Paloma Resources Inc., through its subsidiary, engages in the exploration and development of oil and gas properties in the United States. It owns 1-3% interest in four oil and gas leases located in Jefferson and Wilkinson counties, Mississippi. The company was formerly known as Paloma Ventures Inc. and changed its name to Paloma Resources Inc. in February 2004. Paloma Resources Inc. was incorporated in 1985 and is based in Vancouver, Canada.