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Musical chairs here, his DNA is all over this, he owns lots of shares to dump. Most of these "acquistions" are in the same circle of people. They take turns being the Big Guy while the buddies dump shares
Speaking of misleading, what role does Sam have with United Energy? And why should I care about him? He works in capital finance now, not oil/gas. He owns less than 20% of the shares (which are restricted) after he sold his majority to Guinn. As far as I can tell he is not employed by United, not a director, nor a paid consultant.
In other words, not very relevant to what United Energy is currently doing.
LOL False and misleading website
6. Striper's website appears to contain unsupported representations that could
include false or misleading information. The website claims that the company "is managed by
specialized energy experts" and further states that "with a bank CD you wait until the end of the
year to earn 112%. With Striper Wells investments you earn the same in 20 days." Striper's
annual report provides no detail regarding its management's prior experience in the energy
sector. In addition, the company's website and annual report offer no detail about how the
company will reach profitability in 20 days.
OMG Mistatements on annual report
23. Striper's 2015 annual report fails to disclose the existence of any debt owed to
Sayid notwithstanding that the debt was acknowledged by Striper's predecessor in connection
with its July 2015 reverse merger. In July 2015, ·the Board of Directors oflnsight represented to
Striper Wells, LLC that the company's liabilities and notes had "lapsed with the exception of
$490, 799 in convertible debt owed to Sayid and Associates, LLP." The Board of Directors also
issued a resolution in July 2015 confirming the amount owed to Sayid and Associates and
authorizing its conversion from debt to equity. Transfer agent records from July 2015 to April
12, 2016 do not indicate that any shares have been issued pursuant to any conversion of debt.
Although Sayid appears to retain the right to obtain shares of Striper stock through debt
conversion, Striper's 2015 annual report fails to disclose the existence of this debt. Specifically,
the company's financials state that the company has total liabilities of $0 as of December 31,
2015, and $132, 174 as of December 31, 2014. The company's financials make no reference to
any amount due to Sayid and Associates. The existence of Sayid's debt is also not disclosed in
any prior financial statements or reports filed by the company. Further, on April 17, 2016,
Striper represented to FINRA, in connection with FINRA's review of the company's reverse
stock split and name change, that it ''has no convertible debt outstanding."
Holy Cow
17. In May 2012, the Commission named Striper's predecessor, Insight, in a
complaint filed in the U.S. District Court for the Central District of California against Nicholas
Louis Geranio ("Geranio") and Keith Field ("Field"), among others, for violations of the
anti fraud provisions of the securities laws arising from a boiler room scheme to sell Regulation S
securities to offshore investors. SEC v. Geranio, et al., 12-cv-04257-BRO-JC (C.D. Cal.). The
complaint alleged that Geranio controlled the operations of the issuers implicated in the scheme,
including Striper's predecessor, and generally directed matched orders and manipulative trades
to artificially inflate the issuers' share prices in furtherance of the scheme. Geranio and Field
both entered into settlement agreements with the Commission. Geranio, together with his
companies, The Good One, Inc. and Kaleidoscope Real Estate, Inc., and relief defendant BWRE
Hawaii, LLC, were jointly and severally ordered to pay disgorgement in the amount of
$2, 135,000 and a civil penalty of $500,000. Field was ordered to pay disgorgement in the
amount of $154,605.
Old Scammy manipulation. lol
Striper's History of Manipulation
16. Striper's predecessor has undergone at least three name changes and engaged in a
variety of unrelated business models since it was incorporated in March 2006 under the name
Skreem Records Corporation.
Look at the share scam
6. Prior to a reverse stock split that was effective on April 20, 2016, Striper had a
float of 2, 107 ,670,007 shares, 2,000,000,000 of which were issued to the current President,
2
Samuel Smith ("Smith"), in connection with a July 2015 reverse merger (the reverse merger is
discussed infra). After the April 20, 2016 reverse split, as of April 29, 2016, Striper's shares
traded at $0.114, and Striper had a float of 70,256,667 shares, resulting in a market capitalization
of$8,009,260. Smith currently holds approximately 67 million of approximately 70 million
shares of Striper's outstanding stock.
