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US Energy Holdings, Inc. is an aspiring South Texas energy resource company with an emphasis on oil and gas development drilling and production. Claude Eldridge, US Energy Holdings, Inc.'s new Chairman / CEO stated today "I am dedicated to the revitalization of jobs in the energy sector, as one of the world's most important subjects it has become increasingly important for our company to invest in our world's resources, technology, and economic future".
Tim Foust, US Energy Holdings, Inc.'s new President added "US Energy Holdings, Inc. will focus on the acquisition of long-life proven resources that offer the opportunity to increase current production on producing wells as well as begin new production on acquired properties for sites located through new technology".
Review their website for addition press release info.
This stock has begun to MOVE!! With price of oil at sitting at $73.55, companies in the oil drilling sector poised to make substantial profits!!
HOUSTON, TX, Mar 31, 2006 (MARKET WIRE via COMTEX) -- US Energy Holdings, Inc. (USEHE) is pleased to announce the completion of its Letter of Intent with Adams Ranch to acquire 200 natural gas well sites in Ozona, Texas. All documents should be completed by March 31st, 2006.
Due to the fires in North Texas, the South Texas natural gas wells should see a significant increase in supply and demand. As published by KansasCity.com (The Kansas City Star) in the midday report of March 28th, the price has risen another three cents per 1,000 cubic feet bringing today's price to $7.12 USD. The International Council for Capital Formation in the United Kingdom also stated "...there will be an average increase of 41% of natural gas prices by 2010..." Due to this demand, US Energy Holdings, Inc. will launch a full aggressive drilling program.
This stock has begun to MOVE!! With price of oil at sitting at $72.50, companies in the oil drilling sector poised to make substantial profits!!
USEHE is trading at 6 week highs. The price chart pattern for this stock is trending HIGHER and trading volume is noticeably stronger!!
OIL INDUSTRY COMMENTARY FROM MARTKETWATCH.COM
HOUSTON (MarketWatch) -- With little in sight to put the brakes on crude prices, equities analysts expect oil companies to once again post record quarterly profits this week when the industry's biggest names open their books. "Given the current market fundamentals we expect average prices for both oil and gas this year to be significantly above 2005 record levels," said Fadel Gheit, an energy analyst at Oppenheimer, an investment bank. "As a result, we expect 2006 earnings to be above 2005 record levels." Oil and gas companies are not only expected to significantly exceed earnings and revenue reported in the first quarter of 2005 but are also likely to surpass analyst expectations because consensus estimates are too low, said Gheit. "We believe consensus earnings estimates are too low, based on oil prices below $59 a barrel and gas prices below $8.53 per million cubic feet," said Gheit in an earnings preview report to clients.
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What do you think - is this going to run in the AM.
Secure Line of Credit for 100 Million Dollars Has Just Been Obtained Monday May 1, 6:18 pm ET
HOUSTON, TX--(MARKET WIRE)--May 1, 2006 -- US Energy Holdings' (OTC BB:USEHE.OB - News) CEO Claude Eldridge is proud to announce the secured financing of 100 million USD. These funds are immediately available to be used for any acquisitions for the growth of US Energy Holdings, to get a secure foothold in the rapid growing energy market. This will allow our aggressive acquisition team to act promptly on prime future locations as well as current acquisitions. With these funds available, US Energy Holdings will become a name to be recognized in the Independent Energy Sector. We extend the invitation to other small energy related companies interested in mergers and joint-acquisitions to contact us via our Corporate Offices at 281-315-8895.
Posts: 507 | From: Rochester, NY | Registered: May 2005
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OTC Bullitin Board states they only have 1.66M shares. I'm thinking this is going to pop up big in the morning.
Posts: 507 | From: Rochester, NY | Registered: May 2005
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JHenry ... I just read the Press Release, i've felt strongly that USEHE shares are being accumulated since my shares were purchased April 18th. The visible evidence of the oil industry's mammoth earnings creates fantastic opportunities for aspiring, emerging energy companies to participate in the profitability. I trade primarily from technical analysis and tapped USEHE as a trade with significant upside potential.
Based in Houston, US Energy Holdings, Inc. (www.usenergyholdings.com) is a fully reporting US Energy Company. Its activities are focused solely on United States Energy Resources. The company currently has 3,000,000 shares outstanding. "
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matto - I figured you did not catch the post title - the stock symbol does not stick out - I liked the title of yours better - catches the eye much better and the more eyes it catches, that's what counts!
