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American Mineral Group, Inc. (SUGO)

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Last Post: 5/25/2013 10:02:03 AM - Followers: 358 - Board type: Free - Posts Today: 6
 

 

 

JOHNSTON, R.I., Feb. 28, 2013 /PRNewswire/ -- Sungro Minerals, Inc. (SUGO) a Diversified Exploration Stage Mining Company, announced today that it has acquired a twenty eight percent (28%) interest in the Grande Chenier Field in Cameron Parish, LA from Sigma Gamma Interests, LLC.  The interest was acquired for $2.0 million.  The property, which was evaluated by Netherland, Sewell & Associates, Inc. a worldwide petroleum consultant, has an estimated net present value in excess of $100 million dollars with proven reserves in excess of $8.0 million. 

Sungro expects that in the next few weeks, it will assume the responsibility as the Operator of Record and contract with the necessary professionals to begin production on the Nunez 1 well.

Erwin Vahlsing, Jr., our CFO stated, "With this acquisition, Sungro expects to achieve profitability and be cash flow positive within our fiscal second quarter beginning March 1st." 






Oil / Gas


 

Grande Cheniere Field Cameron Parish, Louisiana


 


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Grande Cheniere Field Report

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SUGO
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SUGO Detailed Quote Wiki
SUGO News: American Mineral Group, Inc. (SUGOD: OTC Link) | Symbol Change 05/21/2013 01:02:03 AM
SUGO News: Deleted Symbol 04/24/2013 01:01:37 AM
SUGO News: Ex-Dividend 04/23/2013 08:00:21 PM
SUGO News: Scheduled Ex-Dividend 04/23/2013 08:00:09 PM
SUGO News: Sungro announces Acquisition of Oil & Gas Interest 02/28/2013 08:47:00 AM
PostSubject
#37800  Sticky Note These are not cheap shares at all. SUGO(D) space1230 05/05/13 10:42:41 PM
#37780  Sticky Note Penny land soon!! Mad Man 05/05/13 01:41:22 AM
#37725  Sticky Note SUGOD - 15,135,230 issued and outstanding trader53 04/30/13 06:22:14 PM
#37587  Sticky Note BEWARE SUGO has been approved for a 1-125 Reverse BigBake1 04/23/13 02:39:59 PM
#38236   They owe a 10K, and have failed to BigBake1 05/25/13 10:02:03 AM
#38235   Expect SUGO 10-Q near mid - July trader53 05/25/13 09:53:09 AM
#38234   I have to research this but I think BigBake1 05/25/13 09:39:53 AM
#38233   Where is the 8K detailing such an agreement BigBake1 05/25/13 09:38:18 AM
#38232   Those pesky forward looking statements... Don 05/25/13 08:49:23 AM
#38231   SUGO - American Mineral Group, Inc. trader53 05/25/13 06:47:29 AM
#38230   What's the difference? Sugo doesn't trade. .007 is space1230 05/24/13 01:09:50 PM
#38228   Crude Oil - Big picture ctrumabll 05/24/13 11:16:54 AM
#38227   And selling like hot cakes I see... Don 05/24/13 10:20:02 AM
#38225   Doesn't matter SUGO has no connection to crude BigBake1 05/24/13 10:16:08 AM
#38224   Crude Oil - Big picture trader53 05/24/13 10:14:02 AM
#38223   Looks like SUGO is gonna tank big oil now.... Don 05/24/13 09:33:57 AM
#38222   still waiting on the new issue SUGO shares....slow Daily Dollars 05/23/13 11:11:01 PM
#38221   You can't expect SUGO management to be in ctrumabll 05/23/13 06:47:55 PM
#38220   Sent an email message and left a message moras 05/23/13 05:12:31 PM
#38219   SUGO ~ Has anyone spoken with the company TopPenny 05/22/13 09:04:02 PM
#38217   Meet the new boss, same as the old boss... ctrumabll 05/21/13 12:38:39 PM
#38215   It has already been issued today it is BigBake1 05/21/13 11:45:19 AM
#38214   coming grillitguy 05/21/13 11:44:25 AM
#38213   The new symbol is SUGO: BigBake1 05/21/13 10:46:08 AM
#38212   Great can't wait for the new symbol!!! Mad Man 05/21/13 10:43:52 AM
#38211   SUGO is the ticker symbol for this pile... BigBake1 05/21/13 10:11:50 AM
#38210   Oops. Looks like the same ticker... SUGO. waterchaser 05/21/13 10:03:49 AM
#38209   Same company, same ticker, same habits. waterchaser 05/21/13 09:54:59 AM
#38208   SUGO diluting pig in short term and diluting ctrumabll 05/21/13 09:48:55 AM
#38207   Watch out below! "New" company begins it's decline. waterchaser 05/21/13 09:02:12 AM
#38206   D is gone..SUGO grillitguy 05/21/13 08:56:53 AM
#38205   Ha! Imagine that. Same company, same symbol. waterchaser 05/21/13 08:51:47 AM
#38204   SUGO is the new symbol for American Mineral Group. Daily Dollars 05/21/13 06:49:48 AM
#38203   SUGOD Bullish in short term and very bullish Daily Dollars 05/20/13 07:50:03 PM
#38202   Those may be mutually exclusive... Don 05/20/13 07:25:36 PM
#38201   Don't know what sugo is ?? Waiting for Mad Man 05/20/13 07:19:53 PM
#38200   Zero volume- again. ctrumabll 05/20/13 05:04:53 PM
#38199   more like the "stand off" awaiting for sugo space1230 05/20/13 04:43:24 PM
#38198   The calm before the storm! Mad Man 05/20/13 04:38:16 PM
#38197   sad, eh? grillitguy 05/20/13 02:36:16 PM
#38196   Is SUGO sleeping, or just plain dead? waterchaser 05/20/13 02:13:09 PM
#38193   Tell me again how SUGO(D) generates revenue? ctrumabll 05/20/13 01:41:12 PM
#38192   Sleeping GIANT, IMO. ctrumabll 05/20/13 01:38:53 PM
#38191   Correct, except for the "go way up" part. waterchaser 05/20/13 12:39:04 PM
#38190   American Mineral Group - like most tickers in Daily Dollars 05/20/13 12:37:38 PM
#38188  Restored This will always be the same SUGO. waterchaser 05/19/13 08:43:11 PM
#38187   New Ticker, New pps, New beginning, on Wed maybe! trader53 05/19/13 08:38:24 PM
#38185   Hang in there nice profits are on tap. Daily Dollars 05/19/13 05:58:30 PM
#38184  Restored New ticker, same smelly SUGO. waterchaser 05/19/13 05:56:32 PM
#38183   Looking forward to a shiny new week with Daily Dollars 05/19/13 05:52:33 PM
#38182   this really is sad----the definition of the pinkies. LA4321 05/19/13 08:32:58 AM
#38181   But SUGO was supposed to be on fire waterchaser 05/19/13 08:20:50 AM
#38180   AMGI will soon be ON-FIRE!!GO SUGO!! ON-Fire 05/19/13 07:26:52 AM
#38179   with the right news this puppy is gone. grillitguy 05/19/13 07:12:04 AM
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