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Oil Gas Drilling Exploration
Paradigm Oil and Gas Inc. (PDGO) is a publicly traded company that is focused on the acquisition, exploration, and development of oil and natural gas resources in the United States. The company's main asset is a 720-acre lease located in the prolific Permian Basin of west Texas.
As of my knowledge up to 2021, the company has been struggling with financial difficulties and has not generated significant revenues or earnings. In the past, Paradigm Oil and Gas had incurred losses and negative cash flows from operations. However, it's always good to check the latest financial reports and filings for the most up-to-date information.
In terms of growth, the company's future prospects are dependent on its ability to successfully execute its business plan and achieve profitability. The company's management has outlined several strategies to improve its financial performance, including optimizing its existing operations, acquiring new assets, and increasing production.
It's important to note that investing in small cap stocks like PDGO can be risky and investors should carefully consider the company's financial condition, management, and industry conditions before making an investment decision. It is recommended to consult with a financial advisor or conduct your own thorough research before investing in any stock.