Posts: 507 | From: Rochester, NY | Registered: May 2005
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Hey matto, what do you think of GTEC.OB. News out tonight. Yahoo:Press Release Source: Genesis Technology Group, Inc. -------------------------------------------------- Genesis Files Financial Report Showing Profitability With Sustainability in 'Historic Turnaround' Monday May 1, 5:30 pm ET
BOCA RATON, Fla., May 1, 2006 (PRIMEZONE) -- Genesis Technology Group, Inc. (OTC BB:GTEC.OB - News), today released its 10-QSB for the second quarter of the current fiscal year. Company Chief Financial Officer Adam Wasserman offered an analysis of ``the first profitable quarter in the history of Genesis,'' with net income exceeding $500,000; a current cash position totaling approximately $1.9 million; all while overhead continues declining significantly.
ADVERTISEMENT Mr. Wasserman, who has served as the Genesis CFO since its founding in October 2001, reported: ``The financial condition of the Company shows significant improvement. For the three months ended March 31, 2006, we reported net income of $501,634 or $0.00 per common share, compared to a net loss of $(1,250,874) or $(0.02) per common share for the three months ended March 31, 2005, a positive gain of $1,752,508.
``Also, for the three months ended March 31, 2006, our total operating expenses decreased by $334,218 compared to the three months ended March 31, 2005. To add to this impressive turnaround, through the sale of marketable securities that the Company had previously received for services rendered, our cash position was over $1,000,000 at March 31, 2006 and approximately $1,900,000 as of today.
``This is an impressive, historic turnaround by any standards, and we believe that this news will be positively received by our shareholders and the Wall Street investment community alike. It marks the first profitable quarter in the history of Genesis and with cash in the bank, the Company can continue to implement its business model that indicates sustainability and growth for its future,'' forecasted CFO Wasserman.
Kenneth Clinton, Company President, who soon will be departing for China to meet with Chinese partners and to attend the Annual Shareholders Meeting in Beijing, commented: ``This quarter underscores that we are on track to deliver on our long-term growth targets. Spurred by determination and execution of our model, we stabilized some challenging issues and have effectively balanced results across our global operations.
``Genesis increased its level of marketing investment some quarters ago, and it has delivered growth and profitability that is helping to drive our business. This gives us great confidence that we will achieve our business objectives and, in doing so, create sustained growth and value for the benefit of our shareowners and other stakeholders,'' concluded Mr. Clinton.
Note: The Annual Shareholders Meeting has been scheduled for Friday, May 19, 2006, at 1 o'clock p.m. at the China World Hotel in Beijing, China, located at No. 1 Jianguomenwai Avenue; telephone (8610) 6505-2266, facsimile (8610) 6505-0828, email cwh*shangri-la.com and website http://www.shangri-la.com. The Company will also make a presentation at the Friedland Investment Events' Micro-Cap 2006 Conference this Wednesday, May 3, 2006 in New York City. For more information, refer to http://www.friedlandcorporateinvestorservices.com.
About Genesis Technology Group, Inc.
Genesis Technology Group, Inc. is a business development firm that fosters bilateral commerce between Western and Chinese companies. The Company has offices in the United States and China. A majority-owned subsidiary of Genesis, Genesis Equity Partners, LLC assists Chinese and Western companies in formulating strategies to increase equity value, while targeting Western stock exchanges as a source of capital and shareholder support. The core strength of GEP management is creating a first rate plan to create investor awareness and bring in long-term individual and institutional investors. GEP should create liquidity in the stock and gain investor awareness by using tested channels of communications by cogently articulating the companies' stories. GEP has built successful channels with expertise in screening and selecting Chinese companies that possess solid business histories and professional management, and North American public companies and shells that possess a shareholder base and a history of auditing and filing, as required by the US Securities & Exchange Commission. For more information, visit http://www.genesis-technology.net.
Safe Harbor Statement
Certain statements set forth in this press release constitute ``forward-looking statements.'' Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words ``estimate,'' ``project,'' ``intend,'' ``forecast,'' ``anticipate,'' ``plan,'' ``planning,'' ``expect,'' ``believe,'' ``will likely,'' ``should,'' ``could,'' ``would,'' ``may'' or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- especially those relating to China, activities of competitors and the presence of new or additional competition, and changes in Federal or State laws, restrictions and regulations on doing business in a foreign country, in particular China, and conditions of equity markets. More information about the potential factors that could affect the Company's business and financial results is included in the Company's filings, available via the United States Securities and Exchange Commission.
Contact:
Genesis Technology Group, Inc. Kenneth Clinton kenclinton*genesis-technology.net (561) 988-9880
Source: Genesis Technology Group, In
Posts: 354 | From: Novi, MI | Registered: Apr 2006
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