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United American Petroleum Corp. (UAPC)

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Last Post: 5/19/2017 3:56:25 PM - Followers: 163 - Board type: Free - Posts Today: 0

 
United American Petroleum Corp. is an exploration company engaged in the acquisition, exploration, development and production of oil and gas properties. Our principal business is the acquisition of leasehold interests in petroleum and natural gas rights, either directly or indirectly, and the exploitation and development of properties subject to these leases. Our primary focus is to develop our properties that have potential for near-term production. We also provide operational expertise for several third-party well owners out of our operation base in Austin, Texas. We currently have proved reserves in the State of Texas.


United American Petroleum Corp.
9600 Great Hills Trail
Suite 150W
Austin, TX 78759
United States
Phone: 512-852-7888
Fax: 512-852-7889

Website: http://www.unitedamericanpetroleum.com


Texas Operations

United is presently providing operational services for numerous oil and gas leaseholders in 15 Counties Statewide, covering almost 8,000 acres, containing 250 existing wellbores with many offset drilling locations identified.

Including Lavaca, Frio, Gonzales, Caldwell, Jackson, La Salle, Pecos Bastrop, Erath, Parker, Shackelford, Pecos, Lockhart, Victoria, Duval, Medina, Wilbarger, Navarro, Archer and Victoria counties. We are exploring opportunities to increase both the size and locations of our operations portfolio.

With our years of experience in the region, we pride ourselves on our ability to perform any duty needed in the oil field, including, but not limited to:

  • Landman
    Title and leasing
    Lease work
    Pumping and gauging
    Geology and geophysics
    Reserve estimates
    Overseeing work-overs
    Re-entries and drilling

We can also perform enhanced recovery such as water floods and gas injection and a wide array of other industry specific tasks.



                      

                       

   


Properties

The Marcee 1 Interest. We own a 100% working interest and operating interest in the Marcee 1 Tract, which is located in the Eagle Ford Shale formation on approximately 112 acres of land in Gonzalez County, Texas (“Marcee 1 Tract”). We currently have one non-producing well and enough space to further offset wells if it is determined they will be profitable.


The Eagle Ford Shale formation in South Texas runs from the US-Mexico border north of Laredo in a narrow band extending northeast for several hundred miles to just north of Houston. It is located directly below the Austin Chalk. The average thickness of the Eagle Ford Shale is about 475 feet. The formation produces both natural gas and oil, but we believe the oil-producing and gas condensate areas are most attractive at this time.

The Lozano Interest. We own a 100% working interest and operating interest in the Hector Lozano Tract, which is located on approximately 110 acres, located in Frio County, Texas (“Lozano Tract”). The Lozano Tract is a producing asset with three wells with proven reserves. The production from the Lozano wells is mature and we believe the wells are likely to continue to produce with slow decline for the foreseeable future. All three wells produced an average of 3.5 barrels of oil per day during 2013. Historically these wells have produced a total of 5-12 barrels of oil
per day.

The Lozano Tractlies in the Western Gulf province, an area that covers 116,599 sq. mi., allowing extensive data on several hundred thousand oil and gas wells. So far, 2,518 significant oil and gas fields comprising 3,883 reservoirs have been discovered in the region.

For the past 20 years, the oil industry has had huge success in the county due to oil-extraction technology that permits horizontal drilling extending the primary producing formations such as the Olmos B and Olmos D sands, which range in depth from 3,100 feet to 3,600 feet. The Austin Chalk, Navarro and Anacacho formations are also abundant in the area.

Nearby the Lozano Tract, the untapped reserves in the region have been demonstrated by the Kinder Morgan-operated Yates Oil Field, which has yielded over 1.4 billion barrels and is expected to produce a further 1 billion barrels. Also nearby are the plays of the Bigfoot (6miles) and Pearsall fields.

The Western Gulf Province is divided into 48 hydrocarbon plays; 3 plays in the Jurassic, 15 in Cretaceous and 30 plays in Tertiary rocks. All but 3 plays are conventional. The Austin Mid-Dip Oil play was removed from the conventional list and divided into 3 plays (4747, 4748 and 4749) and the oil was assessed as an unconventional resource.

The Welder Interest. We own a 59.61% working interest in the Welder Tract, which is located on approximately 550 acres, located in Duval County, Texas. The Welder Tract has 43 wells. The Welder Tract wells are currently producing an average of 8 barrels per day. We sold part of the Welder Tract in February 2014, after the period covered by this report.


The Walker Smith Interests. We own a 10.43% working interest in the Walker Smith and Walker Smith #21D tracts and a 40.39% working interest in the Walker Smith #22D Tract (hereinafter all three tracts will be referred to as “Walker Smith Interests”) , which are located on approximately 275 acres, located in Wilbarger County, Texas. The Walker Smith wells did not produce economically significant quantities during 2013.

