PANAMA SUN OIL, S.A., as (the “Company”) is a holding company registered in the Republic of Panama. The principal activities of the Company is to roll-up asset at a discount in t he energy sector including but not limited to hydrocarbon field for exploration, exploitation and syndicated development and production via a Farm-Out Agreement to minimize risks. The Company strategy in securing these assets is to evaluate existing or new seismic work as part of its contingent purchase commitment subject to an expert opinion letter. The company has acquired a 6,060,000 acre parcel in the Republic of Paraguay from Parafin Corporation (Symbol: PFNO.OB) and has several other properties under evaluation and/or negotiations for large parcel concessions in proven areas in the USA, Central America and South America.. More..
We are principally an asphalt refinery, consequently we run heavy crude and our production relates to heavier crude products. We process an average of 10,000MT per day.
We successfully completed the acquisition of the concession of Oil reserve from PARAFIN USA, company in September 2009.. More..
Hooper Oil & Gas, LLC (“HOAG”), a Nevada Limited Liability Company, is pleased to announce that it is entering into a Joint Venture with Panama Sun Oil Company..