VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 10/07/11 — Palo Duro Energy Inc. ("Palo Duro" or the "Company") (TSX VENTURE: PDE) continues to make progress on the acquisition originally announced June 29, 2011. The Company continues its due diligence on the properties and documents.The closing of the Acquisition is subject to a number of conditions, including: (a) entering into a formal binding agreement; (b) completion of due diligence; (c) the approval of the TSX Ventur