LOl More chit on old scammy
5. Striper (then known as Skreem Records Corporation) filed a Form SB-2
registration statement for an offering of common stock that went effective in January 2008.
Following the offering, Striper sporadically filed reports with the Commission pursuant to
Exchange Act Section 15( d) until it filed a Form 15 to voluntarily suspend its reporting
obligations in September 2011. Striper's last filed report was a Form D filed on August 23,
2012. Striper's common stock is quoted on OTC Link (previously "Pink Sheets") operated by
OTC Markets Group, Inc. ("OTC Markets") ("OTC Link"), and Striper has posted certain
corporate information on OTC Markets' website. As of April 29, 2016, there were six market
makers quoting Striper's stock, and this stock was eligible for the "piggyback" exception of
Exchange Act Rule 15c2-l l(t)(3)
Morel lies
4. Striper purports to have acquired 56 wells in the state of Oklahoma; however, the
Division has been unable to substantiate this claim. According to Striper's 2015 annual report,
the 56 wells that Striper has purportedly acquired were all taken offline in 2011, and Striper
projects spending $410,000 "to capitalize on the operating history of these wells to create an
inexpensive and fast track to revenue." No further detail is provided on what would be required
to return these wells to an operational and revenue-producing condition. The Oil and Gas
Conservation Division of the Oklahoma Corporation Commission has informed the Division that
Striper Wells, LLC is registered to operate only 11 wells in the state; this registration was made
on September 30, 2015.
Sams Scam
Striper Energy, Inc.
3. Striper (f/k/a Corporate Partners Corporation I ticker symbol "CPCC"; f/k/a
Insight Management Corporation I ticker symbol "ISIM"; f/k/a Skreem Records Corporation) is
a Florida corporation which claims to have a principal place of business in Addison, Texas.
Striper is a purported "independent energy company specializing in the identification,acquisition, drilling, development and operation of oil and gas properties" with 2015 revenues of
$5,675 and an accumulated deficit of almost $16 million.
Old Scammy the liar
AFFIDAVIT OF DAHLIA RIN
I, Dahlia Rin, hereby swear:
1. Since September 2015, I have been employed as an enforcement attorney with the
U.S. Securities and Exchange Commission (the "Commission") in the Boston Regional Office in
the Division of Enforcement (the "Division"). My duties include conducting investigations
related to potential violations of the securities laws. I was an investigator for the Division in this
matter.
2. On May 5, 2016, the Division provided the following factual information to the
Commission in support of the issuance of the Trading Suspension Order temporarily suspending
trading in the securities of Striper Energy, Inc. ("Striper") I ticker symbol "CPCCD." The
Division did not have other communications with the Commission concerning the factual basis
in support of the issuance of the Trading Suspension Order.
Striper Energy, Inc.
3. Striper (f/k/a Corporate Partners Corporation I ticker symbol "CPCC"; f/k/a
Insight Management Corporation I ticker symbol "ISIM"; f/k/a Skreem Records Corporation) is
a Florida corporation which claims to have a principal place of business in Addison, Texas.
Striper is a purported "independent energy company specializing in the identification,
Old scammy got suspended by the SEC. OUCH He got suspended in his next scam too, PGPM
Pursuant to the Commission's Order Requesting Additional W1itten Submissions
regarding In the Matter of Striper Energy, Inc. ("·Striper"), the Division of Enforcement has
attached the affidavit of Dahlia Rin setting forth the substantive facts before the Commission at
the time of the trading suspension in the securities of Striper. The affidavit does not disclose
privileged analysis or sensitive information about the staffs investigative methods.
By its attorneys,
Dahlia Rin
Enforcement Counsel
Michael J. Vito
Enforcement Counsel
U.S. Securities and Exchange Commission
33 Arch Street, 24th Floor
Boston, Massachusetts 021 I 0
(617) 573-8979 (Harper)
(6 17) 573-4590 (Facsimile)
look, sammys last scam looks just like this one
https://www.sec.gov/litigation/apdocuments/3-17250-event-4.pdf
This is a good look at all they’ve done so far…will be a great run very soon
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169621957
These clowns have unlimited shares to dump
Yes looking strong here. I see a bid over a dime
bid on this turd is under a dime. LOL Typical stinky pinky pump and dump
$UNRG RECENT TIMELINE....