The Merrick Davis Interests. We own a 62.22% working interest in the Merrick Davis #16 and Merrick Davis #17 tracts and a 19.72% working interest in the Merrick Davis tract (hereinafter all three tracts will be referred to as “Merrick Davis Interests”), which are located on approximately 320 acres, located in Shackelford County, Texas. The Merrick Davis Interests has six wells producing an average of 0.6 barrels per day.


The Crouch Interest. We own a 7.00% working interest in the Crouch tract, which is located on approximately 325 acres, located in Erath County, Texas. It has 1 well. The well is not currently producing.

The Lane Heady Interest. We own a 26.52% working interest in the Lane Heady tract, which is located on approximately 557 acres, located in Erath County, Texas. It has 1 non-producing well.

The Bailey, Rogers and Fohn Interests. We own a 65.00% working interest in the Baily, Rogers and Fahn tracts (the “BRF Interests”), which are located on approximately 1000 acres, located in Medina County, Texas. The wells are currently producing an average of 2.3 barrels per day.

The Gabriel and Rosser Interests. On January 28, 2011, we acquired certain oil and gas interests located in Bastrop County, Texas, (“Gabriel Interests”) from Gabriel Rosser, LP (“Gabriel”). The Gabriel Interests include Gabriel’s undivided 50.83% working interest and 39.14% revenue interest in the Gabriel 3, 4, 5, 9, 15, Rosser #2 and #4 and Koi #1 wells. At the time of our acquisition of the Gabriel Interests, all wells were not producing. The Gabriel Interests comprise over 400 acres, with approximately 10 wells that were shut in. As of the date of this report, the Company has performed workover procedures on certain wells in the Gabriel Interests; however, the workover was not successful and there is only marginal production.

The McKenzie State Well Interests. On November 30, 2011, we acquired one hundred percent (100%) of the working interest in the McKenzie State Well No. 1, located in Pecos County, Texas from McKenzie Oil Corp. (“McKenzie”) in exchange for an aggregate cash sum of $550,000 and 50,000 shares of our common stock. The Company has performed workover procedures on certain wells in the McKenzie and production has commenced on one well, which is currently producing an average total of 3.4 barrels per day. In addition to the production from this current zone, several additional horizons (which are productive in the area) have been identified in the McKenzie well, which could be tested and potentially produced in the future.


The McKinney Interests. We own a 7.04% working interest in the McKinney #3B, #5B, #6B and #11B tracts and a 5.40% working interest in the McKinney #4B tract (hereinafter all tracts will be referred to as the “McKinney Interests”). Each tract has one wellbore and our working interest is for the wellbores on each tract. The wellbores are located in Navarro County, Texas. These wells are currently producing an average total of 0.25 barrels per day.

The RP Wilson Interest. We own a 33.33% working interest in the RP Wilson Tract, which is located on approximately 220 acres, located in Erath County, Texas. It does not currently have any producing wells.


Insider Holdings

Michael Carey (Chief Executive Officer and Chief Financial Officer): 6,350,000 Shares

Ryan Hudson (Chief Operating Officer): 6,450,000 Shares
Mighty Falcon Ltd. (5% Shareholder): 6,950,000 Shares



Share Structure

Outstanding Shares: 117,480,955 as of June 30, 2014
Authorized Shares: 750,000,000 as of June 03, 2014



Reserve Report


As of Janurary 1, 2013 we estimate the UAPC net proved reserves to about 68,270 barrels of oil (68.27 MBO) and 29,360 thousand cubic feet of gas (29.36 MMCF). Projected future cash flows show a discounted net present value (NPV10%) of $1,344,510.
 
http://www.sec.gov/Archives/edgar/data/1321516/000121478213000186/ex99-1.htm



Latest News

March 5, 2014
UAPC Files SEC Form 8-K, Completion of Acquisition or Disposition of Assets

August 21, 2013
United American Petroleum Corp. Announces Significant Improvements from Second Quarter Workovers

March 8, 2013
United American Petroleum Secures Funding and Provides Operational Update

October 31, 2012
UPDATE: United American Petroleum Corp. Announces Appointment of Albert Hough and John Whitehead to Its Advisory Board


 


