
Proper Power & Energy Coordinates Operations In Utah and Texas
TAMPA, Fla., May 12 /PRNewswire-FirstCall/ -- Proper Power & Energy, Inc. (OTC Bulletin Board: PPWE) announced today the Company hosted a meeting of its operations committee at the Omni Hotel in Houston, Texas on December 7 and 8, 2009. The purpose of the meeting was to coordinate operations efforts in Utah and Texas, as well as initiate discussions with local oil and gas executives leading to a potential relocation of the Company's operations to Houston.
Robert Dunbar and Donald Metcalf gave presentations on the Company's current central Utah leases. The presentations focused upon comparing the newly purchased seismic data with the Radiometrics plus data. The comparisons were positive and favorable. The Company will release the results of the new data in the near future. Non-affiliated third party geologists and petroleum engineers attended as well and offered their input which will also be released in the upcoming drilling season.
"Given the news regarding our Utah leases as well as our ongoing efforts in Abilene, we look poised to possibly join the famed 'oil and gas corridor' here in Houston," stated Company President, Joseph E. Abdo. "Having operations located in Houston would obviously make it easier to engage with new strategic partners and access the vast oil and gas human resources available in the Houston area," continued Abdo. "We are actively discussing management opportunities with Proper Power with local players in the oil and gas industry in Houston and we hopefully can reach an agreement to augment our team in the near future."
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 |
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Corporate: Nicole Propp |
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Investor Contact: Daniel Conway |
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DC Consulting, LLC |
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(407) 792-3332 |
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SOURCE Proper Power & Energy, Inc.
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