APRIL 2022
Shareholder Update April 1 2022
Shareholders,
The company’s growth strategy launched in July of 2021 can be categorized in three simple stages. Those are Stage 1: Funding, Stage 2: Acquisition, and Stage 3: Development.
In 2021, the Company raised approximately $2 million through an A Round of financing. Two of the company’s 2021 acquisitions, Entransco Energy, LLC and Cotton Valley Oil and Gas, LLC were entity purchases. The private oil and gas companies had financials that were not public-ready nor GAAP compliant. Our accounting firm, Weaver and Tidwell, L.L.P. and CPAs have had to verify and convert the historical financials of those companies so that they can migrate into United Energy’s financials as wholly owned subsidiaries. This process is laborious and time consuming. As a result, the Company needed to file an extension to file its 10K due on March 31, 2022. The extension grants United Energy an additional 15 days, and it plans to file its 2021 annual report on or before April 15, 2022.
In addition, and in parallel to aggregating the various books and records, UNRG is building the reserve reports of those assets and a separate team of reserve engineers at Lee Keeling & Associates is accomplishing that task.
The Company’s 4th and 5th acquisitions, Gateway Resources USA, Inc., and the Wagoner County Pipeline are still pending the final due diligence items review.
UNRG’s auditing firm M&K & Associates has completed its 2020 audit and is ready to complete its 2021 audit pending the migration of the financial data of the acquisitions listed above. Unfortunately, this is a necessary and time-consuming step but NOT a revenue generating activity. Once complete, the Company will file to become a fully-reporting SEC company and apply to up-list to the OTCQB market.
UNRG is now raising a B Round of financing through a credit or hybrid equity facility and expects to announce a lending partner soon. The Company will use this capital to scale and develop the acreage acquired in 2021 (activate leases, turn wells on, and drill new wells). Activation of some leases has occurred and is happening now. Production reports will become a regularly scheduled announcement in the near future.
I fully expect oil prices to maintain these levels for an extended period of time. We have a great story to tell but exposure of the company is still thin. The fundamental organizational and accounting pieces have to be in place for sustained growth. As the steps I’ve outlined above are finalized, I will update accordingly and more often with production and revenue gains. I look forward to that time in the very near future and appreciate your patience through these steps.
I truly appreciate your partnership as a shareholder! Brian Guinn - CEO
---------------------------------------------------------------------
JUNE 2022
Brian Guinn, CEO of United Energy Corp.
$UNRG was a guest speaker at Benzinga’s All Access on June 24th, 2022.
United Energy Corp. is a leading oil and gas producer based out of Plano, Texas. Since the pandemic, the company has taken an approach focused on exploration, development, production, storage and technology.
Watch the full interview
Revolutionizing the Oil Shale Industry With NEW Tech
I love that they are holding this for the right time to reveal. Get a good business base first...
As part of United Energy Corporation’s multilateral strategy, the Company recently purchased certain rights to a technology that will revolutionize oil extraction from shale deposits. It is a technology more economical, higher-yielding, energy-efficient, environmentally-friendly, rapidly-producing, and lower-maintenance than traditional methods of oil extraction from shale reserves.
This micronized technology can remove either pollutants or the coveted precursor to crude oil in seconds and minutes versus hours and days. It reduces levels of emissions and toxic materials many times over that of conventional processes.
The technology’s design and development are poised to bring substantial savings to the production of oil shale deposits as an alternative to conventional methods. Pulsewave conducted proprietary research for its patented resonance disintegration technology and scientifically performed tests that have proven its immense success.
Clean Removal
Several industries will benefit from this technology. In the energy industry, separating raw oil shale and the crude oil precursor, called kerogen, is of particular interest. Resonance disintegration technology is considered “clean removal”. It is performed before the retorting, or heating process, and retains the natural composition without activating toxic elements. This results in a purer product and greater yield of shale oil over conventional methods.
Until recently, removing oil from shale rock focused on crushing, pulverizing, and grinding milling processes using high-impact machines. In contrast, this causes materials to be liberated from within, maintaining the integrity of the original material while protecting nearby groundwater. Rapid shock waves, or resonance, are applied in lieu of pressure force.
