HEMP: We will cultivate and produce the following product lines in HEMP
(once paired with a farmer which we currently have several options for in legal states where Hemp farming is now allowed)
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
We should see some nice alerts for $UYMG today!
Small float, could be a thin ride on the ask today for UYMG
A lot of buzz lately with UYMG, had a nice close yesterday
MOMO coming to $UYMG
I like seeing $UYMG on the most active forums list!
#3 on the breakout boards now, moving up fast here
UYMG
UYMG peep seeing the potential should be breakout day
Lot's of eyes on $UYMG today!
UYMG Short Selling Data
Short Interest 0 (-100%)
Mar 30, 2012
Significant Failures to Deliver No
$UYMG on the breakout boards!
Looks like a solid winner here imo, should see some nice action today!
UYMG
UYMG Shareholders
Shareholders of Record 44 a/o Jan 27, 2012
UYMG Share Structure
Market Value1 $547,096 a/o May 16, 2012
Shares Outstanding 165,786,620 a/o Apr 16, 2012
Float 162,189,460 a/o Apr 16, 2012
Authorized Shares 240,000,000 a/o Apr 16, 2012
Par Value 0.001
UYMG Valuation Measures
Market Cap (intraday)5: 0.00
Enterprise Value (May 17, 2012)3: 601.00K
Great $UYMG dd, thank you!
$UYMG on full alert today!
Nice to see $UYMG boardmarks on the rise
Is it active? Is there a revenue stream? Can you find it in their version of "financials"?
Reposting the old crap just manipulates the board position.
Breaking a 3 line blurb into 20 or 30 posts is rediculous.
JMO
Market Value $580,253 a/o May 11, 2012 UYMG
United Healthcare Solutions- is a healthcare company containing a medical, vision and dental discount plan, PPO network, and HMO, based in Nevada, and looking to expand nationwide. Access to skilled leadership, managed care expertise, information systems, and economies of scale are major benefits this company has to offer.
UYMG
Hitting the active boards, a lot of new eyes this week on UYMG
Low floater, nice structure here for a run to pennyland!
UYMG
This low floater could trade nice and thin today, volume has been picking up
UYMG
Oh boyyyy, the ticker killers have arrived. My .0002 may fill with the worthless posts being spammed for $$.
UYMG
Unity Management Group, Inc. Acquires On Track Technology Inc.
Third Acquisition Since October 2011 Diversifies Unity Management Group's Revenue Stream
EAST HANOVER, NJ, May 15, 2012 (MARKETWIRE via COMTEX) -- Unity Management Group, Inc. (PINKSHEETS: UYMG), a growing health resource company, today announced the acquisition of Texas-based On Track Technology Inc. in a transaction that expands the company's geographic coverage and diversifies its revenue stream. On Track Technology Inc. initiates, operates, and develops Enhanced Oil Recovery (EOR) opportunities within qualifying oil reservoirs in the United States using its Enhanced Oil Recovery method and technique.
Throughout the United States there are primary depleted oil reservoirs representing billions of barrels of oil that lend themselves to the use and exploitation of Enhanced Oil Recovery and On Track Technology Inc.'s proven patented technology. Without EOR technology, these reservoirs will produce only about 20% of their Original Oil in Place. Gas injection EOR is a proven method that has been in use over the last 50 years in the oil fields of West Texas, Kansas, Oklahoma, Michigan, Wyoming and Oklahoma. Terms of the acquisition were not disclosed per a confidentiality agreement with On Track Technology founders.
The transaction marks Unity Management Group's second strategic acquisition in 2012 and its third since October 2011. In October 2011 Unity Management Group acquired Metropolitan Computing Corp. (or MCC) as a wholly owned subsidiary. In February 2012, MCC agreed to acquire Donald A. Myers Machining and Manufacturing Service.
"The acquisition of On Track Technology will add diversification and growth to our portfolio of companies," said Unity Management Group President, Michael Oliver. "We are very optimistic on the outlook for the oil market in coming years. The fact that three of the top four Fortune 500 companies are oil companies for the second straight year provides a glowing outlook for the industry."
On Track Technology will maintain its existing corporate offices in Eustace, Texas.
About Unity Management Group, Inc.
Unity Management Group, Inc. views many projects that come into our offices. Our network of contacts in the financial community and our experience facilitates the development of relationships that may lead to financing, joint ventures and other opportunities that are so essential in this age of business and technological relationships.
