll free) or 719-457-2731 (toll) at least 10 minutes prior to the start of the call. Callers will need to reference confirmation code: 2698467
For more information:
http://www.papetroleum.com/news-2.html
Posted by Humanity Worldwide
Click below for Pacific Asia Petroleum performance YTD and performance vs. Asian Based Comparable Energy Companies and Leading Micro Cap Energy Companies.
http://www.humanityworldwide.com/clients.htm
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(PAP) EBITDA of $142.2 Million in 2010
(See Proxy Statement PRE 14A - ANNEX D Pacific Asia Petroleum, Inc. (PAPI) Consolidated with Oyo – Selected Data)
For More Information: Pacific Asia Petroleum Investor Conference Call on Oyo Oilfield Acquisition Update (January 6, 2010)
Pacific Asia Petroleum, Inc. (NYSE Amex: PAP) announced today that it will host a conference call with its shareholders on January 6, 2010.
The Company’s President and CEO, Frank Ingriselli, will discuss its planned acquisition of all of the interest held by CAMAC Energy Holdings Limited and certain of its affiliates in the Oyo Oilfield. The Company’s Proxy Statement soliciting stockholder approval of this acquisition and related transactions was filed with the U.S. Securities and Exchange Commission on December 31, 2009.
Conference Call details -
Date: January 6, 2010 (Wed)
Time: 11:00am PT / 2:00pm ET
Participate: To participate in the conference call, please dial 888-857-6930 (toll free) or 719-457-2731 (toll) at least 10 minutes prior to the start of the call. Callers will need to reference confirmation code: 2698467
For more information:
http://www.papetroleum.com/news-2.html
Posted by Humanity Worldwide
Click below for Pacific Asia Petroleum performance YTD and performance vs. Asian Based Comparable Energy Companies and Leading Micro Cap Energy Companies.
http://www.humanityworldwide.com/clients.htm
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Comparables
Click below for 6 Month Analysis of Pacific Asia Petroleum vs. Comparables as defined in recent Proxy Statement:
Continental Resources (CLR)
Concho Resources (CXO)
BPZ Resources (BPZ)
Carrizo Oil & Gas (CRZO)
Vaalco Energy (EGY)
http://www.humanityworldwide.com/clients.htm
Posted by Humanity Worldwide
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