Proper Power & Energy Completes Initial Seismic Review of Its Utah Properties

Jun 03, 2010, 08:30 ET from Proper Power & Energy, Inc.

TAMPA, Fla., June 3 /PRNewswire-FirstCall/ -- Proper Power & Energy, Inc. (OTC Bulletin Board: PPWE) announced today the Company geophysicist, Robert Dunbar, has commenced his initial review of the seismic data recently acquired by the Company.  Mr. Dunbar has compared the initial data with his previously completed Radiometerics Plus results in the Tooele County claim.  As a result, he has contacted the seismic source provider and has requested additional information and clarification regarding the actual mathematical readings in order to be better able to conclude his report.

According to Dunbar, the initial findings appear to be very encouraging and exciting.  The study range area includes 11,000 acres in Rush Valley.  Although he is not yet prepared to sign off on the completed study, Dunbar believes that he will be prepared to opine as to the approximate locations of the best and highest pay zones and quantities within three weeks.

Last May, the Company sent representatives to Utah to interview potential drilling companies and met with a prominent Tooele County longtime drilling group and obtained a general idea of the budgetary requirements to commence drilling the first two wells in the claim.  The Company has also established contacts with local oil and gas consulting firms and will retain one to be the face and local presence for Proper Power in Utah.  The local consultants will interact with Proper Power management and Robert Dunbar on all facets of operations in the State which the Company feels is an important resource tool to maintain.

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.

Contact Information

Corporate: Nicole Propp

Investor Contact: Daniel Conway

DC Consulting, LLC

(407) 792-3332

SOURCE Proper Power & Energy, Inc.