Friday, 25 February 2011
ParaFin Corporation, a Development Stage company, engages in the acquisition and exploration of Oil and Gas properties. The company was founded in 1978 and is based in Reno, Nevada. The potential of Hydrocarbon Concessions and other opportunities in the Oil & Gas industry have continued to be the focus of the Corporation from 1978 until the present. Effective March 30th, 2010, the Board of Directors of Parafin Corporation have authorized the President to negotiate the acquisition of Hydrocarbon Assets in North America.
We called this hot oil play at 0.0006 and it closed at 0.0007 with a HOD of 0.0008. We believe this hot oil play will do well in the short to mid term given the fact of the current oil crisis that is impacting the global economy.