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rlebherz wrote: Alf, Interesting article. I think the Cloud services and cloud infrastructure lines are a bit blurred, but I agree with most of what you are saying. Dont underestimate the SLA's role in accountability. For companies that have dynamic requirements and no down time can be afforded, make sure you have very tight SLAs. For example, OpSource provides a 100% SLA in the cloud and 100%SLA around production application environments. Now 100% is ideally perfect, it comes down to accountability, yo...

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Pacific Energy Announces Commencement of Drilling at Johnson Bottoms Unit

RENO, NV -- (Marketwire) -- 11/06/09 -- Pacific Energy & Mining Company (PINKSHEETS: PEMC) is pleased to announce that the initial well at the newly unitized Johnson Bottoms Unit commenced horizontal drilling on November 3, 3009. The initial well is located in Section 22, 7 South 21 East, Uintah County, Utah.

The Operator of the Unit is Questar Exploration and Production. The target zone is the H4 member of the Greenriver formation at an approximate depth of 7,000 ft. All information on the drilling of the horizontal well is being held confidential. We estimate that the well will be completed within the next 30 days. There are 6 permitted wells on the unit at an approximate cost of $2.5 million each.

For further information on the Unit agreement visit www.pemc.us

About PEMC

The Company, through a General Partnership, holds working interest in oil wells in Cedar Rim Oil Field in Utah and working interest in numerous non-operated oil and gas wells in Oklahoma. Additionally PEMC owns interest in Brennan Bottoms Oil Field in Uintah County, Utah, and interests in oil and gas fields in Grand County, Utah.

Disclaimer

The foregoing contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or further changes make it clear that any projected results (expressed or implied) will not be realized.

Contact:
Worldwide Financial Marketing, Inc. USA
Investor Relations
Int'l 1 954 360 9998
US 866 360 9998

About Marketwire .
Copyright © 2009 Marketwire. All rights reserved. All the news releases provided by Market Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

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