Sylios Corp. (fka UNGS)

[TheHungryHippo]

DD on Assets of UNGS.

a detailed look into Wayne Anderson, and the natural gas properties that were sold. They are in fact real, and on file with the SEC since early 2000's.

Here is where Wayne Anderson Acquired the West Virginia Property.

http://www.sec.gov/Archives/edgar/data/1448695/000101376210003124/ex101.htm

more evidence.

http://www.sec.gov/Archives/edgar/data/1448695/000101376210003124/ex101.htm

________________________________________________

Ok so this Natural Gas Property came from WILON RESOURCES guys.

Harry Thompson is the main player here from WILON. This is all very old information. PEOPLE. Oil and Gas assets are traded amongst buyers and sellers all the time in the stock market. They are used to leverage companies balance sheets. Trust me I know. But check this out. Here is info I found on WILON and how legitmate this natural gas property is.

This was taken from an SB-2 Registration Statement filed with the SEC in 2004

WILON RESOURCES.

We were formed under the laws of Tennessee as Wilon Resources, Inc., on October 1, 1998 to engage in the production of natural gas. From October, 1998 to February, 1999, we entered into 13 leases in Wayne County, West Virginia which contained a total of 31 producing natural gas wells, a gathering system, pipelines and meters. The leases, known as the Trace Fork Group, were with a number of nonaffiliated third parties and called for the payment of an annual acreage fee of $2 per acre (if non-producing) or a 12.5% royalty fee if producing. In addition, royalty of 12.5% on revenues are before the deduction of taxes and costs of maintaining the wells. The thirteen leases encompass between two to three thousand acres. The Company has an 100% working interest in all leases with no unaffiliated third party ownership.

Through 1999, we replaced three compressors in the system in order to more efficiently deliver natural gas and we also reworked all the wells, including cleaning them out, replacing valves and fittings, replacing tubing, improving access roads, repairing drainage systems, replacing parts of the gathering system and repairing and replacing parts of the pipelines. Sales of natural gas were made to nonaffiliated companies, Alliance Energy Partners representing over 90% of the sales. Presently, the majority of the wells on the Wayne County properties are undergoing routine maintenance. Maintenance cost averages $250 per day per well.

In January, 1999, we purchased 41 natural gas wells in Wayne County, West Virginia from Myers Drilling Company, Inc., at a cost of $80,000. The wells and leases encompass approximately six thousand acres. Thirty of the wells are presently being reworked at a cost of $10,000 per well. After the completion of the purchase of the property, we commenced to place a few of the operating natural gas wells into production. Pipe joints had to be replaced as the gas pressure exceeded the aggregate limits of the joints. Most of the wells had to be cleaned out, valves and fittings were replaced, meters repaired, tubing replaced, gathering system up graded, pipelines repaired and replaced, and the drainage system improved.

We also acquired an additional 17 natural gas wells in the same area of operation in September, 1999 at a cost of $45,000. These natural gas wells had not been in operation for a number of years and needed extensive work done to make them operational. The work included cleaning out, replacing valves and fittings, replacing tubing and laying of lines for the gathering system to deliver gas to the main pipeline.

In the year 2001, the Company acquired the mineral rights of 11 acres in Magoffin County, Kentucky. These leases are under the same terms and conditions as the leases in Wayne County, West Virginia, with annual acreage fee of $2 per acre (if non-producing) or a 12.5% royalty fee if producing. In addition, royalty of 12.5% on revenues are before the deduction of taxes and costs of maintaining the wells. All thirteen wells are producing with a range of 48% to 56% operating profit.

http://www.nasdaq.com/markets/ipos/filing.ashx?filingid=2886956

CONSENT OF INDEPENDENT ENGINEERING CONSULTANT

I hereby consent to the use of my analysis relating to the evaluation of gas reserves to the interest of Wilon Resources, Inc. in certain properties located in various states, pursuant to the requirements of the Securities and Exchange Commission, effective September 30, 2003 and March 31, 2004, for use in Wilon Resources, Inc.'s Registration Statement on Form SB-2, and to all references therein as having prepared such analysis and as an expert concerning such analysis.

/s/ Steven P. Kohler
---------------------------------------

Steven P. Kohler
Engineering Consultant

http://www.stevenpkohler.com/Contact.html


OK SO NOW CHECK THIS OUT: WAYNE ANDERSON PURCHASES WILON RESOURCES

http://studio-5.financialcontent.com/edgar?accesscode=119312507145432

Acquisition Proposal of $.93/share for Wilon Resources, Inc.

