Acquisitions & Divestitures

DANVILLE, Calif. -- Pacific Energy Development Corp., a privately-held oil and gas company engaged in the acquisition and development of energy projects in the U.S. and Pacific Rim countries, and Blast Energy Services Inc. (OTCBB: BESV.OB), a U.S. publicly-traded operating oil and gas company engaged in the exploration and production of petroleum resources in the U.S. and the development and commercialization of a patented applied fluid jetting down-hole stimulation technology, on Jan. 20 announced that they have signed a definitive Agreement and Plan of Reorganization (Merger Agreement).

Under the Merger ...