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Stoploss's recommendation-
STRONG BUY BUY BUY!!!!
From a chart perspective USOG could not look any better.
Many more green days to come, it will be so green around here we will all have to cut our lawns in the winter! GLTA
I think this is regarding the interest for the extension.
He is and has been getting it done, Alex is truly a man of his word. I think that is what I lie the most about USOG, we don't always get good news - but when you are hearing the truth it usually is not always good news.
Looking forward to many green days.
Our other holding is about to go ape s#!+, I am hearing MS is weeks away from being done. FWIW
But now the whole world knows.
United States Oil and Gas Corp Now Trading on OTCQB
10/06/2010 08:30:45 ET
AUSTIN, TX, Oct 06, 2010 (MARKETWIRE via COMTEX News Network) -- United States Oil and Gas Corp (OTCQB: USOG) is pleased to announce that as a result of its registration statement with the SEC becoming effective and remaining current in its required filings, its common shares are now trading on the OTC market for U.S. registered companies. The Company's ticker symbol, USOG, remains the same.
OTCQB includes only registered and reporting companies with the SEC or a U.S. banking regulator and is the next tier above the Pink Sheets where the Company's common stock was previously quoted. Market makers enter quotations electronically on this platform. Approximately 4,000 companies are currently listed on the OTCQB. The Company plans to build on its successful progression to the OTCQB and will continue working towards moving its stock to larger public markets such as the premier OTCQX and NASDAQ exchange.
About USOG
United States Oil and Gas Corp is focused on acquiring and growing domestic oil and gas services companies. We target mid size family-run businesses with historically profitable results, strong balance sheets, high profit margins, and solid management teams in place. Our subsidiary, Turnbull, which had revenues of $14 million in 2009, was founded in 1965. We own all of the facilities and equipment used at our locations in Plainville, Utica, and Palco, Kansas. Our subsidiary, United, was founded in 2003, and sells and distributes refined oil and gas products including specialty racing fuels throughout North Dakota as well as regions of South Dakota and Montana. We own and operate a convenience store in Belcourt, and hold approximately six acres of developable land located in Bottineau, North Dakota.
The Company has tried to identify any forward-looking statements contained in this press release using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or provide advice in the event of any change, addition or alteration to the information catered in this press release including such forward-looking statements. Refer to "Item 1A - Risk Factors" in our registration on Form 10 filed with the Securities and Exchange Commission for a discussion regarding our exposure to risks. Additionally, new risk factors emerge from time to time and it is not possible for us to predict all such factors, nor to assess the impact such factors might have on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.
WOOOOOOOOHHHHOOOOOOOOOO!!!!!!
Has anyone heard about the Cecil field addition? Is that still on? I heard on a local news channel this morning that Cecil had received government grants to expand into the aerospace industry.
Timing seems right, I just don't know what kind of credibility DB's statement holds.
Ack, I don't have Pm.
I could forward you the emails if you PM me your address.
I received 3 different alerts today for USOG!
Go baby go!
I- box looks great, nice job ack!
Let this morning play out and this is going to be another strong Green day folks. IMO
You didn't. We are all just waiting to hear something.
You did call it. Good call ack, you really do have your stuff together, glad your on our team.
I'll never be able to bring myself to own another kind of dog, Danes are so unique what awesome companion's they make, thanks.
Man good news, what a great time to get in this stock, USOG is going to go postal one day and I am glad that I'll be here, in hindsight I wish I had waited a little longer but oh well what's done is done. at least I'm not one of those poor soles that doesn't even know that USOG exists. GLTY
Just a correction.
AFTER HOURS NEWS!
/ CORRECTION: US Oil & Gas Corp
09/23/2010 16:30:24 ET
AUSTIN, TX, Sep 23, 2010 (MARKETWIRE via COMTEX News Network) -- In the news release, "United States Oil and Gas Corp Reports Profitable Second Quarter as Sales Rise," issued Tuesday, August 24, 2010 by US Oil & Gas Corp (PINKSHEETS: USOG), we are advised by the company that the third sentence of the first paragraph should read "Net income was $6,807 for 2Q10, on revenues of $6.0 million from the sale of refined fuels and other service activity" rather than "Net income was $6,807 for 2Q10, on revenues of $6.3 million from the sale of refined fuels and other service activity" as originally issued. The contact information has been changed as well. Complete corrected text follows.
