TAMPA, Fla., June 15 /PRNewswire-FirstCall/ -- Proper Power and Energy, Inc., (OTC Bulletin Board: PPWE) announced today receipt of written testimonials supporting the Radiometric Plus data surveying techniques the Company uses in its central Utah exploration endeavors. The basis of the Company's reserve potentials have been based upon Thrust Resource's proprietary hydrocarbon vertical migration measuring methods. The HVM readings measure the amount of hydrocarbon migration that flows from underground to the surface.
In a written statement from Warren Geophysical Service of Houston, Texas, WGS stated that it owns "a shared interest in a few producing wells thanks to Radiometrics Plus surveying."
In a second written statement regarding Thrust Resources, Phoenix Oil & Gas LLC of Sandy, Utah states, "Phoenix has known Robert Dunbar and Don Metcalfe, owners of Thrust Resources and the Radiometric Plus (RMP) tool, for approximately two years now. Since having made the investment and becoming acquainted with Robert and Don, we have watched the wildcat project make not one, but two, new-field wildcat discoveries on an RMP anomaly despite the presence of several prior dry holes in the immediate vicinity." The statement goes on to describe another successful case study. "The second anomaly covered an area where Wolverine had drilled one test and missed. The RMP work showed that Wolverine had drilled just off the anomaly. Recently Wolverine drilled another well on this anomaly and hit commercial oil near Salina, Utah (early estimates again indicate this could be a billion barrel field). The third anomaly shown to us by Thrust covered what is now known as the Providence Field near Gunnison, Utah (estimated to potentially hit 2 billion barrels of recoverable oil)."
Given these written testimonials, it's easy to understand why we are confident in the reserve projections Thrust Resources believes to be available in Proper Power's leased up claims," stated Company President, Joseph Abdo. "Clearly the subsequent seismic data we collected supports Thrusts' Radiometrics Plus findings."
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.