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UAPC
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PostSubject
#9509  Sticky Note StockFalcon's UAPC DD SUMMARY: PLEASE STICKY:---> dazetrader 05/20/16 01:05:40 AM
#9827   Anyone have a clue if where this is Zekesdog 05/19/17 03:56:25 PM
#9826   wow!!!!!!!!!!!!!!!!!! TRUSTUNITS1000000 05/12/17 04:50:21 PM
#9825   Still life left in this play gemstone57 05/12/17 10:56:19 AM
#9824   Isn't that .20 % ? Tripledog 05/11/17 11:42:40 AM
#9823   Up twenty percent this morning. You boys are biff2 05/11/17 10:39:38 AM
#9822   Still hanging on and waiting gemstone57 05/05/17 01:41:43 PM
#9821   Hey gemstone! I was just checkin' back in biff2 05/05/17 10:23:50 AM
#9820   Nothing wrong with the SS its the lack gemstone57 05/03/17 09:30:27 AM
#9819   UAPC SUCKS R/S COMING :-( $$CHIHUAHUA$$ 05/03/17 05:46:52 AM
#9818   UAPC duly noted Bro'Bruce Briboy 04/22/17 03:44:40 PM
#9817   This showed allot of potential but looks like gemstone57 04/10/17 02:28:21 PM
#9816   321M JMO TRUSTUNITS1000000 04/10/17 02:24:46 PM
#9815   TERRIBLE TRUSTUNITS1000000 04/10/17 02:24:28 PM
#9814   Obviously the management [if one still exists] left gemstone57 04/10/17 02:23:56 PM
#9813   going back a while, not many s/o, maybe TRUSTUNITS1000000 04/10/17 01:54:46 PM
#9812   wow 0.0006 0.0007 maybe 0.0001 soon TRUSTUNITS1000000 04/10/17 01:53:43 PM
#9811   A floating TURD gemstone57 04/10/17 01:35:36 PM
#9810   I wonder what the float is????????????? TRUSTUNITS1000000 03/26/17 02:03:57 PM
#9809   Imagine mj, s/o a while back 321M TRUSTUNITS1000000 03/26/17 02:03:25 PM
#9808   Ha ha I'd be happy 2pps Tripledog 03/15/17 09:48:32 PM
#9807   The Big Companies are buying up a lot gemstone57 03/15/17 09:44:02 AM
#9806   Thank you for the alert....UAPC gemstone57 03/14/17 02:27:47 PM
#9805   Wow 450shares traded.... starkd748 03/14/17 12:25:35 PM
#9804   That can change tomorrow.....UAPC lets Go $$$ gemstone57 03/13/17 10:21:49 AM
#9803   OIL getting hammered, large reserves in u.s. TRUSTUNITS1000000 03/12/17 06:55:30 PM
#9801   I've been in a penny play that rose gemstone57 03/10/17 01:35:44 PM
#9800   Get in touch with the BBB in their gemstone57 03/10/17 01:33:38 PM
#9799   wondering about the debt TRUSTUNITS1000000 03/09/17 01:20:32 PM
#9798   I wonder if this company goes broke TRUSTUNITS1000000 03/09/17 01:20:16 PM
#9797   ask 0.0012 wow TRUSTUNITS1000000 03/09/17 01:19:58 PM
#9796   I know of a company that had 100m TRUSTUNITS1000000 03/09/17 01:01:16 PM
#9795   UAPC..Appears very thin to a penny! Bruce the Stock Guy 03/09/17 10:26:19 AM
#9794   Up Up Up $UAPC$ gemstone57 03/09/17 09:33:40 AM
#9793   Another move up coming UAPC gemstone57 03/07/17 09:05:52 AM
#9792   wow 0.0010 TRUSTUNITS1000000 03/06/17 01:04:30 PM
#9791   Very possible..Energy is the place to be under Bruce the Stock Guy 03/02/17 04:53:06 PM
#9790   This is one of those penny stocks you gemstone57 03/02/17 04:43:14 PM
#9789   "Had to sell"<<<<<That 365k in volume was you? Bruce the Stock Guy 03/02/17 04:20:05 PM
#9788   Good luck I'm hanging around gemstone57 03/02/17 03:37:58 PM
#9787   Had to sell, I don't want to wait TRUSTUNITS1000000 03/02/17 02:41:46 PM
#9786   what is the bid and ask quanties TRUSTUNITS1000000 03/02/17 01:24:21 PM
#9785   321M so low TRUSTUNITS1000000 03/02/17 01:15:53 PM
#9784   volume increasing TRUSTUNITS1000000 03/02/17 01:15:28 PM
#9783   oil dropping TRUSTUNITS1000000 03/02/17 12:39:40 PM
#9782   mm's why not buy a chunk TRUSTUNITS1000000 03/02/17 12:38:49 PM
#9781   Hit those 16's today..move this baby $$$$ gemstone57 03/02/17 08:28:38 AM
#9780   mm's close her at 0.0012 TRUSTUNITS1000000 03/01/17 03:35:01 PM
#9779   lets close at 0.0012 today or higher TRUSTUNITS1000000 03/01/17 03:32:22 PM
#9778   NO ONE SELLING TRUSTUNITS1000000 03/01/17 03:26:06 PM
#9777   MM MANIPULATION TRUSTUNITS1000000 03/01/17 03:25:57 PM
PostSubject