Allstocks.com's Bulletin Board Post New Topic  New Poll  Post A Reply
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » Micro Penny Stocks, Penny Stocks $0.10 & Under » USOG News US Oil An Gas

 - UBBFriend: Email this page to someone!    
Author Topic: USOG News US Oil An Gas
flatrader
Member


Rate Member
Icon 1 posted      Profile for flatrader     Send New Private Message       Edit/Delete Post   Reply With Quote 
USOG News US Oil An Gas
Rising Cost of Oil Impacts United States Oil and Gas Corp Revenues

United States Oil An (USOTC:USOG)
Intraday Stock Chart
Today : Friday 11 March 2011

United States Oil and Gas Corp, listed on the OTCQB (OTCQB: USOG) (PINKSHEETS: USOG), is pleased to update its shareholders about the impact of the recent global increase in the price of oil.

Over the last four weeks the wholesale cost of fuel has increased approximately 22% due to the sharp increase in the global price of oil. However, due to the nature of our business, this has translated into a corresponding increase in sales revenue with little to no impact on profit margins. Company President, Alex Tawse, commented, "This is one of the reasons we pursued this particular growth strategy. The types of businesses we invested in along with the regions of the country in which they operate, provides a layer of protection against volatility in price of fuel."

The wholesale cost of propane has also increased but not by nearly as much. In fact propane sales volume at our North Dakota subsidiary for the two months ending February 28, 2011 are up about 12-13% over the same period in 2010. Mike Werner, manager of wholly owned subsidiary United Oil in Bottineau, North Dakota, added, "The increase in fuel is causing some customers to wait on their orders but it has not affected margin. Propane sales remain strong and the 150+ customers we added in 2010 have added to our revenue base."

The company remains committed to its strategy of selling a variety of fuel sources and building upon sales within the regions it knows well.

In addition, the Company would like to clarify a statement from its press release dated March 7, 2011. The Company is targeting an eventual move to the NYSE Amex exchange in the future, not the NYSE "big board."

About USOG


United States Oil and Gas Corp (OTCQB: USOG) is an oil and gas products, services and technology company headquartered in Austin, Texas. Through our subsidiaries, we market and distribute refined oil and gas (diesel, gasoline, propane, high octane racing fuels and lubricants) to wholesale and retail customers in the United States. We own all of the plant storage, transportation and maintenance equipment used at our locations in Plainville and Utica, Kansas. We own and operate a gas station and convenience store in Belcourt, and hold approximately six acres of developable land in Bottineau, North Dakota. We are focused on acquiring and growing domestic mid size family-run oil and gas services businesses with historically profitable results, strong balance sheets, high profit margins, and solid management teams in place.

The Company has tried to identify any forward-looking statements contained in this press release using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or provide advice in the event of any change, addition or alteration to the information catered in this press release including such forward-looking statements. Refer to "Item 1A - Risk Factors" in our registration on Form 10 filed with the Securities and Exchange Commission for a discussion regarding our exposure to risks. Additionally, new risk factors emerge from time to time and it is not possible for us to predict all such factors, nor to assess the impact such factors might have on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.

Contact:

James Crimi

Investor Relations

+1-512-464-1226

Email Contact

Posts: 195 | From: Florida | Registered: Feb 2010  |  IP: Logged | Report this post to a Moderator
beacher
Member


Rate Member
Icon 1 posted      Profile for beacher     Send New Private Message       Edit/Delete Post   Reply With Quote 
USOG has some good gainage [Smile] Waiting for that GREAT bounce
Posts: 364 | Registered: Mar 2010  |  IP: Logged | Report this post to a Moderator
beacher
Member


Rate Member
Icon 1 posted      Profile for beacher     Send New Private Message       Edit/Delete Post   Reply With Quote 
USOG has a four step approach:

1 Find and negotiate the acquisition of small to midsize oil and gas companies that have strong financial track records and experienced management. USOG's method of identifying and securing acquisitions meet the following criteria:
a.Solid growth history
b.Profitable
c.Opportunity to increase profits
d.Strong management team willing to stay on board for minimum of three years
e.Little or no debt on the books
These companies are primarily successful family owned businesses that are looking for a way to increase market presence and provide financial security for the owners while at the same time leading further growth and technological advancement. USOG offers all of that by taking the company to the public marketplace, providing valuable business management experience to identify operating efficiencies, linking companies together synergistically, and providing technical expertise and technology to their already successful businesses.
2 Develop "green" technologies that will improve efficiency, reduce damage to the environment, and provide positive marketing to the investment community. USOG has a patent that forms the proprietary base for our research and development efforts. We believe that this intellectual property and our technology base provide a competitive advantage and will facilitate the successful development and commercialization of techniques and devices for use in a wide array of alternative green oil and natural gas search, discovery and extraction approaches.
3 Apply the technology and gain efficiencies from synergies provided by the multiple acquisitions.USOG will improve the operations of the companies acquired and possibly license its technology for increased revenue. USOG will also take advantage of the opportunity to gain efficiencies from the consolidation of its acquisitions. The company managers will have the opportunity to share best practices and work together to gain market share and drive growth to the bottom line.
4 Continuously work towards increasing market awareness and move the stock to larger public markets. Currently listed in the OTC Market, USOG is working towards moving to more senior exchanges. This should be facilitated by the current acquisitions as well as additional prospects. USOG has experienced personnel to improve market awareness and gradually increase institutional holding of the stock. Value should come from continued growth through acquisition and deployment of developed technologies.

