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USOG + 31.25% and still going with More news!!!!
United States Oil & Gas Corporation (PINKSHEETS: USOG), a growing oil and gas products, services and technology company, reported excellent financial performance for the quarter ended September 30, 2009. Wholly owned subsidiary Turnbull Oil increased sales 29%, generated $3,500,000 in sales revenue and posted $591,000 in Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA).
Turnbull Oil is a profitable oil and gas distribution company with more than 300 customers and a 44-year history of growth. The Plainville, Kansas-based company sells oil and gas products including diesel, gasoline, propane and lubricants to farmers, oilfield businesses, commercial and industrial companies, rural and small city gas stations, construction companies, and residential communities. The company generated $16,500,000 in revenue and $447,000 in EBITDA in fiscal year 2008. Turnbull Oil was acquired by USOG in May 2009.
Alex Tawse, CEO of USOG, commented: "Turnbull's sales exceeded forecasts in large part due to increased demand for its fuels from Kansas farmers harvesting record corn and soybean crops. Because Turnbull has strong and consistent margins on its fuels and a relatively large, established customer base, the business is able to turn a profit and increase revenue even in a down economy. We are extremely proud of USOG's growth to date and look forward to expanding with the acquisition of a second regional oil and gas distribution company by year-end."
USOG reports its wholly owned subsidiary posted $3,500,000 in revenue and $591,000 in EBITDA profit for the quarter ended September 30, 2009. Turnbull Oil generated sales revenue of $2,700,000 and EBITDA of $14,000 for the prior quarter ended June 30, 2009.
About United States Oil & Gas Corp. (PINKSHEETS: USOG)
United States Oil & Gas Corp. is focused on the domestic oil and gas services sector, acquiring oil and gas services companies with historically profitable results, strong balance sheets, high profit margins, and solid management teams in place. USOG also develops innovative technologies to increase oil and gas extraction with the smallest environmental footprint.
I think .25 - .35 is attainable
USOG setting up for a run after this announcement Friday!
United States Oil & Gas Corporation (PINKSHEETS: USOG) is pleased to provide shareholders with an update on the Company's progress generating revenue from its oil and gas distribution business, finalizing acquisitions, developing more environmentally responsible oil and gas extraction technologies, and preparing to list its shares on a higher exchange. USOG acquires oil and gas services companies with historically profitable results, strong balance sheets, high profit margins, and solid management teams in place. Wholly owned subsidiary Turnbull Oil generated $16.5 million in revenue and $447,000 in Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) in fiscal year 2008.
USOG reports that the acquisition of a second profitable oil and gas distribution company is proceeding on schedule, expected to be completed by year-end. The Company is completing its due diligence and financing for a private, North Dakota-based regional provider of oil and gas products including propane, diesel and gasoline. The acquisition target's 2009 sales are expected to reach $8 million, up from 2008 audited financial results of $7 million. Assets are estimated at a fair market value of $500,000.
USOG strengthened its financial position with the acquisition of Turnbull Oil in May 2009. Plainville, Kansas-based Turnbull Oil is a thriving regional distributor of oil and gas products including propane, diesel, gasoline and lubricants. The company has 300+ customers and has grown steadily since 1965. USOG expects to file its quarterly report, announcing consolidated financial results which include Turnbull's performance in the coming weeks.
USOG is working to upgrade its listing from the Pink Sheets to the OTC Bulletin Board. The Company, which was founded in 2007, intends to move to a more regulated exchange to enhance communication with shareholders and ensure corporate transparency. USOG expects to complete the process in the first quarter of 2010.
USOG develops proprietary, smaller footprint oil and gas exploration and extraction technologies that the Company believes can improve efficiency and reduce damage to the environment. The Company has submitted patent applications for a fiberoptic seismometer for rugged environments and an automated leveling system for portable drilling rigs.