Unity Management Group, a Business resource company, will continue to provide innovative management services that offer high value and significant return on investment through its three subsidiary companies: Unity Capital Acquisitions, Unity Technologies Inc., and United Business Services Inc.
Unity Technologies Inc. is a complete software solutions company offering billing, electronic medical records, and electronic health records for physicians' offices and hospitals.
Unity Capital Acquisitions will focus on building and accelerating growth oriented companies, with the intent of spinning them out to our shareholders as separate public companies.
For more information please go to our website which can be found at www.unitymanagementgroup.com
www.mcc-online.com
About On Track Technology
On Track Technology Inc. uses multiple patent technologies for Enhanced Oil Recovery (EOR) gas treatment. We will use this patented technology with other proven EOR technology currently used in the industry. Throughout the United States there are primary depleted oil reservoirs representing billions of barrels of oil that lend themselves to the use and exploitation of Enhanced Oil Recovery and On Track Technology Inc.'s proven patented technology. Without EOR technology, these reservoirs will produce only about 20% of their Original Oil in Place. Gas injection EOR is a proven method that has been in use over the last 50 years in the oil fields of West Texas, Kansas, Oklahoma, Michigan, Wyoming and Oklahoma.
For more information please go to On Track Technology's website at www.ontracktechnology.net
Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Unity Management Group, Inc.
Investor Relations
855-413-0755
Hot stock here, looks ready to fly this morning!
UYMG
UYMG
Unity Management Group Reports Fiscal 2011 Year-End Results
--2011 Fiscal Year Revenue Increased 300% to $976,968 over fiscal 2010; --Increase by $733,895, or approximately 301.9% in 2011 was due primarily to sales from MCC; --Unity Management Group is working toward positive cash flow in 2012 through a combination of organic growth and strategic acquisitions.
EAST HANOVER, N.J., May 2, 2012 /PRNewswire via COMTEX/ -- Unity Management Group, Inc. (OTC: UYMG), a growing health resource company, is pleased to report record year-end results for the fiscal year 2011, which ended on December 31, 2011. In order to maintain complete transparency about our progress, Unity Management Group invites shareholders and interested investors to speak with management to discuss these operating results and other topics of interest.
Financial Highlights
For fiscal year 2011, net revenue increased 301.9%% to $976,968 compared with fiscal year 2010 net revenue of $243,073. Increased revenues were generated by Metropolitan Computing Corporation. Unity Management Group is currently working to reduce fixed expenses in order to maintain positive cash flow during 2012.
"In reflecting on fiscal 2011, we are extremely pleased with the progress the Company has made both financially and operationally," said Michael Oliver, President of Unity Management Group. "Our ongoing investments have enabled us to build a solid foundation of core technology, support continued levels of revenue growth, increase our margins, and help us to move towards a vertically integrated business model."
"Consistent with our stated objectives, we plan to continue plans to reduce our indebtedness and increase profitability. We also plan to announce several acquisitions in coming weeks that are complementary to our business model. Our continued execution will allow us to support ongoing growth initiatives and deliver significant operational leverage as our business model progresses. We believe we are better positioned than ever before to take advantage of the opportunity that the Unity Management market presents. We have a tremendous amount of information to get out over the next few weeks, and we believe this will bring tremendous value for our shareholders," Mr. Oliver continued.
About Unity Management Group, Inc.
Unity Management Group, Inc. maintains a network of contacts in the financial community. Our experience facilitates the development of relationships that may lead to financing, joint ventures and other opportunities that are so essential in this age of business and technological relationships.
Unity Management Group, a business resource company, will continue to provide innovative management services that offer high value and significant return on investment through its three subsidiary companies: Unity Capital Acquisitions, Unity Technologies Inc., and United Business Services Inc.
Unity Technologies Inc. is a complete software solutions company offering billing, electronic medical records, and electronic health records for physicians' offices and hospitals.
Unity Capital Acquisitions will focus on building and accelerating growth oriented companies, with the intent of spinning them out to our shareholders as separate public companies.
