Proper Power & Energy Provides Letter To Shareholders

TAMPA, Fla., May 4 /PRNewswire-FirstCall/ -- Proper Power & Energy, Inc. (OTC Bulletin Board: PPWE) announced today a letter intended to provide shareholders a corporate update.

To all PPWE shareholders:

As the first quarter of 2010 comes to a close, the management team at PPWE wanted to thank you for your continued loyalty and support of the Company.   Since we started this venture, we have been able to secure an 11,000 acre, paid up oil and gas lease in Utah, which provides for a 12.5% royalty to the landowners once oil or gas is recovered.   We have had Thrust Resources Inc. perform a Radiometrics Plus survey of the property.  We subsequently purchased previously drawn raw seismic data of the area.  In the coming months, we intend to have the seismic data we purchased analyzed and compared to the Radiometrics Plus data to determine whether the geographic data bolsters or contradicts the positive Radiometrics Plus findings.

The Company also plans to hire on senior management with experience in the oil and gas industry, who are located in the "energy corridor" in the Westside of Houston Texas.  Upon securing the proper funding, we will commence drilling on our first wells on the Rush Valley property.  Proper Power has entered into and plans to finalize agreements for the purchase of existing production or participation in shallow ongoing drilling in other states. The Company anticipates reasonable production revenues from the shallow drilling in the 40-50 barrel/day range and the deep well drilling in Utah to produce 200-300 barrels/day.  Proper Power contemplates that the delivery price for its domestic crude will remain in the seventy to eighty dollar/barrel range.

We look forward to having a very productive 2010, and anticipate filing our quarterly and annual reports in a timely fashion, as required by the Securities and Exchange Commission.  We will attempt to keep our shareholders informed as positive developments occur within the Company.

Should you have any questions, please do not hesitate to contact DC Consulting at the number below.

Sincerely,

Joseph E. Abdo

President, Proper Power & Energy

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.