Paradigm Oil and Gas, Inc. announced it has signed its first production contract for hydrocarbon extraction from eleven wells located in West Caddo Parrish, Louisiana. Paradigm has begun working on the logistics for the delivery of the equipment and access to the lease and expects to begin producing oil within the next 10 days. Paradigm's management secured a 50% working interest in the production of the hydrocarbons from this lease.

Paradigm intends an initial extraction of all fluid from the targeted wells from the surface to about 1,075 feet below the ground. The objectives during the test are: to prove the Centurion One has the capability to recover up to 6,500 barrels of oil in a 12 month period of time, the Centurion could operate up to 270 days a year, the crew can reasonably work on 4 to 6 wells each day during operations, the estimated lifetime recoverable value of oil could exceed $3,085,000 (based on the current price of $95.00 per barrel) for each Centurion unit making the retail price of $159,000 reasonable, and prove the anticipated life expectancy of each unit to last 5 years.