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Investors are anticipating accurate future guidance and industrial client news, not pictures Rainer took of the facility.
1st q showed around 300 thousand in revenues, with the additional production that came online since then its my opinion revenues should have more than doubled. Besides remember they are supposed to do 4 mil by end of yr
I agree.
Volume was low today. Should spring back over .003 tomorrow unless there is bad news im not aware of.
Learn then watch. em
I'll guess a MINIMUM increase of 500 thousand in revenues.
Ill guarantee an increase in revenues on the next 10q
management needs to step up to the plate and inform its shareholders on the state of industrial client and everything else.
beautiful..textbook for the BIG run, usually always a signal that the NEWS is NEAR!
Now thats what I call DD!!
...April 16, 2012
UNGS Subsidiaries:
The Company through its subsidiaries operates 115 natural gas wells, 33 oil wells, and maintains a leasehold base of approximately 17,000 acres in the Appalachian Basin. In addition, the Company maintains investments in equities, mineral rights, and corporate debt.
US Natural Gas Corp KY ("USNG KY")
USNG KY is a wholly owned subsidiary which is responsible for the day to day operations of the Company's oil producing properties in Kentucky. Presently, USNG KY operates thirty oil wells of which 14 are in production in southern central Kentucky, and maintains a leasehold base of approximately 5700 acres. USNG KY will continue to rework and place acquired wells into production while growing the leasehold base. USNG KY recently launched a new drilling program targeting the Knox formation on the Turner leasehold in Green County, Kentucky with a goal of drilling three to four wells prior to year's end.
US Natural Gas Corp WV ("USNG WV")
Formerly Wilon Resources, Inc., USNG WV is a wholly owned subsidiary which is responsible for the day to day operations of the Company's natural gas development project in Wayne County, West Virginia. USNG WV operates 115 natural gas wells, 3 oil wells, and maintains a leasehold base of approximately 12,000 acres. The Company is placing the wells back into production on an individual basis after a series of tests and installation of completion components. At present, the Company has 30 wells in production and anticipates this number to increase to 60-65 by the end of August. The Company has entered into a purchase agreement allowing for firm capacity delivery of production, alleviating any reoccurring concerns of indefinite shut-in periods.
E 3 Petroleum Corp ("E 3")
E 3 is a wholly owned subsidiary which is the sole operating and bonding entity for the Company's wells in the states of West Virginia and Kentucky.
E 2 Investments, LLC ("E 2")
E 2 is a wholly owned subsidiary which focuses on acquiring assets valued or equities trading at inherently depressed levels. At present, E 2 owns the mineral rights on 180 acres of land in Wayne County, West Virginia, and a minority stake in a publicly traded specialty retailer catering to the hunting industry.
SLMI Options, LLC ("SLMI")
SLMI is a wholly owned subsidiary which focuses on the acquisition of corporate debt. SLMI was acquired by the Company in 2009 and currently holds in excess of $1.0 million
http://usnatgascorp.com/subsidiaries.html
Do they hold MWWC??
That was #1 the reason the stock fell to .001's in the first place, and #2 the reason the stock is starting to move back up, at which any point will explode on announcent of this deal.
It was supposed to be announced months ago, but was delayed. Thats a fact straight from management.
*50 million* dollar contract announcement with Case New Holland coming soon!!!!!!!!!
Wayne Anderson, President of US Natural Gas Corp. "The prospects for the company remain bright as we continue to place both oil and natural gas producing wells into production."
"And while we will no longer be bound by the reporting obligations of the SEC, the company does intend to resume regular communications with the investment community as a stock traded on the OTC Markets," Anderson added.
.0028 X .003
Who cares about pictures? lol
From an investing standpoint we are in an accumulation phase! This is the time to really accumulate this stock in my opinion.
Most shares held here are by investors and not traders.
Very volatile on only 6 million of volume! Good sign it wont take much to move this back above a penny!
3 million at .05 is a nice chunk of change...because with the Case New Holland deal that is where we are heading!
we'll see .004's today! em
its called email
Huge run coming here on huge news, congrats to those who got in early today at a cheap price.
50 million dollar contract will be the proof in the pudding. Getting close here!!
Picked up more this morning! em
There are millions of stocks without revenues trading with only two zeros!! This company has revenues and they are in a booming industry. Anything under .0005 here is STEAL.
Gonna see .004's today!! em
I agree, $2 was realistic when there was less than 100mil OS, But now that there is around 500 mil that reduces this valuation to no more than a quarter imo.
Goodnight all see ya tomorrow! Big days ahead!
If they actually have producing wells then anything under .0005 is a deal.
Its definitely passed the rfq phase, I will make a guess that next pr in that regard will announce beginning of production
Its all about revenues first. Revenues allow expansion, even if not profitable yet.
THINK ABOUT IT! Why on earth would a company turn away business!! Here comes .02+ a few months later than I hoped but better late than never!
Thats because they probably have no idea company is on verge of announcing a 50 million dollar contract with case new holland!
The only thing that matters here is the case new holland contract. em
The Ungs website gives these production numbers.
$$$MWWC$$$