For more information please visit our websites, which can be found at
www.unitymanagementgroup.com www.mcc-online.com
Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Unity Management Group, Inc.Investor Relations (855) 413-0755
SOURCE Unity Management Group, Inc.
www.prnewswire.com
UYMG
Unity Management Group Announces New Website
EAST HANOVER, N.J., March 30, 2012 /PRNewswire via COMTEX/ -- Unity Management Group, Inc. (OTC: UYMG) (or "the Company") announced today the Company launched its new website at http://unitymanagementgroup.com as part of the continued development and to better reflect the business of the company.
Unity Management Group's website has undergone an extensive renovation designed to make one's visit easier, more informative, and more productive. The new website encompasses an entirely re-designed look that is intended to visually and emotionally impress visitors with the company's extensive product offerings while providing the necessary information to help them make informed purchase decisions. The new website is now in place and fully operational.
Unity Management Group President, Michael Oliver said, "The changes to the website were long overdue. MCC is still an active and viable subsidiary of our company, but we also want to be able to discuss some of the other activities of Unity Management Group." Mr. Oliver continued, "Our new website focuses on some of the other areas of opportunity opening up to our Company."
For more information go to http://unitymanagementgroup.com.
About Unity Management Group, Inc.
Unity Management Group, a health resource company, will continue to provide innovative physician practice management services that offer high value and significant return on investment for physicians practices and hospitals through its three subsidiary companies: Unity Capital Acquisitions, Unity Technologies Inc., and United Business Services Inc.
The first subsidiary, Unity Business Services, is a full service management company offering solutions in practice management, billing, staffing, contracting, licensing, credentialing, and accounting. Unity Business Services also offers assistance in HIPAA compliance, marketing, and unique solutions for practice start-ups and new practices.
Unity Technologies Inc. is a complete software solutions company offering billing, electronic medical records, and electronic health records for physicians' offices and hospitals.
Unity Capital Acquisitions will focus on building and accelerating growth oriented companies, with the intent of spinning them out to our shareholders as separate public companies.
For more information please go to our website which can be found at www.unitymanagementgroup.com www.mcc-online.com
Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Unity Management Group, Inc.Investor Relations(855) 413-0755
SOURCE Unity Management Group, Inc.
www.prnewswire.com
UYMG
Unity Management Group Subsidiary to Focus on Acquisitions
EAST HANOVER, N.J., March 28, 2012 /PRNewswire via COMTEX/ -- Unity Management Group, Inc. (OTC: UYMG) (or "the Company") announced today that the name of its United Healthcare Solutions (UHS) subsidiary has been changed to Unity Capital Acquisitions in order to better reflect its current business and future role in the Company. Unity Capital Acquisitions will focus on building and accelerating growth-oriented companies, with the intent of spinning them out to our shareholders as separate public companies. Originally a Nevada based healthcare company comprised of a medical, vision and dental discount plan, UHS has earmarked several key acquisitions to increase the market capitalization of Unity Management Group's common stock.
Unity Management Group President, Michael Oliver said, "As we moved toward developing our healthcare subsidiary, we consistently found numerous companies with significant potential that were interested in trading publicly. Since the costs of marketing and administration were the biggest setbacks to developing the healthcare discount plan, our research indicates the acquisition side of the business allows us to move much faster and requires less capital." Mr. Oliver continued, "Our network of contacts in the financial community, as well as our experience in the public markets, facilitates the development of relationships that may lead to financing, joint ventures and other opportunities that are so essential in this age of business and technological relationships. We are very excited about this landmark event and are optimistic shareholders will see the benefits of our efforts in the near term."
About Unity Management Group, Inc.
Unity Management Group, a health resource company, will continue to provide innovative physician practice management services that offer high value and significant return on investment for physicians practices and hospitals through its three subsidiary companies: Unity Capital Acquisitions, Unity Technologies Inc., and United Business Services Inc.
The first subsidiary, United Business Services, is a full service management company offering solutions in practice management, billing, staffing, contracting, licensing, credentialing, and accounting. United Business Services also offers assistance in HIPAA compliance, marketing, and unique solutions for practice start-ups and new practices.
Unity Technologies Inc. is a complete software solutions company offering billing, electronic medical records, and electronic health records for physicians' offices and hospitals.
Unity Capital Acquisitions will focus on building and accelerating growth oriented companies, with the intent of spinning them out to our shareholders as separate public companies.
