WW Oil & Gas Inc. Receives Takeover Offer From Texas-Based Paco Oil & Gas Inc.

WW Oil & Gas Inc. Receives Takeover Offer From Texas-Based Paco Oil & Gas Inc.

WW Oil & Gas Inc. president Joseph Anthony Smith confirmed today that the company has received a takeover offer from Paco Oil & Gas Inc. Paco is a junior oil and gas firm operating in the State of Texas with similar projects and business activity relative to the operations of WW Oil & Gas Inc. WW Oil & Gas shareholders will be receiving detailed information regarding the offer along with a proxy voting letter that must be completed and returned to the company by no later than October 31, 2008.

The proposal would bring together two strong integrated oil and gas companies active in several oil and gas lease operations in the U.S. We believe that integrating with Paco at this juncture should prove beneficial for us and our shareholders. The amalgamation will increase holdings, reduce operational costs and if completed will allow for additional shareholder liquidity because Paco Oil & Gas is quoted on the Frankfurt Stock Exchange as well as the company’s OTC listing here in the U.S. “The officers and board of directors of this company are in favor of this proposal and urge all shareholders to vote in favor of this takeover offer,” stated WW Oil & Gas Inc. president Joseph Anthony Smith.

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