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ParaFin Targets US Exploration

Date : 03/05/2012 @ 8:00AM
Source : GlobeNewswire Inc.
Stock : Parafin Corp. (PL) (PFNO)
Quote : 0.0001  0.0 (0.00%) @ 8:22AM
Parafin Corp. (PL) share price Chart

ParaFin Targets US Exploration

Parafin Corp. (PL) (USOTC:PFNO)
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ParaFin Corporation (PFNO.PK): ParaFin Corporation (ParaFin) is a development-stage company engaged in researching existing producing oil and gas properties with the potential for exploration and development of deeper zones.

ParaFin is now directing all of its exploration activities to potential production targets in the United States. ParaFin has engaged a Consulting Geologist in Bakersfield, California to evaluate deeper drilling targets that offset current producing fields in the Bakersfield area of California. For over a half century, the Bakersfield area has been one of the most prolific production areas in California. Many deeper prospects that have never been drilled are now becoming economically viable for exploration with the potential for substantial reserves due to technological developments in drilling methods, the current price of oil and gas and the rise in demand.

Disclaimer: Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to those, set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov/). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.

CONTACT: ParaFin Corp.
         Sidney B. Fowlds  President
         Website: http://www.parafincorp.com
         Phone: 213 985-3136
         Email: ceo@parafincorp.com


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