Alex Tawse, CEO of USOG, commented: "USOG has grown quickly by focusing on stable, profitable oil and gas services businesses with strong revenues and long histories of successfully serving customers in America's heartland. With a second acquisition of a revenue-positive company underway and proprietary environmentally responsible extraction technology under development, we are in position to grow sales, expand our geographic reach and increase value for USOG shareholders."
USOG gapping up on news from friday! Going to be a good week ;)
United States Oil & Gas Corporation (PINKSHEETS: USOG) is pleased to provide shareholders with an update on the Company's progress generating revenue from its oil and gas distribution business, finalizing acquisitions, developing more environmentally responsible oil and gas extraction technologies, and preparing to list its shares on a higher exchange. USOG acquires oil and gas services companies with historically profitable results, strong balance sheets, high profit margins, and solid management teams in place. Wholly owned subsidiary Turnbull Oil generated $16.5 million in revenue and $447,000 in Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) in fiscal year 2008.
USOG reports that the acquisition of a second profitable oil and gas distribution company is proceeding on schedule, expected to be completed by year-end. The Company is completing its due diligence and financing for a private, North Dakota-based regional provider of oil and gas products including propane, diesel and gasoline. The acquisition target's 2009 sales are expected to reach $8 million, up from 2008 audited financial results of $7 million. Assets are estimated at a fair market value of $500,000.
USOG strengthened its financial position with the acquisition of Turnbull Oil in May 2009. Plainville, Kansas-based Turnbull Oil is a thriving regional distributor of oil and gas products including propane, diesel, gasoline and lubricants. The company has 300+ customers and has grown steadily since 1965. USOG expects to file its quarterly report, announcing consolidated financial results which include Turnbull's performance in the coming weeks.
USOG is working to upgrade its listing from the Pink Sheets to the OTC Bulletin Board. The Company, which was founded in 2007, intends to move to a more regulated exchange to enhance communication with shareholders and ensure corporate transparency. USOG expects to complete the process in the first quarter of 2010.
USOG develops proprietary, smaller footprint oil and gas exploration and extraction technologies that the Company believes can improve efficiency and reduce damage to the environment. The Company has submitted patent applications for a fiberoptic seismometer for rugged environments and an automated leveling system for portable drilling rigs.
Alex Tawse, CEO of USOG, commented: "USOG has grown quickly by focusing on stable, profitable oil and gas services businesses with strong revenues and long histories of successfully serving customers in America's heartland. With a second acquisition of a revenue-positive company underway and proprietary environmentally responsible extraction technology under development, we are in position to grow sales, expand our geographic reach and increase value for USOG shareholders."
Gappin up this morning after Friday's PR, looking forward to seeing a big week out of USOG!
up 11.43% so far today I think the selling is almost over and the pps can head back up with ease. Im looking for the pps to return to the .08-.10 range relatively soon.
I have taken a position at .09 weeks ago. Today the volume started pick up and the E came off. This looks like a great company with a lot of potential!
up 27% on 2x its 10dma and no one is talking about USOG hmmmmm everyone must of allready taken profits?
Finding its bottom here and the price will go up soon
wow lots of selling pressure just came out of nowwhere??? Im taking this as an opportunity to catch the bottom, time to buy up the cheapies in my opinion.
Buying interest has really picked up lately. What are peoples thoughts on where this should go to?
.06x .065 2x3 on 27,384 shares, once we break resistance WNCG should head towards a dime if not over IMO.
Fridays news after the close: The Wyncrest Group and McKinley Financial Services Extend Relationship
The Wyncrest Group, Inc. (Pink Sheets: WNCG), a leader in niche insurance and financial products and services, today announced that it has further solidified its relationship with McKinley Financial Services. Affiliated since 2003, Wyncrest's subsidiary, Southwest Financial Group, will write all of McKinley's life insurance policies going forward. This is projected to generate nearly $2 million in additional revenue for Wyncrest.
