TAMPA, Fla., Dec. 23, 2010 /PRNewswire/ -- Proper Power & Energy, Inc. (OTC Bulletin Board: PPWE) announces the next stage of its Western U.S. operations. The Company gathered principals of Thrust Resources Inc. and American Resources Inc. for a meeting in Phoenix, Arizona held on December 22, 2010. The meeting focused on the nuts and bolts and infrastructure game plan for the Central Utah project. This was the initial meeting between Robert Dunbar and Andrew Kacic, the newly named President of Proper Power's subsidiary, American Resources Inc.
"Now that we are on the verge of finalizing the Kentucky acquisitions and booking our first revenues from petroleum sales, we figured it would be a good time to initiate our game plan for our Utah claim for 2011," stated Kacic. "While I had been concentrating on setting up Kentucky in November, I am now just getting to digest the Utah project, and I am very impressed and optimistic," Kacic continued.
The company maintains 10,000 plus acres of leased land in Central Utah, and last year announced the results of its initial review of seismic data. This was on the heels of Thrust Resources' Radiometrics Plus data suggesting the existence of huge pay zones in the Valley.
"With petroleum prices on the rise, I am confident that we will be able to begin producing domestic petroleum from the Rush Valley by the end of 2011, thereby helping to reduce our dependence on foreign supplies," concluded Kacic.
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.
SOURCE Proper Power & Energy, Inc.