Paleo Resources, Inc. engages in the acquisition, exploration, and development of oil and gas properties. It operates through Canada and U.S. geographical segments. The Canada geographical segment includes the exploration for, and development and production of, crude oil and natural gas in Alberta, Canada and the acquisition, exploration and development of precious and base metal properties in Ontario, Canada. The U.S. geographical segment deals in the development and production of crude oil and natural gas in Texas, USA. The company was founded in 1945 and is headquartered in Calgary, Canada.