For more information please go to our website which can be found at
www.unitymanagementgroup.com www.mcc-online.com
Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Unity Management Group, Inc. Investor Relations (855) 413-0755
SOURCE Unity Management Group, Inc.
www.prnewswire.com
Unity Management Group $UYMG Reports Fiscal 2011 Year-End Results
--2011 Fiscal Year Revenue Increased 300% to $976,968 over fiscal 2010; --Increase by $733,895, or approximately 301.9% in 2011 was due primarily to sales from MCC; --Unity Management Group is working toward positive cash flow in 2012 through a combination of organic growth and strategic acquisitions.
EAST HANOVER, N.J., May 2, 2012 /PRNewswire via COMTEX/ -- Unity Management Group, Inc. (OTC: UYMG), a growing health resource company, is pleased to report record year-end results for the fiscal year 2011, which ended on December 31, 2011. In order to maintain complete transparency about our progress, Unity Management Group invites shareholders and interested investors to speak with management to discuss these operating results and other topics of interest.
Financial Highlights
For fiscal year 2011, net revenue increased 301.9%% to $976,968 compared with fiscal year 2010 net revenue of $243,073. Increased revenues were generated by Metropolitan Computing Corporation. Unity Management Group is currently working to reduce fixed expenses in order to maintain positive cash flow during 2012.
"In reflecting on fiscal 2011, we are extremely pleased with the progress the Company has made both financially and operationally," said Michael Oliver, President of Unity Management Group. "Our ongoing investments have enabled us to build a solid foundation of core technology, support continued levels of revenue growth, increase our margins, and help us to move towards a vertically integrated business model."
"Consistent with our stated objectives, we plan to continue plans to reduce our indebtedness and increase profitability. We also plan to announce several acquisitions in coming weeks that are complementary to our business model. Our continued execution will allow us to support ongoing growth initiatives and deliver significant operational leverage as our business model progresses. We believe we are better positioned than ever before to take advantage of the opportunity that the Unity Management market presents. We have a tremendous amount of information to get out over the next few weeks, and we believe this will bring tremendous value for our shareholders," Mr. Oliver continued.
About Unity Management Group, Inc.
Unity Management Group, Inc. maintains a network of contacts in the financial community. Our experience facilitates the development of relationships that may lead to financing, joint ventures and other opportunities that are so essential in this age of business and technological relationships.
Unity Management Group, a business resource company, will continue to provide innovative management services that offer high value and significant return on investment through its three subsidiary companies: Unity Capital Acquisitions, Unity Technologies Inc., and United Business Services Inc.
Unity Technologies Inc. is a complete software solutions company offering billing, electronic medical records, and electronic health records for physicians' offices and hospitals.
Unity Capital Acquisitions will focus on building and accelerating growth oriented companies, with the intent of spinning them out to our shareholders as separate public companies.
For more information please visit our websites, which can be found at
www.unitymanagementgroup.com www.mcc-online.com
Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Unity Management Group, Inc.Investor Relations (855) 413-0755
SOURCE Unity Management Group, Inc.
www.prnewswire.com
Copyright (C) 2012 PR Newswire. All rights reserved
-0-
KEYWORD: New Jersey
INDUSTRY KEYWORD: FIN
OTC
HEA
SUBJECT CODE: ERN
Nice green close yesterday, should see some nice volume today
UYMG
UYMG
Acquisition Criteria
Profiles
We would consider the following profiles: 1) manufacturers, 2) importers, 3) suppliers, 4) competitors. These companies should have their headquarters in North America, (at this time) with preference in the United States. However if the US company also has distribution outside of the U.S. this could be considered desirable.
Acquisitions and mergers must be well managed if they are to capture market share and achieve profitability. Acquisition strategies must reflect sensitivity to legal, financial and community factors and to the internal strengths, needs and weaknesses of both organizations.
Mergers and acquisitions (M&A) is one of the main part of the corporate finance world. The aim is to create a bigger company by taking at least two separates companies. Deals can be worth millions of dollars, even billion sometimes (such as the merger between Microsoft and Yahoo! for approximately $44.6 billion).
We often say that the perfect equation for a merger or an acquisition is one plus one makes three. The key principle behind buying a company is to create more value for the shareholders. Two companies together are normally stronger than two companies separate. Both bring its know-how, experience, culture and so on.
