Paradigm Oil and Gas, Inc. (OTCPK:PDGO) signed an agreement to acquire oil interests on 2,200 acres in East Texas for $8.5 million in cash on December 14, 2011. The transaction is subject to continuing due diligence by Paradigm and approval of financing. The transaction is expected to close by January 28, 2012.

Paradigm Oil and Gas, Inc. (OTCPK:PDGO) cancelled the acquisition of oil interests on 2,200 acres in East Texas on December 14, 2012.