McKinley Financial, based in Fort Lauderdale, Florida, was founded in 1987, and has grown to sales of over $125 million. Its team is comprised of over 50 agents, brokers, and employees selling insurance products in over 30 states; and coordinates benefits to more than 100 insurance companies. Keith Lanzara, President of the Wyncrest Group, commented, "We are extremely pleased to deepen our ties with McKinley. This is a tremendous validation of our strategy and hard work, and we look forward to continuing to deliver the type of insurance solutions that have benefited our clients and our companies."
About The Wyncrest Group
The Wyncrest Group is a publicly traded company based in Chicago, Illinois, which provides insurance products and services through its Southwest Financial Group subsidiary (SFG) and Wyncrest Offshore Services. SFG has been in business for 21 years, has 18,000 clients, and sells through 85 representatives nationwide. During 2008, approximately $22 million in total insurance policy sales were generated resulting is $1.1 million of commission revenues. WNCG plans to continue to grow SFG through discounted acquisitions of competing agencies and applying its IT advantage with a U.S. patent pending automated business method for managing the acquired client books to improve policy renewal retention and up-selling. The company expects that this strategy will reduce cost of sales by half compared to traditional origination methods.
WNCG is also in negotiations with several acquisition targets developed over an ongoing two-year campaign to find distressed agencies and consolidate contract assets under one lower cost platform. Through its Wyncrest Offshore Services Division, the Company is expanding into the growing offshore insurance and reinsurance market by offering a variety of services and products, including a liability program for helicopter flight training schools and non-owner helicopter pilots, and a line of Warranty Service Policies operating as a controlled foreign corporation. Royalty income is expected from licensing insurance products patented under a new category of business methods, a strategy taken only by a few in a new class of small innovative insurance companies leading the industry.
Chart looks like its set up for a run, the mac d has crossed and I will be looking for it to run soon!!!
http://stockcharts.com/h-sc/ui?s=WNCG&p=DAILY&b=5&g=0&id=p34829070938
WNCG has been in a good trading range lately, .055 seems like a solid level of support. This stock should easily return to .09 or .10 again.
BONZ Bid support is getting stronger and offers are lifting just what I love to see. I dont think it will be tough to test that previous high of .79. News today helping out alot
Bonanza Goldfields Corp (BONZ:OTCBB) announced today that it has successfully filed its Notice of Intent (NOI) with the U.S. Bureau of Land Management (BLM) and posted the necessary reclamation bonding with the State of Arizona per the BLM. Management expects to receive final NOI approval from the BLM within the next 30 days.
Gold Exploration LLC, Bonanza's exploratory and development partner, recently completed mapping and surveying on two unpatented placer claims located in the Black Rock Basin (BRB) of Arizona. Filing an NOI is the next step required in the process to begin exploratory drilling on the property. Upon approval of the NOI, Gold Exploration plans to begin trenching and sampling minerals from the backhoe trenches of these BRB claims. The trench sites planned cover six gold soil anomalies that were previously sampled and shown to contain gold and other precious metal reserves.
Pending BLM's approval, backhoe trenching will commence its pre-determined sites. "The first phase of backhoe trenching is scheduled to begin next month. Our trench sites, or horizontal drill holes, are designed to locate gold, silver and base metal mineralization at bedrock," said Steve Karolyi, co-founder of Gold Exploration LLC. "We are very optimistic about the first phase of our work due to the quality of the anomalies and today's record-high gold prices, which are holding at around $1000 per ounce."
Chris Tomkinson, CEO and president of Bonanza Goldfields Corp, said, "Gold Exploration is a valuable partner who has helped us expeditiously and seamlessly move forward with capitalizing on our two major mining claims. We are confident that an effective sampling program is in place and are looking forward to digging the first trenches next month pending BLM's approval."
"Only a portion of the known gold anomalies will be covered by Phase I. The west half of the property will not be affected and may be explored later using conventional reverse circulation drilling techniques and short trenches," added Karolyi.