There are different reasons why two companies decide to merger or to make an acquisition. It could be because they want to create a more competitive, cost-efficient company, to reduce their costs, for economies of scale reasons as well. Sometimes they know that they can complementary, meaning by merging they can take advantage of both know-how and create a better product because only one company cannot make it by its own.
It is important also, before giving some examples of merger and acquisition to make the distinction between what is a merger and an acquisition.
An acquisition it is when one company takes over another and clearly established itself as the new owner. For example Google's largest acquisition as of March 2008 is the purchase of DoubleClik which is an advertising company.
A merger it is when two companies which most of the time have the same size, agree to go forward as a single new company rather than remain separately owned and operated. For example the merger between Clear Channel and Thomas H. Lee Partners.
One size doesn't fit all. Many companies find that the best way to get ahead is to expand ownership boundaries through mergers and acquisitions. For others, separating the public ownership of a subsidiary or business segment offers more advantages. At least in theory, mergers create synergies and economies of scale, expanding operations and cutting costs. Investors can take comfort in the idea that a merger will deliver enhanced market power.
By contrast, de-merged companies often enjoy improved operating performance thanks to redesigned management incentives. Additional capital can fund growth organically or through acquisition. Meanwhile, investors benefit from the improved information flow from de-merged companies.
M&A comes in all shapes and sizes, and investors need to consider the complex issues involved in M&A. The most beneficial form of equity structure involves a complete analysis of the costs and benefits associated with the deals.
On high alert today UYMG http://www.otcmarkets.com/stock/UYMG/quote
UYMG
Acquisition Criteria
Multiples?
The target multiple we would be willing to pay for the “right” acquisition is between 5 and 7 times earnings.
UYMG
Acquisition Criteria
Target Revenue?
The ideal company target has a revenue size between $10 million and $40 million. Companies under $10 million would certainly be considered. We would like to be made aware of available companies over $40 million, but they would be less likely candidates in the near term.
UYMG
Acquisition Criteria
Gain brand recognition
Brand recognition (Interested, but not for significant premium).?Brand recognition would be a strong plus. However unless the brand drives clear market leverage across our existing line, we do not have a strong desire to pay the premium goodwill often associated with a recognized consumer brand.
Looks like we see .004's very soon imo
UYMG
UYMG
Acquisition Criteria
Sales: leverage current sales team or develop new sales effort?
New or existing sales force (low to moderate interest as a factor)?Company XYZ currently sells primarily through independent sales representatives. An acquisition that also uses independent representatives would therefore be a relatively simple transition, and preferable. However, a company that has a direct sales force could also provide an alternate, or new primary way to market if that sales group is managed reasonably well and, therefore, would also be considered.
UYMG Unity management group inc views many projects that come into our offices. Our network of contacts in the financial community and our experience facilitates the development of relationships that may lead to financing, joint ventures and other opportunities that are so essential in this age of business and technological relationships.
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UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 71723 / March 14, 2014
The U.S. Securities and Exchange Commission announced the temporary suspension,
pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”),
of trading of the securities of Petrotech Oil and Gas, Inc. (“PTOG”), of Bedford, Texas at
9:30 a.m. EDT on March 14, 2014, and terminating at 11:59 p.m. EDT on March 27,
2014.
The Commission temporarily suspended trading in the securities of PTOG because of
questions that have been raised about the accuracy and adequacy of publicly disseminated
information concerning, among other things, the company’s operations.
The Commission acknowledges FINRA’s assistance in this matter.
The Commission cautions brokers, dealers, shareholders, and prospective purchasers that
they should carefully consider the foregoing information along with all other currently
available information and any information subsequently issued by the company.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11
under the Exchange Act, at the termination of the trading suspension, no quotation may
be entered unless and until they have strictly complied with all of the provisions of the
rule. If any broker or dealer has any questions as to whether or not he has complied with
the rule, he should not enter any quotation but immediately contact the staff in the
Division of Trading and Markets, Office of Interpretation and Guidance, at (202) 551-
5777. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he
should refrain from entering quotations relating to PTOG’s securities until such time as
he has familiarized himself with the rule and is certain that all of its provisions have been
met. If any broker or dealer enters any quotation that is in violation of the rule, the
Commission will consider the need for prompt enforcement action.
If any broker, dealer or other person has any information that may relate to this matter,
they should immediately contact Elisha L. Frank, Assistant Regional Director, Miami
Regional Office of the Securities and Exchange Commission at (305) 982-6392.