Kerogen is Key
Although oil shale itself does not contain oil, it possesses the precursor to crude oil – an organic material called kerogen. The goal is to remove the kerogen. When kerogen is heated it can be converted to synthetic crude oil and other derivatives. Using this technology, the kerogen is shattered from within the shale matrix instead of being ground or crushed.
The fine particles enable the coveted separation of the oil from the mineral solids. Because only the kerogen is heated and not the solid particles, the amount of energy expended in the retorting process is drastically reduced from conventional methods. Another economic benefit.
Conventional oil shale mining requires a process called retorting. This involves heating organic shale to about 900 degrees F after which it decomposes into gas, a solid residue, and condensable oil. If this process takes place while the shale is still in the ground, it is known as “in situ” mining. This necessitates an explosive to create injectable spaces or voids, hydraulic pressure, and an injection of hot fluids. The downsides of this method are low efficiency rates of recovery, collapsing surfaces, and the potential for groundwater contamination.
Another method of processing oil shale is called, “ex situ” mining. During this method, oil shale is first extracted from the Earth by surface or through underground mining. Once above ground, the rock is crushed, and then retorted to release the shale oil. This method is able to recover up to 90% of the oil shale reserves. After the complex procedure of pulverizing the ore, the oil and organic materials are finally separated during the heating process.
When complete, the remaining solid material is 20 – 30% greater in bulk than initially. Most of the retorted shale can be disposed of in the original mine, but the remaining increased volume will need to be trucked to other disposal sites. As a result, both the environment and operating costs are negatively affected.
Cleaner, Purer, Cheaper
However, using Pulsewave for that same mine, by separating the kerogen before the retorting process, the oil yield is much higher from the concentrated kerogen. Also, expansion of the mineral matter does not occur and it could be returned in whole to the site from where it was mined. The need for above ground disposal would be eliminated, reducing operating costs while benefitting the environment.
Generative pulsating resonances break down, or disintegrate biomass materials near their natural fracture sites. Particles are reduced to submicronic or granular size, in under a second in many cases, via vortex-generated shearing forces and shock waves.
No physical contact is needed, and costs are significantly reduced compared to conventional processes. The technology will work on hundreds of materials. Each material has a unique frequency for the best results of disintegration. Currently most of those materials are destroyed by conventional pulverization methods.
Abundant Oil Shale Reserves Within Our Own Borders
Oil shale exploration in the United States has faded since 1991 because of high start-up and operational costs coupled with lower energy prices. Yet, according to the United States Geological Survey (USGS) Energy Resources Program, almost 35% of the known oil shale reserves in the world can be found in the Green River formation.
This is an area in western Colorado, eastern Utah, and southwestern Wyoming covering about 17,000 square miles. There is an estimated 1.2 trillion barrels of oil that could supply enough oil for the U.S. for more than 100 years at the current rate of consumption.
Major oil companies received several patents for new recovery technologies for oil shale previous to the current favorable price of oil. This conveys interest in extracting oil shale deposits concurrent to the rise of oil prices. With Pulsewave’s technology already on the market, multi-national oil companies who own mining rights to vast oil shale deposits in the Green River formation are considered potential end-users. These sites are the easiest to recover, and by far the richest oil shale reserves in the world.
Colorado Kudos
In a letter from the former Director of the Colorado Office of Economic Development and International Trade, Brian Vogt said, “I understand the potential this technology has for mining applications specific to the State of Colorado. The comments advanced by the technical review personnel of the Department of Energy anticipate the great contribution this technology will make toward resolving our dependence on foreign oil…and will make a significant contribution to national oil requirements for decades to come.”
“It is clear that Pulsewave (Mill) is energy efficient, environmentally sound, and economically competitive and the production of mill equipment and its related industries could add significant capital and thousands of jobs to the State’s economy. Opportunities exist beyond shale oil and range from hard rock mining industry to the agricultural sector.”
Pulsewave continues to explore, study, and expand an array of commercial applications in other industries beyond oil and gas. It is anticipated that large-scale use of this resonance disintegration technology will make a significant impact on both the environment and operating costs, especially for energy companies.
It’s no small matter then that a component of United Energy’s developing corporate strategy is to capitalize on the technology that will revolutionize production of domestic oil shale deposits. This is good news for our shareholders and our country. Clean. Safe. Efficient. Economical. Innovative. American.
Do not let fear push you away from a strong company
Just shell juggling with the same turds. Sam Smith, lifetime loser and OTC scammer, steps down and moves up Guinn, his longtime partner in crime, who was already here pretending to do something else. Nothing new at all, just their same old shell game, literally... bwahaaaa
Check out scammys scam. Lol
https://www.sec.gov/litigation/apdocuments/3-17250-event-4.pdf
Remember old scammy had the current junk in a failed company called Striper Wells? Lol. What a disaster
https://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=150939
Just a reminder of Lol, sanmys last train Wreck
CEOPilgrim2017 Tuesday, 08/21/18 03:07:00 PM
Re: None 0
Post # of 64227
8/21/2018
Pilgrim Petroleum Corporation Announces Corporate Update to Shareholders.
Pilgrim Petroleum Corporation (PGPM), an oil and gas exploration development (E&D) company with a focus on proven fields exploited by well-managed independent oil companies extracting reserves at lower risk and lower cost than unproven prospects.
Pilgrim Petroleum has signed a Letter of Intent to be acquired by way of an exchange of stock. When the conditions of the letter of intent are met, current shareholders will have the opportunity to exchange their common shares of PGPM for shares of the acquiring company. Specific details of the exchange will be released shortly and include instructions for the movement through the transfer agent of the acquiring company.
The acquiring company is an E&P Company with operations in Oklahoma, Kansas and Texas supported by wholly owned subsidiary operating companies. In addition, the company is equipped for field operations including ongoing maintenance, reworks and drilling. The company has proven several drill opportunities in Kansas, Oklahoma and Texas and anticipates dropping new drills beginning in 2019.
According to Pilgrim CEO Sam Smith “The fully vertical integration of operations and the removal of reliance on third party operators is significant as market optimism grows and demand for equipment and labor crews increases. By moving forward with a complete playbook, we can begin to compete independently rather than as a hostage dependent on other companies”
Why won’t these clowns disclose production data or identify wells? I think we all know why. Lol.
Let me list the successful companies of scammy and narcissist brian.
1.
2.
3.
4.
5.
I wonder why narcissist Brian Guinn doesn’t post a pic of him with his big check ? Lol. Why didn’t he post his cease and desist letter too? Bwahaaaaaaa
Is old scammy going to pay his pilgrim petroleum investors shares like he said he would do? Bwahaaaaaaa
Yea, right……..lol.
Finra suspended his arse. Bwahaaa
Bingo, that is how you spin the wheel, next man up is ceo, then scammy can start dumping his common shares. In the mean time, they are “acquiring” the next man ups junk rusted up watered out depleted wells with shares. Lol.
Don’t worry boys, as with all stinky pinkies, next quarter will be uuuugeee, audit almost complete and then uplisting, share buybacks etc
THIS ONE IS GOING TOOOOOO DAAAAAA MOOOOOOON. AT $100 day revenue, we should get there in about 9000 years. Lol.
Let this sink in. They have pr’d acquisitions with thousands of wells with “immediate” production and had $100 revenue with record oil and gas prices in Q1. Lol. Then have 3 executive listed with bullchit resumes. That means each executive creates $33.33 in daily revenue. Bwahaaaaaaaaaaaaaaa
Sam the scam is full of chit…typical pump and dump promoter
https://www.prlog.org/12670552-pilgrim-petroleum-corporation-announces-corporate-update-to-shareholders-and-buyback-exchange.html
Management also announces that a final agreement with a public company for the acquisition of Pilgrim's leasehold portfolio including our Oklahoma subsidiary has not be completed. Due diligence completion will be scheduled to be completed shortly. Under the terms of the Agreement, Pilgrim and its subsidiaries associates will be compensated with a combination of shares and convertible promissory notes, a transaction that will represent a controlling interest in the new company. Disclosure of the Reverse Acquisition will be announced as soon as it becomes available and SEC 8K is file accordantly.
