TAMPA, Fla., July 7 /PRNewswire-FirstCall/ -- Proper Power & Energy, Inc. (OTC Bulletin Board:PPWE.ob - News) today provided shareholders with a corporate update.
As Proper Power enters the second half of 2010, the management team would like to recap all that has been done thus far, as well as highlight some of its plans for the future. Since starting this venture, the Company has secured an 11,000 acre paid up oil and gas lease in Utah. Proper Power has had several experts in the field, such as Thrust Resources, validate its project and methodology for future oil production. The Company has identified potential joint venture partners as well as organized a plan for raising capital and funding its projects. Proper Power has also hired senior management in the "energy corridor" of Houston with extensive experience in the oil and gas industry.
Proper Power looks forward to a very productive second half of 2010 and will keep shareholders informed as developments occur within the Company.
About Proper Power & Energy:
Proper Power & Energy was formed in 2006 as an exploration and production company for oil and gas. The organization is committed to utilizing a very dynamic system of research and testing, and as a result of this extensive research and testing, have selected several sites with very good to excellent potential for productivity.
Safe Harbor Statement:
Certain statements made in this press release constitute forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. All forward-looking statements speak only as of the date of this press release and the company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment