MISSISSAUGA, Ontario, June 2, 2005 (PRIMEZONE) -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com), a leading penny stock / small-cap information site, released its latest spotlight company Patch International Inc. (OTCBB:PAII).
PAII is a junior oil and gas producer that currently earns oil revenue from 19 oil wells. These wells provide the company with both short-term and long-term cash flow. It is anticipated that these wells will have a life of over 15 years. PAII is currently drilling a well on a prospect in Alberta. The prospect, the McLeod Project, is a W5M-west of the fifth meridian property and is being drilled to 1950 TVD meters in partnership with two major companies -- one a major oil and gas company listed on the TSX and the other a NYSE-listed company.
PAII has properties in North America and has made significant progress on oil and gas opportunities in Algeria, Libya, and Tunisia. PAII holds 11.2 million shares in Pharmaxis of which 5.6 million have been declared as a dividend, and is largest shareholder behind the Rothschild Group. PAII plans to use the proceeds from this investment to build the company's oil and gas assets and just as PAII's pioneering pharmaceutical efforts are coming to fruition, PAII believes that the coming months will be a period of tremendous success for the company's international oil and gas prospects.
A complete PAII profile can be viewed at: http://www.allpennystocks.com/apsc/us/stock_profiles/paii.htm
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AllPennyStocks.com is focused on the small-cap / penny stock market and has become a reputable name in the investment community. AllPennyStocks.com runs a Canadian and U.S. site to provide investors in Canada as well as the United States with informative and unique content and information. AllPennyStocks.com runs weekly penny stocks to watch, has a weekly market write-up, provides company spotlights, runs a unique most active pages strictly for penny stocks trading on the TSX, TSX Venture, Nasdaq and OTC BB, and much more information for the average investor.
Although the majority of AllPennyStocks.com reports are independent, it has received compensation for carrying the report on Patch International Inc. (OTCBB:PAII); the amount is four thousand five hundred dollars from Patch International Inc. This creates an inherent conflict of interest and readers are encouraged to view the full disclaimer at http://www.allpennystocks.com/apsc/us/stock_profiles/paii.htm.