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RENO, NV - 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.
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