Paradigm Oil and Gas, Inc. announced that 5 of its wells cumulatively produced a total of 688 barrels of oil last week, valued at more than $73,000 at a conservative market value of $107 per barrel. The company reported last weeks' production from leases in Texas and Louisiana as: Lucy Lee - 142 barrels, Travis Mina - 250 barrels, Miller lease - 148 barrels, Adobe lease - 38 barrels, and Perry lease - 110 barrels. While the Lucy Lee, Travis Mina, and Perry properties have been stalwarts of the Company's oil producing portfolio for some time, the Miller and Adobe leases were acquired in recent acquisitions strategically designed to expand Paradigm's oil production capacity.

Based on the current scenario of oil production, the Company forecasts nearly four million dollars in annual revenue. Analysts are expecting a breakout for Paradigm's stock if current levels of oil production and revenue continue.