About Bonanza Goldfields Corp.
Bonanza Goldfields Corp. engages in the acquisition, exploration and development of natural resource properties in the United States, primarily in the State of Arizona. The Company owns the mining rights to two unpatented placer claims in the Black Rock Basin (BRB), located on 320 acres of BLM ground in the southern part of the Vulture Mining District, Maricopa County Arizona on the northeastern flank of the Belmont Mountains. Over the past two years, Bonanza has taken over 400 soil and rock chip samples from the BRB claims. Prior samples indicate gold up to 0.10 oz per ton, silver up to 7 oz per ton, lead over 20% and zinc over 30% per ton with some copper. For more information on Bonanza Goldfields Corp., please visit www.bonanzagoldfields.com
BONZ Anyone playin it. Looking good here .56 x .564 +28% IMO it wants to test its previous highs of .79.
Todays news:
Bonanza Goldfields Corp (BONZ:OTCBB) announced today that it has successfully filed its Notice of Intent (NOI) with the U.S. Bureau of Land Management (BLM) and posted the necessary reclamation bonding with the State of Arizona per the BLM. Management expects to receive final NOI approval from the BLM within the next 30 days.
Gold Exploration LLC, Bonanza's exploratory and development partner, recently completed mapping and surveying on two unpatented placer claims located in the Black Rock Basin (BRB) of Arizona. Filing an NOI is the next step required in the process to begin exploratory drilling on the property. Upon approval of the NOI, Gold Exploration plans to begin trenching and sampling minerals from the backhoe trenches of these BRB claims. The trench sites planned cover six gold soil anomalies that were previously sampled and shown to contain gold and other precious metal reserves.
Pending BLM's approval, backhoe trenching will commence its pre-determined sites. "The first phase of backhoe trenching is scheduled to begin next month. Our trench sites, or horizontal drill holes, are designed to locate gold, silver and base metal mineralization at bedrock," said Steve Karolyi, co-founder of Gold Exploration LLC. "We are very optimistic about the first phase of our work due to the quality of the anomalies and today's record-high gold prices, which are holding at around $1000 per ounce."
Chris Tomkinson, CEO and president of Bonanza Goldfields Corp, said, "Gold Exploration is a valuable partner who has helped us expeditiously and seamlessly move forward with capitalizing on our two major mining claims. We are confident that an effective sampling program is in place and are looking forward to digging the first trenches next month pending BLM's approval."
"Only a portion of the known gold anomalies will be covered by Phase I. The west half of the property will not be affected and may be explored later using conventional reverse circulation drilling techniques and short trenches," added Karolyi.
About Bonanza Goldfields Corp.
Bonanza Goldfields Corp. engages in the acquisition, exploration and development of natural resource properties in the United States, primarily in the State of Arizona. The Company owns the mining rights to two unpatented placer claims in the Black Rock Basin (BRB), located on 320 acres of BLM ground in the southern part of the Vulture Mining District, Maricopa County Arizona on the northeastern flank of the Belmont Mountains. Over the past two years, Bonanza has taken over 400 soil and rock chip samples from the BRB claims. Prior samples indicate gold up to 0.10 oz per ton, silver up to 7 oz per ton, lead over 20% and zinc over 30% per ton with some copper. For more information on Bonanza Goldfields Corp., please visit www.bonanzagoldfields.com
BONZ .54x .55 2x1 next mm is at .63 looks like there is lots of room to go from here. Looking for a move past its previous high of .79.
BONZ + 25% and growing legs. Looking for it to move past previous high of .79 soon.
BONZ gappin on news
Bonanza Goldfields Corp (BONZ:OTCBB) announced today that it has successfully filed its Notice of Intent (NOI) with the U.S. Bureau of Land Management (BLM) and posted the necessary reclamation bonding with the State of Arizona per the BLM. Management expects to receive final NOI approval from the BLM within the next 30 days.