WHAT HAS BRIAN GUINN EVER BEEN SUCCESSFUL AT? If he is so successful, why is he selling convertible notes for .02? Lol
Sam and his pilgrim petroleum scam
https://investorshub.advfn.com/Pilgrim-Petroleum-Corp-5655
https://investorshub.advfn.com/boards/profile.aspx?user=616721
I CANT WAIT TO SEE WHAT PAULSON INVESTMENT DOES
THESE GUYS ARE ABSOLUTE KILLERS - REAL WALL STREET LOWER MIDDLE MARKET INVESTMENT BANKERS THAT HAVE A REAL TRACK RECORD. THEIR OFFICE IS RIGHT ACROSS THE STREET FROM THE NEW YORK STOCK EXCHANGE - YOU CAN SEE THE NYSE RIGHT OUT OF THEIR OFFICE WINDOW
BRIAN GUINN IS A GENIUS
ALL YOU HAVE TO DO IS FOLLOW HIM ON LINKEDIN AND TWITTER - AND ACTUALLY LISTEN TO HIS FORECAST FOR THE OIL AND GAS INDUSTRY AND ENERGY TRANSITION AND LOOK AT WHAT THIS GUY HAS DONE. HE IS HANDS DOWN ONE OF THE BEST DEAL MAKERS IN THE LOWER MIDDLE MARKET - HE WROTE THE PLAY BOOK.
Daily short "volume"s meaningless intra-day order processing volume. Just MMs doing their job filling orders during the day.
Take a look at the short report. Some days almost every share sold was a naked short from the MMs. Its very tough for small companies to counter that, it almost seems as if they have double or tripled down on their short position. They continue to load the ask with shares that don't actually exist. You would need millions to flow through this in a short time frame to break the shorts. Its very difficult but it is possible.
Yes it is but if Guinn doesn’t have anything to combat this then it’s on him
It is a disgrace what shorts have done here. An emerging company, in a position to grow and create a ton of jobs and economic development in areas that need it, all undone by some greedy market makers. It is not right.
same old bullchit on their twitter. UNRG is accusing market makers of shorting the stock. LOL What a disaster
Turds always sink, this one is no different
Yep, Ray Charles could see that restricted shares only and 2 years was bullchit
Guinn and company continue to dump dump dump , dawg hes laughing all the way to the bank. This company is finished or should i say scam. I wonder how many other of these share swaps and other conversions are all unrestricted stock. This one doesn't take a genius to figure out its going to zero, hit those lights on your way out for me dawg ROTFLMAO
The narcissist Guinns scam has been uncovered. But he got the cash from the unsuspecting people who bought retail shares. LOL What a disaster
Central to any successful gas & oil operational endeavor is the ability to maintain superior infrastructure assets while utilizing lean manufacturing techniques. Integral to United Energy Corporation’s corporate mission, is the acquisition of high-return drilling locations where well productivity can be increased through cost-efficiency measures.
This objective is possible because of the substantial experience of UNRG’s Leadership Team, along with an established record of operational safety. The Leadership Team is closely aligned with United Energy Corporation’s Operational Team at every stage of planning, development, and project oversight. This framework provides United Energy with the greatest capability to generate stable cash flows.
United Energy Corporation’s exploration of untapped oil and gas resources is foundational for adding to a growing inventory of integrated assets. With a focus on a combination of strategic facilities and transport access, UNRG is also conscious of offering diversified services, such as our investment in the license to a micronizing technology, while expanding processing and storage capacities.
Productive infrastructure assets deliver stability and a robust mixture of growth-oriented holdings. Long-term fee-based contracts provide a significant expansion opportunity. Along with our trusted energy partners – from leaseholders to contractors to communities – UNRG is dedicated to increasing well productivity and efficiency; a continuing focus on safety; sustainability of revenue; and improve execution performance.
EXPLORATION & PRODUCTION
United Energy Corporation acquired holdings located in the famous Cherokee Basin – a rich oil and gas region in northeastern Oklahoma and southeastern Kansas that covers 15 counties. Through this acquisition we have increased our overall footprint in the oil and gas industry and significantly strengthened value for shareholders in UNRG. The oil from this acquisition is sold to a local refinery while the natural gas travels to markets throughout the Midwest via major interstate pipeline systems.