Feb 20, 2014 | PetroTech Oil and Gas's Subsidiary LP.US Management Group, Inc. Secures Natural Resource Development Program for Cannabis and Hemp Products | Press Release |
Feb 19, 2014 | PetroTech Oil and Gas, Inc. Set to Expand Into Legalized Cannabis Sector | Press Release |
We will cultivate and produce the following product lines in Cannabis top genetic Indica and Sativa strains for both medical and recreational marijuana patients and consumer users:
HEMP: We will cultivate and produce the following product lines in HEMP
(once paired with a farmer which we currently have several options for in legal states where Hemp farming is now allowed)
Starting in the late 1990's PTOG started researching various EOR methods and sources of gases and mixtures of gases to find an alternative gas to pure CO2 for EOR. In doing so, they found that a N2-CO2 mixture was 2-3 times more efficient than CO2 in the recovery of stranded oil. Recently PTOG has been introduced to a patented exhaust unit that was more efficient than regular CO2. A new prototype of that equipment was then built for injection purposes; and is in the process of being further developed for commercial use.
PTOG has analyzed the different types of oil producing reservoirs in most of the major geological basins in the United States and have determined that the use of their process and method will enhanced the recovery of stranded oil reserves in these areas that otherwise may never be produced.
The pinnacle reefs, other reefs in Texas make excellent reservoirs for EOR because they are compact, have consistent reservoir properties, thick pay columns, and are overlain by an impermeable cap seal. However other formations have responded favorably as well. These reservoirs represent over 300 million barrels of recoverable stranded oil using PTOG's patented method and technology.
CO2 floods have been successful on the reefs in the US with rates as high as 1000 BOPD. PTOG's process will have a major impact on the recovery of stranded oil in U.S. basins. This statement is based on the fact that they have an unlimited source of gas and do not need an expensive infrastructure to transport the gas. Plus the fact that it is proven that a mixture of CO2 and N2 is more efficient than CO2 in some trials.
The cost and recovery of a project will be dependent on size of structure and depth; the cost will range depending on type of formation and type of treatment design. Hopefully, per project PTOG will capture an additional 20% to 40% of oil in place. Attempting to do this in a period of 5 years as opposed to the original 20% of oil that has already been produced; which may have taken ten to twenty years. Each successful project is estimated to have a six to twelve month payout.
The United States oil production is in a state of primary depletion where 98%+ of all wells are defined as stripper wells. Typically, oil reservoirs produce less than 20% of their Original Oil in Place (OOIP) through primary production techniques. The remaining 80%+ lies in a stranded state unless an Enhanced Oil Recovery technique is initiated. EOR history has shown that various EOR techniques can help with the recovery of 50% of the OOIP. Historically, EOR has been implemented in reservoirs that have progressed through their Primary and Secondary Production Phases (Water Flood). The common practice is to sweep fluid through a reservoir in a horizontal manner from an injector well to producing wells. The production response time in reservoirs using CO2, Nitrogen or a mixture is excellent, showing significant production increases in less than one year.
Currently, there are only 80 plus, Enhanced Oil Recovery Projects in the United States producing approximately 200,000 barrels of oil a day. Further development of EOR projects is expanding very gradually due to the shortage of pure CO2 from natural and industrial sources. Historically, EOR projects have the highest financial returns in the industry, even with the high development and infrastructure cost. Utilizing a new source of gas is critical to the expansion of EOR.
PTOG looks to be in a prime position to benefit on what is expected to be a booming U.S. oil industry in the near future!
The global oil market will be transformed over the next five years as faster-than-expected production growth in North America combines with a greater acceleration in demand than predicted among Asian and Africa countries, according to a new report from the International Energy Agency (IEA).
The US will become the world's largest oil producer within the next five years and the rise in production is "even steeper than previously expected", said Maria van der Hoeven, the executive director of the International Energy Agency.
As the U.S. looks to supply the growing global demand for oil PTOG and their cutting edge technology will be needed to maximize its domestic well production!
Market Value1 | $2,337,000 | a/o Feb 21, 2014 |
Shares Outstanding | 114,000,000 | a/o Nov 30, 2013 |
Float | 81,500,000 | a/o Nov 30, 2013 |
Authorized Shares | 750,000,000 | a/o Oct 18, 2013 |
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