Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/financial/money/pacific-oil-company-enters-into-agreement-to-secur.shtmlPacific Oil Company enters into agreement to secure $1,000,000 in financing
Pacific Oil Company has entered into an agreement with The Herman Companies Inc. to secure
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Pacific Oil Company has entered into an agreement with The Herman Companies Inc. to secure $1,000,000 in financing. Once secured, this financing will support Pacific Oil's business strategy through 2014 and expedite its previously announced acquisition schedule.
Ed Loven, Vice president of Pacific Oil, said, "Having additional capital available to speed up both our announced acquisitions and operational efforts is a positive development for Pacific Oil and its shareholders. Besides accelerating current initiatives, a financing of $1,000,000 should provide us with further opportunity for growth while lowering our company's overall risk.
