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I agree!! Some exciting times ahead of us for sure
Bid is building, looks like our next run will be soon
Hahahaha math not just strong point
Looks like people getting that great news just put out!!
This has anything to do with UNRG?
Anyone understands how the OTC works, gets that this is a huge first step. Correct, no revenues. But that can change very quickly if they get these wells back online. Hmmmmm getting interesting here
$UNRG UNITED ENERGY ANNOUNCES SECURED FINANCING OF UP TO $5 MILLION
United Energy Corporation (PRNewsfoto/United Energy)
NEWS PROVIDED BY
United Energy Corporation
Oct 26, 2022, 09:00 ET
PLANO, Texas, Oct. 26, 2022 /PRNewswire/ -- United Energy (OTCMKTS: UNRG)
United Energy Corporation today announces it entered into a securities purchase agreement and convertible debt financing of up to $5 million. This funding completes UNRG's Stage 1 financing plan for the development of UNRG's Cherokee Basin oil and gas assets and related projects. UNRG is a diversified oil and gas producer with a 50-year history in the energy, manufacturing, and mining industries.
UNRG today announces it entered into a securities purchase agreement and convertible debt financing of up to $5 million.
The secured financing of up to $5 million is through a Senior Secured Convertible Note. If elected, the Note is convertible into UNRG's Common Stock at a conversion price of $0.10/share. It can be issued in tranches (designed for diverse investors at various risk and reward levels). It will be a senior secured obligation of United Energy and will accrue interest at a rate equal to the Prime Rate plus 9.0% per annum, with a minimum rate of 15% per annum payable monthly. The securities purchase agreement also includes two series of warrants exercisable at $0.20 and $0.30 a share.
The investment is provided by a family office investment fund. Family offices are investment funds that manage the financial assets of a family or group of families or trusts. They operate in a similar manner to standard investment funds but with more flexibility toward the objective of their principals.
Paulson Investment Company, LLC, a highly esteemed investment banking firm with nearly 50 years of operations, facilitated the institutional investor interest in United Energy. Paulson specializes in public offerings of small and emerging growth companies with capital needs of $5 to $45 million.
Brian Guinn, CEO and President of UNRG, said, "We are pleased to announce this milestone transaction which allows UNRG's operational team to scale and grow aggressively because of the expected long-term demand of natural gas – both domestically and internationally. This funding provides the financing to meet our growth projections which includes preparing United Energy for its filing to become a fully-reporting SEC company on a major exchange in the near term."
United Energy's Stage 2 financing plan includes a larger capital facility to be used for additional acquisitions and natural gas producing roll-up opportunities.
Forward-Looking Disclaimer
https://twitter.com/UNRGCorp
Media Contact:
Kimberly Stillwagon
uecorpinfo@gmail.com
214-901-5453
Investor Contact:
Brian Guinn
info@unrgcorp.com
469-209-5829
SOURCE United Energy Corporation
Wow!!! Now you believe it’s possible it WILL trade again!! That’s a big move from being REVOKED and going PRIVATE imho : )
Not sure how this is on topic but I guess it helps working for iHub. Got your insiders fixing shit
I just checked. We are not REVOKED yet and as I can see Billy has not taken us PRIVATE yet!!! : )
Hahaha exactly
I’m very glad you’re still here
I agree!!! Very much looking forward to the .20 - .30 range - so many great things in the works
Up 11.9%!! THIS IS FUN! : )
I forgot to post this yesterday.....
