Pacific
Energy Development and Blast Energy Services
Sign Merger Agreement
Danville, California, January 20,
2012: Pacific Energy Development Corp. (“PEDCO”),
a
privately-held oil and gas company engaged in the
acquisition and development of energy
projects in the U.S. and Pacific Rim countries,
and Blast Energy Services, Inc. (“Blast”)
(OTCBB: BESV), a U.S. publicly-traded operating
oil and gas company engaged in the
exploration and production of petroleum resources
in the U.S. and the development and
commercialization of a patented applied fluid jetting
down-hole stimulation technology, today
announced that they have signed a definitive Agreement
and Plan of Reorganization (the
“Merger Agreement”).
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