Gold Exploration LLC, Bonanza's exploratory and development partner, recently completed mapping and surveying on two unpatented placer claims located in the Black Rock Basin (BRB) of Arizona. Filing an NOI is the next step required in the process to begin exploratory drilling on the property. Upon approval of the NOI, Gold Exploration plans to begin trenching and sampling minerals from the backhoe trenches of these BRB claims. The trench sites planned cover six gold soil anomalies that were previously sampled and shown to contain gold and other precious metal reserves.
Pending BLM's approval, backhoe trenching will commence its pre-determined sites. "The first phase of backhoe trenching is scheduled to begin next month. Our trench sites, or horizontal drill holes, are designed to locate gold, silver and base metal mineralization at bedrock," said Steve Karolyi, co-founder of Gold Exploration LLC. "We are very optimistic about the first phase of our work due to the quality of the anomalies and today's record-high gold prices, which are holding at around $1000 per ounce."
Chris Tomkinson, CEO and president of Bonanza Goldfields Corp, said, "Gold Exploration is a valuable partner who has helped us expeditiously and seamlessly move forward with capitalizing on our two major mining claims. We are confident that an effective sampling program is in place and are looking forward to digging the first trenches next month pending BLM's approval."
"Only a portion of the known gold anomalies will be covered by Phase I. The west half of the property will not be affected and may be explored later using conventional reverse circulation drilling techniques and short trenches," added Karolyi.
About Bonanza Goldfields Corp.
Bonanza Goldfields Corp. engages in the acquisition, exploration and development of natural resource properties in the United States, primarily in the State of Arizona. The Company owns the mining rights to two unpatented placer claims in the Black Rock Basin (BRB), located on 320 acres of BLM ground in the southern part of the Vulture Mining District, Maricopa County Arizona on the northeastern flank of the Belmont Mountains. Over the past two years, Bonanza has taken over 400 soil and rock chip samples from the BRB claims. Prior samples indicate gold up to 0.10 oz per ton, silver up to 7 oz per ton, lead over 20% and zinc over 30% per ton with some copper. For more information on Bonanza Goldfields Corp., please visit www.bonanzagoldfields.com
BONZ been trading decent volume past two days in comparison to previous days. Seems like it could make a nice move from here and News today.
Bonanza Goldfields launches corporate website at www.bonanzagoldfields.com
PHOENIX, AZ, Sept 22, 2009 /PRNewswire-FirstCall via COMTEX/ -- Bonanza Goldfields Corp (BONZ:OTCBB), an exploration-stage gold mining company, is pleased to announce the official launch of its corporate website at www.bonanzagoldfields.com. The site provides detailed information on the Company's mining portfolio, geology-mineralization of the Black Rock Basin (BRB), plan of operations, management team and much more.
"As a public company, our goal is to offer greater transparency to our shareholders, business partners and interested investors. Our new Website provides detailed, up-to-the-minute information as we reach new milestones and move through each phase of the exploration and development process on multiple properties. With a growth-through-acquisition strategy underway, the site is perfectly timed to showcase the value of our Company and attract a broader base of potential acquisition targets and investors," said Chris Tomkinson, president of Bonanza Goldfields Corp.
About Bonanza Goldfields Corp.
Bonanza Goldfields Corp. engages in the acquisition, exploration and development of natural resource properties in the United States, primarily in the State of Arizona. The Company currently owns four unpatented placer claims, totaling 640 acres, located in the Vulture Mining District on the Black Rock Basin (BRB) in Maricopa County, Arizona. Bonanza's mining claims have been proven to contain significant amounts of gold, silver and other metal-based deposits based on extensive sampling. Over the past two years, Bonanza has taken over 400 soil and rock chip samples from its first two BRB claims. Prior samples indicate gold up to 0.10 oz per ton, silver up to 7 oz per ton, lead over 20% and zinc over 30% per ton with some copper within claim boundaries.