RIII SECURITY DETAILS
Share Structure
Market Cap Market Cap 1,685,062 10/17/2022
RENAVOTIO, INC. (RIII) ENGAGES CORPORATE ACCOUNTING FIRM AND EXPANDS ITS CRANBERRY GLOVE BUSINESS WITH CONTRACTS TOTALING $177,500,000
Authorized Shares 500,000,000 10/17/2022
Outstanding Shares 157,482,431 10/17/2022
Restricted 71,866,657 10/17/2022
Unrestricted 85,615,774 10/17/2022
How soon after that will we be REVOKED and Billy takes us PRIVATE?? Asking for a friend : )
Yes!!! Also Great news is we are still not REVOKED and Billy has not taken us PRIVATE!!! LMFAO : )
YES WE ARE!!! Very good : )
No loss unless you sell. No gain unless you sell. A prediction of this stock going up or down is irrelevant. What matters is where you bought at and where you sell at. I know this is a crazy way of thinking but it actually works!! : )
If you try it, maybe even you will make some $$$
Nahhhhhh sorry, not sure what I was thinking. The stooges are destined to cry and lose money- sorry man : )
Oh so you think that lawsuit brings them to being REVOKED and PRIVATE???? LMFAO : )
$RIII SECURITY DETAILS
Share Structure actually CHANGED
Market Cap Market Cap 2,791,364 10/07/2022
Authorized Shares 500,000,000 10/10/2022
Outstanding Shares 157,482,431 10/10/2022
Outstanding Shares 155,942,103 11/08/2021
Restricted 71,866,657 10/10/2022
Unrestricted 85,615,774 10/10/2022
I have staying power. This is pocket change to me. Great things coming grasshopper! : )
We still have about a month and a week before November 15th rolls around : )
Hahahahaha that’s great! Do they take turns making the pocket change till the go PRIVATE and this gets REVOKED?? Asking for a friend : )
The stooges are a special breed for sure
Must be!!! All of the $482 worth of shares traded smh : )
Agree!! Definitely getting closer every day to our filings and getting current. Very excited as I am sure you are to trade again. : )
There are limits to the number of shares they can sell and lots of fun forms to fill out and file in order to sell those limited shares
-.0038 down on light volume - would not call that “tanking” : )
Well he doesn’t know about compliance issues that we do know. Trim the extra fat, I LIKE IT! : )
Actually this has been one of their first business plans. Great to see they got this going as well. Very soon we will have multiple revenue sources. Great foundation being built here
$UNRG $NFEI
New Frontier Energy Announces New Business Focus and Strategies: Oil Shale Extraction
Wednesday, October 5, 2022 8:30 AM
ORLANDO, FL / ACCESSWIRE / October 5, 2022 / Effective September 7, 2022, the Board of Directors of New Frontier Energy, Inc. (OTC:NFEI) determined to cease real estate-related operations and adopted a new business plan to enter the oil shale extraction industry, with its business centered around a technology known as Resonance And Micronization System (R.A.M.S.) which it has sublicensed, on an exclusive basis, from United Energy Corp. (OTC:UNRG), with the consent of the master license holder.
New Frontier Energy, Inc., Wednesday, October 5, 2022, Press release picture
Shareholder Update. The Company's CEO, Richard Edelson, is prepared to lead its charge into the oil shale extraction industry. "We believe the R.A.M.S. technology will revolutionize oil extraction from shale deposits. The R.A.M.S. technology is more economical, higher-yielding, energy-efficient, environmentally-friendly, rapidly-producing, and lower-maintenance than traditional methods of oil extraction from shale reserves," Mr. Edelson stated. "We are currently in the process of funding the manufacture of our first R.A.M.S. machine and have already begun implementing our sales strategies towards establishing a new frontier energy company. We will provide periodic updates to our shareholders, as progress is made," Mr. Edelson concluded.
Brian Guinn, CEO of UNRG, added, "The R.A.M.S. technology revolutionizes the traditional methods of oil extraction from shale reserves. United Energy is excited to partner with New Frontier Energy in the development and expansion of this exciting technology. With its Regulation A offering in place, New Frontier Energy has an existing funding structure that should allow for a significantly more robust technology development, manufacture and sales process well ahead of any other company in this space. Today, UNRG has a 20% fully diluted equity stake in New Frontier Energy and we are committed to aiding in its success."
About R.A.M.S. The micronized R.A.M.S. technology is able to remove from shale rock either pollutants or kerogen, 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.
In the energy industry, separating raw oil shale and kerogen, the crude oil precursor, 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 relied on crushing, pulverizing, and grinding milling processes using high-impact machines. In contrast, the resonance disintegration technology causes materials to be liberated from within, maintaining the integrity of the original material while protecting nearby groundwater.
Kerogen Capture. 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, A New Frontier. However, using R.A.M.S. 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. 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, 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 in reserves within the Green River formation.
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 R.A.M.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 Acknowledgment. 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 R.A.M.S. (Resonance And Micronization System) 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."
Stay Up to Date. For news and updates, shareholders, prospective investors, and prospective business partners are encouraged to follow NFEI_Info on Twitter.
About NFEI
New Frontier Energy is further developing a breakthrough oil shale extraction technology to access the abundant oil shale reserves within our own borders, bringing us closer to energy independence. By using a patented Resonance And Micronization System (R.A.M.S.), New Frontier Energy is able to extract kerogen from oil shale by using high frequency sound waves that pulverize rock as opposed to traditional methods of crushing or grinding. The R.A.M.S. technology significantly reduces the costs of oil shale extraction while avoiding many of the negative environmental impacts. The end result is a cleaner, purer and cheaper form of kerogen extraction.
Safe Harbor Statement
This current press release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including, but not limited to, any products sold or cash flow from operations.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with distribution and difficulties associated with obtaining financing on acceptable terms. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with OTCMarkets.com.