Dear Mr. Thompson,

This letter is not meant to attack you nor the Board of Directors. It is a simple plea to allow the Company to be managed on a day to day basis by a group more devoted to shareholders. Since our last offer to acquire all outstanding shares of Wilon Resources, Inc, you have elected to keep the channels of communication locked not only to our group but all shareholders as well. I am not sure what it will ever take to break this silence. At his time, we are submitting a cash offer to acquire all of the outstanding shares of Wilon Resources, Inc for $.93 per share. This proposal translates to a total purchase price of $14,628,745 based on the same number of shares outstanding in our last offer of 15,729,834.

While we certainly feel that the stipulations outlined in our March 13, 2007 offer are justified, we are willing to concede several of these to help expedite this acquisition. A few of the points we are steadfast upon include:


1. Harry Thompson, the entire Board of Directors, and all personnel return and dissolve any shares issued outside of those on record in the January 12, 2007 Form 10 filing.


2. The 176 acres purchased by Mr. Thompson through Harlis Trust, titled as Hattens Creek Butler District document #312968395 in the Wayne County, WV county documents, shall be transferred back to the Company with a clean title. The Amine plant housed on this acreage shall be solely owned by the bidding group upon closure.


3. All wells that Wilon Resources, Inc maintains any percentage of equity ownership within the states of West Virginia and Kentucky must be reworked, repaired, or blown out prior to closure. In summary, all wells and the gathering systems responsible for delivery must be in good repair, in proper working order, and in compliance in the states with which they are producing.


4. All stock in Wilon Gathering and B.T.U Pipeline shall be transferred to the bidding group upon closure. Both companies shall be debt free at the time of closure or Mr. Thompson shall pay off all debts prior to the transfer of said stock in both companies.


5. The connection between Wilon Gathering/Wilon Resources and Columbia Natural Resources and/or Columbia Gas Transmission shall be finalized and operational.


6. The pipelines owned by Wilon Gathering and/or and other Harry Thompson entity, within the states of West Virginia and Kentucky, shall be completed and operational


7. The bidding group shall be given 60 days from the date of execution of the formal acquisition agreement for due diligence.

We do not feel that any of these stipulations are extraordinarily burdensome. In fact, many of these items are what shareholders have been promised over these past two years while the Company remain shut-in. We are free to discuss any of the items mentioned in this letter, or anything you feel may be pertinent to complete this acquisition.

We ask that you reply to our offer within a reasonable time. This offer will expire on July 9th at 5:00 pm EST. Once again, if you feel a face to face discussion over the proposal will assist in your decision please know that we will be more than willing to honor this request.

Sincerely,



/s/ Wayne Anderson
Wayne Anderson
As Managing Member
Around the Clock Trading and Capital Management, LLC
General Partner of Around the Clock Partners, LP


July 12, 2004


UNGS ACQUIRES WILON:

Wilon Resources, Inc. Announces Changes to Management and Board of Directors.

Effective with the November 19, 2009 closing of the securities purchase agreement between the past president, Mr. Harry Thompson, and E 2 Investments, LLC, a subsidiary of Adventure Energy, Inc., all officers and directors of Wilon Resources resigned in their official capacity. Mr. Wayne Anderson, President of Adventure Energy, Inc., assumed the role of interim President and Chairman.

http://www.thefreelibrary.com/Wilon+Resources,+Inc.+Announces+Changes+to+Management+and+Board+of...-a0215479780

http://www.sec.gov/Archives/edgar/data/1448695/000101376211000954/ex36.pdf

Now here is the link that shows how Wayne Anderson and UNGS took the remainder of ownership of that lease, and it also explains how and why UNGS was reverse split last year. I.E. They had convertibles with Harry Thompson, and Tangiers for financing.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=6796907

See Mr. Anderson is very well experienced in Oil and Gas Asset dispositions.

But Also MERGERS.

http://www.sec.gov/Archives/edgar/data/1448695/000101376211000954/ex36.pdf

AND WILL YOU LOOK AT THAT.

THE HOLY GRAIL OF MERGERS: THE 8K

http://doc.morningstar.com/document/5e0855d41e30fdb1484430c781a9c780.msdoc/?clientid=morningstareurope&key=b05d173f8e969ca1


Here is some updates on his progress in 2010. So he was trying to ressurrect this lease and make it producing again. IDK if he was successful with it or what.. I havent read the recent updates...
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ajcyQN7N.aO8
http://biz.yahoo.com/e/100521/ungs.pk10-q.html

BUT it becomes obvious to me that Mr. Anderson is ready to get out of this lease property in W.V.

Will the New 8k for Signifi hit the wires soon?
I think it will. You see guys. Mr. Anderson has done this before.

LONG on UNGS

til the end.