Paret Petroleum Invests In The Middle East
Paret Petroleum is interested in acquiring oil and gas concessions in Afghanistan, Kurdistan, and Yemen. We believe these countries have a significant amount of unexplored land that is rich with millions if not billions of barrels of oil. Paret Petr
Online, July 29, 2011 (Newswire.com) - Paret Petroleum is interested in acquiring oil and gas concessions in Afghanistan, Kurdistan, and Yemen. We believe these countries have a significant amount of unexplored land that is rich with millions if not billions of barrels of oil. Paret Petroleum's goal is to have a minimum of 100 oil producing wells in each one of these Middle Eastern countries, with each well producing a minimum of 1,000 BPD- Combine total= 300,000BPD- Paret Petroleum expects to raise 200 million for oil exploration in the Middle East. In addition we are keenly interested in any Joint Venture participation from accredited investors and oil companies with investment interest in the Middle East.
Paret Petroleum (P/P) is a United States oil and gas exploration company. Our goal is to drill successful oil and gas wells all over the world. Paret Petroleum will be the source of capital, administrator, and beneficiary in our current investments. Since we are a new company all of our engineering and drilling work is contracted to American Fabrication and Wolverine Enterprises. These two companies have over 75 years experience working together in the oil and gas business. Paret Petroleum believes it will be in our best interest to contract more experienced oil companies to carry out our explorations. (P/P) is made up of 1 Chief Executive Officer,1 Cheif Financial Officer , 2 Chief Operating Officers, 4 Chief Advisors, 6 Geologist and 3 Petroleum Engineers. Our entire executive team has over 30 years of management expertise, in addition our geologist and petroleum engineers have over 50 years of foreign and domestic oil exploration experience.
It seems that Paret Petroleum is making a bold move into countries that are known for there political instability. The corporation is currently finishing geologic evaluations in Haiti for there deep well project onshore ; prospect areas are Port-au-Prince, Hinche, Mare Criton and la Gonave. As of November 2010 the executive team of Paret Petroleum have decided to begin exploration in Port-au-Prince- (Cul-de-sac) Haiti. Experts continue evaluating other primary areas of interest witch geophysicists believe is very promising. Deep horizontal wells in Haiti are estimated to produce between 1000-3000BPD each.