United States Oil and Gas Corp Reports Profitable Second Quarter as Sales Rise
AUSTIN, TX (September 22, 2010) -- United States Oil and Gas Corp (PINKSHEETS: USOG) announced its results for the three months ended June 30, 2010 (2Q10). The Company posted a gross profit of $603,502 up from $107,855 in the second quarter of 2009 (2Q09), and $450,377 in the first quarter of 2010 (1Q10). Net income was $6,807 for 2Q10, on revenues of $6.0 million from the sale of refined fuels and other service activity. This compares to a net loss of $278,597 from revenues of $1.6 million during 2Q09, and a revised net loss of $347,131 from revenues of $5.4 million in 1Q10. Cash as of June 30, 2010 was $462,007 with total assets of $8.2 million.
Results in 2Q10 reflect the consolidated performances of the Company's two wholly owned operating subsidiaries, Turnbull Oil ("Turnbull"), which was acquired in May 2009, and United Oil & Gas, Inc. ("United"), which was acquired in January 2010. United did not contribute any revenues in 2Q09. Turnbull was acquired mid-quarter of 2Q09. It contributed revenues for half the period, or $1.6 million. Total revenues for 2Q09 were $2.8 million, and total revenues during 2Q10 were $4.8 million, an increase of approximately 73%.
Chairman and CEO Alex Tawse commented, "These positive results reflect good weather and a significant wheat harvest in the later portion of the second quarter for our Kansas based subsidiary, Turnbull."
The limited information contained in this press release is not adequate information upon which to make an informed investment decision. Additional information regarding our second quarter performance is available in our Quarterly Report of Form 10-Q to be filed with the Securities and Exchange Commission, a copy of which will be posted on the Company's website at www.usaoilandgas.com.
About USOG United States Oil and Gas Corp is focused on acquiring and growing domestic oil and gas services companies. We target small to mid size family-run businesses with historically profitable results, strong balance sheets, high profit margins, and solid management teams in place. Our subsidiary Turnbull, which had revenues of $14 million in 2009, was founded in 1965. We own all of the facilities and equipment used at our locations in Plainville, Utica, and Palco, Kansas. Our subsidiary, United, was founded in 2003, and sells and distributes refined oil and gas products throughout North Dakota as well as regions of South Dakota and Montana. We own and operate a convenience store in Belcourt, and hold approximately six acres of developable land located in Bottineau, North Dakota.
The Company has tried to identify any forward-looking statements contained in this press release using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or provide advice in the event of any change, addition or alteration to the information catered in this press release including such forward-looking statements. Refer to "Item 1A - Risk Factors" in our registration on Form 10 filed with the Securities and Exchange Commission for a discussion regarding our exposure to risks. Additionally, new risk factors emerge from time to time and it is not possible for us to predict all such factors, nor to assess the impact such factors might have on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.
Could it be that DB is out, so now the new crew has the confidence to buy in?
I just looked back at all the post from the day, all the post that have been deleted were deleted by ADMIN, so they are watching. The person in question will be held accountable soon enough in the mean time let's put him on ignore if you choose, and keep this board about USOG.
We have exiting times ahead of us, up list is right around the corner and I believe we will have some very good news about the TB note very soon.
Till tomorrow - good night everyone.
I agree, and we desperately need a fighting chance, I just wanted to make the point that people like the CEO can hurt people bad and then somehow justify it in their own minds and take the stance that the share holders had it coming anyway because they asked too many question's.
People like this don't stop on their own they have to be stopped, and I hope that there are a few people that will be willing to see this through to the end. I am.
I know it's the pinks and it's a risk, but QASP has taken it to a whole new level, but you are right for now we need to be patient and let this play out some more so hopefully we can start to recover. GLTY Manti
Question for the board -
If a man rob's several banks and get's away with it for a year, when the FBI catches him, would they say as long as you quit we will let you go on with your normal life? ABSOLUTELY NOT!
If in fact DB has committed fraud and other illegal actions, (not to mention fiduciary duties) then he needs to pay. Not just get a pass and move on to the next Publicly traded company and mislead people out of their money with no consequences, nor should he be allowed to get a big pay off to leave and retire on the backs of hard working peoples.
The fact is that we live in the United States of America, and in this great country we hold people accountable for their wrong doings and we reward people for going above and beyond, but we are not a nation of fools, we don't let people take advantage of us and we sure don't just lay down when they do. We fight back!
