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LA ESPERANZA OIL & GAS, LLC MOVES FORWARD IN ITS MAJOR LEASE ACQUISITION AND DEVELOPMENT IN THE PALO DURO BASIN AND ACCEPTS PUBLIC APOLOGY FROM BANKERS PETROLEUM

La Esperanza Oil & Gas, LLC, an independent US based Oil and Gas Development and Exploration Company, began its lease acquisition development in September 2004 in the Palo Duro Basin by entering into a $1.75 million contract with a US based publicly traded company.

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