TAMPA, Florida, Jan. 13, 2011/PRNewswire / - proper power and energy, Inc. (OTC Bulletin Board: PPWE.)(OB) on a Wall Street Journal article titled "oil rise a sticky situation for recovery" commented. (January 12, 2011 section C). The article discussed the current environment of rising oil prices and their impact on consumers and the upcoming economic recovery. Oil prices by almost $90 per barrel fear returns consumer oil prices to your 2008 levels when oil over $145 a barrel reached. "A 2008 - style shock not certainty, but an upward trend is clear." Goldman Sachs expects to average $100 a barrel in this year…. "The article is cited oil prices."
Proper power started leased production on his Kentucky oil asset, in addition to the 11,000 hectares for its exploratory view in Utah. The Utah view has the potential for more than 75 wells. The company believes the Utah property contains very substantial recoverable reserves specified by seismic and radiometric analysis.
"The company benefit from these price increases as it produces oil asset his Kentucky when creating the strategy for our exploration prospect in Utah," said President of American resources, Andrew j. Kacic. American resources is a wholly owned subsidiary makes right.
"Having met data with industry relationships with Mr. Dunbar and on the review of the company, I think a robust exploratory prospect, Utah," said Douglas Kiggins, proper power consultants. "In more due diligence, the Anshultz has Ranch field, southwest of the correct power prospect, one billion b.o.e.. (barrels of matches) date on the same geological structure as proper it's produced."
Through proper and energy:
Right and energy was founded in 2006 company for oil and gas exploration and production. The organisation committed to use a very dynamic system of research and experimentation and as a result of extensive research and testing, multiple websites with very good to excellent potential for productivity have chosen.
Safe Harbor statement:
Certain statements in this press release are forward-looking statements based on management's expectations, estimates, forecasts and assumptions. Are words such as "expect", "anticipate", "plan", "believe", "planned", "estimates" and variations of the words and similar expressions identify forward-looking statements. Forward-looking statements are in accordance with the safe harbor provisions of the formed the private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Therefore the actual future results and trends may differ from what is projected forward-looking statements due to a variety of factors in the future. All forward-looking statements speak only as the date of this press release and the company assumes no obligation to update or publicly release any revisions to these forward-looking statements to events, to take account of circumstances or changes in expectations after the date of this press release.
Contact information
Corporate: Nicole Propp
Nicole@properpower.com
IR Contact:
DC consulting, LLC
(407) 792-3332
investorinfo@dcconsultingllc.com
Source: Proper power and energy, Inc.
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Tags: American resources Andrew Kacic, Anshultz Ranch, DC consulting, Douglas Kiggins, Goldman Sachs, Nicole Propp, oil prices, OTC: PPWE, PPWE, PPWE.OB, proper energy, proper power, proper and energy, Wall Street, Wall Street Journal
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