I know that we all want to protect our investment, and removing DB seem's to be the only way to do that. I hope that this happens soon for everyone's benefit, but if and when DB does step down I feel that it is our duty to make him accountable for what he has done, if Variety truly has information now that could put DB away, then he has already broken the law and needs to be punished just like anyone else. AIMHO
Allright I am off my pedestal now, glta
Could be a big distraction, meant to focus people's attention towards DB being incompetent and stubborn. It is not a crime to be incompetent or stubborn, a diversion to take focus away from the illegal actions that have taken place over the last 2 years. Because if there is controversy all around and lawsuit's flying, and others want control, then the deal's and loan's etc. must be real right????
Don' know about you but I would rather be looked down on then be locked up! JMO DISTRACTION'S
Dean needs to act like a real CEO and not address this (.)
Just get the funding DB, surely you can pretend to have your $h1t together long enough to do that!
Yup, and that means he hasn't done crap, but keep up to date on the best time to sell shares.
Dean hate's me- I am not allowed in there, and I didn't feel like being lied to today anyway, at least not until after lunch. LOL
Hope something positive is really happening. GLTY
I don't know, I drove by Quasar this morning and it seemed very busy today, about three times the normal cars, and CAR as well. Maybe something is cooking. (maybe)
More truth has come from this board than Quasar (.)
And thats a fact, maybe they should look into that!
Just venting too. Thanks for the update chief.
J Turnbull is not a stupid man, if United is truly sitting on potentially billions of barrels of oil, he is not going anywhere, he knows he will get his money and be rewarded well for his patience.
I think Alex is selling shares to get everyone paid and out that may have any stake in the profits, before he lets the big news fly. I know it's been weird and very discouraging at times, but I feel we have something very unique here and it will make history. JMO -GLTA
You think so? I don't know I think I hear her right now, but maybe not.
Just thought I'd get the advantage by starting early, before DB disappears into the retirement home with our money!
I caught a lot of grief a few weeks ago for saying that I had a corporate attorney and the media looking in to DB and his shy-sty actions.
All I can say now is who wants in on the class action lawsuit that this Jacksonville attorney will be filing?
Or is it still a stupid thing to do? lol
I agree with a lot of what you are saying, I am just bitter. You are right no one made me invest here, but no one forced DB to lie and create phony timelines either and I guess it is our fault for believing the CEO of the company when he said that he had closed two aqui's that would generate 40 million dollars ( which is what I invested on ) I don't know anymore then you and this could still work out, but for the life of me I cannot understand why you would think that DB deserves anything, his actions have been disgraceful.
And as to why I'm hear it's because Quasar closed TWO acquisitions that generate 40 mil per year - right???
Oh yeah and I am a stuck - bag holder.
Nothing personal just pissed, I give you credit for remaining optimistic at this very dark time. GLTY
I think that you picked a great day to be on a plane. That way you don't have to watch us head into the .0009 abyss.
have a safe flight, your not missing much here.
Really to bad, USOG will be alerted tomorrow for news and volume spike, but every time people start throwing money at this stock it is brought down, every chance that we have had to run it has been squashed like a bug.
Just think of the alerts and new eyes tomorrow or even right now, they will say great news great volume and the pps goes down - I think I'll pass something is not right here.
But anyway GREAT NEWS!! This is cool and I am looking forward to what the future could bring!!
Good luck guys and gals.
And we are red again, wow!
They still have a note due on United. Wonder if this changes anything?
I see the jacksonville connection, is that what caught your eye or is there something else?
I don't think that there has been any dilution recently, the volume just doesn't support that, that is not to say that there won't be any if we get news, but the recent volume indicates that if the company is selling then they are doing it to make about $500 - I sure hope that they don't need money that bad.
I think we will be in good shape soon James seems like a pretty reasonable guy and I think that once their house is in order he will let the news flow and the pps take care of itself. IMO
LOL! Isn't that the truth.
Just gotta keep thinking that it's all for the greater good, and one day it will all make sense.
Yeah, these are very different people from most of us, much of our optimism came from from the fact that these people had their reputations on the line. So we kept putting ourselves in their positions, and then we all came to the conclusion that there is no way that we would jeopardize our reputations, so the same must apply to them.
But I have come to the conclusion that these people are a different breed the Newby's and DB's of the world thrive on the things that most would not be able to live with.
AIMHO