Cherokee Basin holdings are part of United Energy Corporation’s 1,100 miles of natural gas pipelines, more than 2,700 wells, and over 300,000 acres of leasehold operations in TX, OK, KS, and LA. The Company’s corporate strategy includes obtaining gas reserves in the Cherokee Platform with natural gas storage inventories combined with undiscovered coalbed gas.
The US Geological Survey’s assessment in 2015 of recoverable petroleum resources in the Cherokee Platform Province areas (which includes the Cherokee Basin) validated United Energy’s decision to pursue this acquisition and increase the breadth and depth of the Company’s assets.
We are in the process of reactivating our Cotton Valley large natural gas compressor station which feeds into Southern Star Gas Pipeline Company. This compressor station is a vital component in moving natural gas from production well sites via a pipeline network to end users.
A transmission compressor carries the natural gas across state lines through wide-diameter pipelines (24-48 inches). Pressure must be manipulated to maintain constancy as natural gas travels through the pipeline. Natural gas is compressed and pushed through the pipeline at an optimum pressure (800 to 1,200 psi) to ensure a regulated flow before it enters an Interstate Transmission System pipeline.
From production sites to end markets, natural gas is transported from one state to another. Compressors provide a boost in pressure every 40-70 miles along the way as needed. An interstate compressor such as the one in Cotton Valley requires 4-5 acres of land. Part of the interstate system is owned by Southern Star that has continuously provided pipeline service for over 100 years. Within America’s heartland, Southern Star owns and operates approximately 5,800 miles of natural gas transmission pipeline and 42 compressor stations.
United Energy Corporation has acquired minority ownership in a storage terminal that, when built, will be a technologically advanced, multi-functional facility. It will incorporate a deep-water ship and barge dock, truck rack, and rail rack. The terminal hub will also store, blend, and distribute oil products at its strategic location. An oil terminal is an industrial site where oil is loaded or unloaded for storage or transportation via pipelines or tankers.
A storage terminal allows companies to purchase and receive oil when the price is low and store it until the price is more favorable. This market strategy of stockpiling oil until delivery offers more control over mitigating financial losses while increasing profits based on rising and falling global oil prices. Storage facilities are also needed in the short term while oil is waiting transport from offshore enroute to delivery locations throughout North America.
However, currently there is a shortage of available domestic storage capacity. As oil and natural gas production increases within our own borders, it is imperative that the US expands its storage capacity as well. United Energy is becoming part of the solution, enabling America to fulfill the goal of becoming less dependent on foreign oil.
United Energy Corporation has recently acquired certain rights in a technology that will revolutionize oil extraction from shale deposits. It’s a technology more economical, more energy-efficient, more environmentally friendly, faster producing, and lower maintenance than traditional methods of oil removal from shale reserves. This micronized technology can extract compounds in seconds and minutes versus hours and days. It reduces levels of emissions and mitigates adverse environmental effects many times over that of conventional processes.
Until recently, removing oil from shale rock focused on crushing, pulverizing, and grinding milling processes using high-impact machines. With this new technology, what is called “resonance disintegration” causes materials to be fragmented from within, maintaining the integrity of the original material. Rapid shock waves, or resonance, are applied in lieu of pressure force. As particles are micronized to a fraction of their original size, not only is the removal of kerogen (the precursor to crude oil) considered “clean energy”, but also the oil yield is significantly greater.
The United States Geological Survey (USGS) Energy Resources Program states that the Eocene Green River Formation of Colorado, Utah, and Wyoming “contains the largest oil shale deposits in the world.” This is about 35% of the known oil shale reserves globally and is considered easily recoverable. At our current oil usage rate, it is estimated that this location can produce enough oil (up to 1.2 trillion barrels) for the United States for the next hundred years.
It’s no small matter, then, that a component of United Energy’s multi-lateral strategy is to capitalize on the technology that will transform production of domestic oil shale deposits. This is good news for our shareholders and our country. Clean. Safe. Efficient. Economical. Scientifically Engineered – Strategically Executed.
US Department of Energy - Pulsewave Research
Company's Twitter: https://twitter.com/unrgcorp
Clean Share Structure:
Float: 35,041,790
O/S: 248,707,299
A/S: 425,000,000
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Last Trade Time: |