Pardee Resources Company Divests Pennsylvania Oil and Gas Interests

Pardee Resources Company (OTC: PDER) announced today that it closed on the sale of approximately 8,800 acres of oil & gas interests located in Elk and Cameron Counties, Pennsylvania for $10 million dollars.  “These interests, which were acquired over 100 years ago, were non-revenue producing and deemed non-strategic to the Company,” said Carleton P. ErdmanPresident and CEO.