Posts: 364 | Registered: Mar 2010  |  IP: Logged | Report this post to a Moderator
beacher
Member


Rate Member
Icon 1 posted      Profile for beacher     Send New Private Message       Edit/Delete Post   Reply With Quote 
volume in amazing gainage is steaming up for the pour out IMO
Posts: 364 | Registered: Mar 2010  |  IP: Logged | Report this post to a Moderator
wolyton
Member


Rate Member
Icon 1 posted      Profile for wolyton     Send New Private Message       Edit/Delete Post   Reply With Quote 
AUSTIN, TX, Mar 11, 2011 (MARKETWIRE via COMTEX) -- United States Oil and Gas Corp, listed on the OTCQB (OTCQB: USOG) (PINKSHEETS: USOG), is pleased to update its shareholders about the impact of the recent global increase in the price of oil.
Over the last four weeks the wholesale cost of fuel has increased approximately 22% due to the sharp increase in the global price of oil. However, due to the nature of our business, this has translated into a corresponding increase in sales revenue with little to no impact on profit margins. Company President, Alex Tawse, commented, "This is one of the reasons we pursued this particular growth strategy. The types of businesses we invested in along with the regions of the country in which they operate, provides a layer of protection against volatility in price of fuel."

The wholesale cost of propane has also increased but not by nearly as much. In fact propane sales volume at our North Dakota subsidiary for the two months ending February 28, 2011 are up about 12-13% over the same period in 2010. Mike Werner, manager of wholly owned subsidiary United Oil in Bottineau, North Dakota, added, "The increase in fuel is causing some customers to wait on their orders but it has not affected margin. Propane sales remain strong and the 150+ customers we added in 2010 have added to our revenue base."

The company remains committed to its strategy of selling a variety of fuel sources and building upon sales within the regions it knows well.

In addition, the Company would like to clarify a statement from its press release dated March 7, 2011. The Company is targeting an eventual move to the NYSE Amex exchange in the future, not the NYSE "big board."

--------------------
what i post is my opinion

Posts: 304 | Registered: Sep 2009  |  IP: Logged | Report this post to a Moderator
wolyton
Member


Rate Member
Icon 1 posted      Profile for wolyton     Send New Private Message       Edit/Delete Post   Reply With Quote 
About USOG

United States Oil and Gas Corp (OTCQB: USOG) is an oil and gas products, services and technology company headquartered in Austin, Texas. Through our subsidiaries, we market and distribute refined oil and gas (diesel, gasoline, propane, high octane racing fuels and lubricants) to wholesale and retail customers in the United States. We own all of the plant storage, transportation and maintenance equipment used at our locations in Plainville and Utica, Kansas. We own and operate a gas station and convenience store in Belcourt, and hold approximately six acres of developable land in Bottineau, North Dakota. We are focused on acquiring and growing domestic mid size family-run oil and gas services businesses with historically profitable results, strong balance sheets, high profit margins, and solid management teams in place.

The Company has tried to identify any forward-looking statements contained in this press release using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or provide advice in the event of any change, addition or alteration to the information catered in this press release including such forward-looking statements. Refer to "Item 1A - Risk Factors" in our registration on Form 10 filed with the Securities and Exchange Commission for a discussion regarding our exposure to risks. Additionally, new risk factors emerge from time to time and it is not possible for us to predict all such factors, nor to assess the impact such factors might have on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.

--------------------
what i post is my opinion

Posts: 304 | Registered: Sep 2009  |  IP: Logged | Report this post to a Moderator
beacher
Member


Rate Member
Icon 1 posted      Profile for beacher     Send New Private Message       Edit/Delete Post   Reply With Quote 
nice close today volume was rockin!!!
Posts: 364 | Registered: Mar 2010  |  IP: Logged | Report this post to a Moderator
   

Quick Reply
Message:

HTML is not enabled.
UBB Code™ is enabled.

Instant Graemlins
   


Post New Topic  New Poll  Post A Reply Close Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2021 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share