Contact:
New Frontier Energy, Inc.
631-747-0117
invest@devildonutz.com
$RIII
$RIII SECURITY DETAILS
Share Structure NO CHANGES SINCE NOVEMBER 2021
Market Cap Market Cap 2,791,364 10/04/2022
Authorized Shares 500,000,000 10/03/2022
Outstanding Shares 155,942,103 10/03/2022
Restricted 70,326,329 10/03/2022
Unrestricted 85,615,774 10/03/2022
Sounds to me like $UNRG and their RAMS technology will fit right in
Energy intensive industries are facing pressure from investors, customers and government to reduce their carbon intensity. Many stakeholders view an all-of-the-above approach to decarbonization as the ideal path forward, with many technologies, both renewable and hydrocarbon based, in the mix in the coming decades. A pair of technologies has emerged as key to facilitating decarbonization objectives, while also supporting the continued, reliable operation of our energy systems. One of these technologies is Hydrogen-an abundant element that can be produced from both renewable and fossil sources, and can be used as a fuel for power generation, industrial applications and in many other uses, as well as a tool for long-term energy storage. The other is carbon capture and sequestration, a means of extracting CO2 from emissions sources for permanent geologic sequestration. Both of these technologies are receiving great attention from investors, utilities, tech, and energy companies. Numerous projects were announced in the U.S. in the past year. Attorneys Jim Curry and Kevin Garber discuss the opportunities and challenges related to Hydrogen and the national push for increased CCS, and key practical hurdles that must be overcome.
Hydrogen and Carbon Capture and Sequestration – a Low Carbon Energy Source
The national and global energy industry is evolving rapidly toward a low-carbon future. The federal government, the oil and gas industry, the energy-intensive manufacturing sector, and private capital now are investing significantly in the development of hydrogen as an energy source to meet the growing demand for energy while reducing greenhouse gas emissions.
Hydrogen can be generated from natural gas by steam methane reforming or from water through electrolysis, which currently is the more expensive means of production. The 2021 Infrastructure Investment and Jobs Act allocated $8 billion in funding for hydrogen research and development including establishing four hydrogen hubs in the United States. The Department of Energy may begin selecting those hubs in late 2022 or early 2023. There is a fair chance the Appalachian Basin may be selected given our abundant natural gas resources and proximity to heavy industry to off-take produced hydrogen.
Hydrogen can be used for power generation in existing natural gas fueled gas turbine, for energy storage underground similar to how natural gas is stored today, for heavy duty transport in trucking, marine transport, and aviation, and to make products like fertilizer. Hydrogen can also replace other fuels in energy intensive manufacturing and chemicals including steel, cement and petrochemicals. This last application of “industrial decarbonization” emphasizes the use of hydrogen as a zero or low-carbon alternative to other fuels. The cost to generate and use hydrogen in these applications is a key issue to resolve although the cost is dropping.
Pairing hydrogen with carbon capture and sequestration, in which CO2 is captured and injected underground for permanent storage, has potential to be scaled up to a low carbon energy source, but there are key issues to be addressed here as well. These include obtaining the legal right to subsurface pore space for sequestration; obtaining permits to transport supercritical CO2 from the generation point to the injection well; obtaining permits to drill and operate injection wells; and managing the storage fields needed for long-term storage. A few states including North Dakota and Wyoming have taken the lead in obtaining primacy from EPA to permit injection wells and have developed state statutes to assume responsibility for underground CO2 storage after injection, but the federal government and/or additional states need to address these issues to further the development of hydrogen and CCS. Nevertheless, several CCS projects are now underway in the United States in the bioethanol and fertilizer industries.
Well you’ve spoken!! Guess it must be true. I’ll send an email to Billy to tell him that his stock will be revoked and he will be taking this private after the 15th!! You know just in case he wasn’t aware of that. : )
Hard to keep track of the stooges
But not REVOKED or PRIVATE!! : )
I agree!! Looks great and what do they say?? “Volume before price”??
L2 looking sweet!! $UNRG will be a life changer I believe. First tweet about the use of the ground breaking RAMS technology out!!
$NFEI Exclusive R.A.M.S. sublicense from $UNRG. Regulatory environment favors liberation of oil from shale rock with rapid shock waves (resonance) while protecting nearby groundwater. Capital is coalescing around technologies that make industries "friendlier"
$NFEI Exclusive R.A.M.S. sublicense from $UNRG. Regulatory environment favors liberation of oil from shale rock with rapid shock waves (resonance) while protecting nearby groundwater. Capital is coalescing around technologies that make industries "friendlier" #smarter
— New Frontier Energy (@NFEI_Info) October 4, 2022