Paradigm Oil and Gas, Inc. (OTCPK:PDGO) acquired 50 new oil wells in Texas from Magnum Oilfield Services, Bitter Creek Petroleum, and Blackjack Services on June 2, 2014. Paradigm Oil will pay the consideration in cash and Paradigm common stock.

Paradigm Oil and Gas, Inc. (OTCPK:PDGO) completed the acquisition of 50 new oil wells in Texas from Magnum Oilfield Services, Bitter Creek Petroleum, and Blackjack Services on June 2, 2014.