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PAR PETE CORP (OTCBB:PARR) Acquisition Updates

 
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Las Vegas, NV -- (SBWIRE) -- 12/17/2013 -- PAR PETE CORP (OTCBB:PARR) is in the business of oil and gas exploration and production. Previously Delta Petroleum Corporation, the company seeks natural gas and oil production opportunities. The company acquires and manages oil and gas properties one of which is located in Colorado. Piceance Energy is main property of PARR.

Par Pete acquired interests of Tesoro Hawaii. The acquired company is given new name Hawaii Independent Energy, LLC. The acquisition followed payment of $25.0 million and $75.0 million.

Par Pete combined its financial reports with that of TSO Hawaii to produce consolidated reports. The unaudited reports do not realize any cost savings.

To find out what OTCMAGIC projects for PAR PETE CORP for both short term and long term please click here: PARR

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