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USCI: United Sts Crude Intl Inc
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[QUOTE]Originally posted by realityinc21: [QB] Some more DD: So, I was digging through some old Redlands, CA online news archives and I stumbled on an article from Oct. 2002 regarding USCI that I've never read before or seen from any other BB (AND trust me, in the past 3 months I have searched high and low and everywhere in between for info on USCI). Anyway, the article identified a 3rd 'confirmed' client, actually partner, of USCI. Allied Energy Corp. out of West Virginia. Below is the article and the link to the article is further down if you want to see if first hand: REDLANDS, Calif.--(BUSINESS WIRE)--Oct. 10, 2002 United States Crude International Inc. (USCU) today announced that the company is entering into a venture with Allied Energy Corp., a West Virginia oil and gas company, to produce oil from orphaned, low producing and stripper wells in the state. Allied Energy currently has 119 wells in the region and is a well-respected oil and gas producer with an excellent reputation with local and state officials. Allied CEO Jon M. Makeever's goal is to be selective and acquire many of the best available wells in the state to harvest significant oil remaining in formations even after prior production efforts. Makeever noted: "There is as much as 80% to 90% of the original oil and gas left in these formations by the previous owners. Many of the wells were abandoned when oil prices fell to historically low levels. At today's prices, these wells can be extremely profitable. "Adding steam and gas injection to the equation provides energy to the oil wells, bringing them back to life, which results in profitable oil production." USCU President, Anthony K. Miller, commented: "This is a tremendous opportunity for both companies. Our technology provides the means for Allied to produce their oil and also provides USCU with another market for its technology. USCU will also share in revenue produced by the joint recovery efforts. As greater milestones are met during this relationship, those details will be released." The Company United States Crude International is an oil technology and production company with more than hundreds of fully equipped oil and natural gas wells. In addition, USCR will market patented and patent-pending technologies used to rekindle marginally producing wells to profitable levels. The company holds the license and the rights to market the TM-96 Series Portable Steam Generators, the TM-98 Portable Gas Repressurizing System and the TM-9 Deep Steam System. These units, used separately or in conjunction with each other, provide pressure needed to drive oil through a ground formation and improve the free flow of crude oil. Although major oil companies have used steam and gas technologies for years, the TM series technologies provide a portability and low cost of operation not previously available. For more information visit the company's Web site at [URL=http://www.uscrude.com.]www.uscrude.com.[/URL] COPYRIGHT 2002 Business Wire COPYRIGHT 2002 Gale Group [URL=http://www.findarticles.com/cf_dls/m0EI...icle.jhtml]http://www.findarticles.com/cf_dls/m0EI...icle.jhtml[/URL] So , being that I've never read of this relationship in any other pr I decided to do some background checking on Allied Energy Corp. and I am a little sketchy about whether they still exist and this is why. 1) Con/Pro, I cant find them in the West Virginia phone book but I can find them in a secondary directory (http://www.portalwestvirginia.com/default.asp?info=search&SearchType=I nfoSheet&SearchString=63268) 2) Pro, I called the number and the CEO Jon M. Makeever voicemail picks up. 3) Con/Pro, Since they owned 119 wells in the WV region in 2002 they probably still own them in 2004 (a reasonable guess since they were already an established as a oil and gas producer) Whether or not their relationship still exists is hard to tell but if it does then that would give USCI a 3rd partner (Benaissa Oil Inc and Pacific Energy Corp. being the other two identifiable), BUT one who they have profit sharing potential with, and a substantial source of revenue that is wholly based on USCI's technology. I may have to leave a message next time with Jon. _________________ FS ~ Trust your dd [/QB][/QUOTE]
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