Universal Apparel and Textile Co. (DKGR)

[Ladeytrader]

Pegasus Oil Well Services has forged a powerful partnership with Drake Gold Resources as part of a bold move to boost their presence as a provider of oil, gas and water well services.

Less than five years old, Pegasus has experienced solid growth, yielding over $600,000 in sales in 2005. Pegasus and Drake are led by management teams possessing over 100 years combined experience in the mining industry. Pegasus' decision to unite with Drake is the result of seasoned decision making and research into mining industry trends. Drake is seen as a fast growing player in this field. This alliance pairs Drake's focus on exploration and mining with Pegasus' dedication to supporting the infrastructure of oil mining (in addition to its presence in the gas and water industries).

Pegasus not only provides well cementing services, but is steadily developing the ability to conduct hydraulic fracture treatments along with new acidizing services.

The explosive activity in the oil and gas arenas has led to strong and solid positioning for these two companies. The demand for the services of Pegasus and Drake is expected to continue to increase as the activities of exploration and mining remain high.

Pegasus is located in the San Antonio area, where numerous active gas and oil fields are located. Pegasus' water well services are also in demand in this area which is also known for its farming and ranching. A satellite office in the Midland/Odessa area is expected in the very near future. A satellite yard in the Permian Basin of West Texas is planned, which would provide an area as attractive as South Texas (San Antonio) due to the potential high demand in this region for oil and gas well services. Pegasus is presently expanding its operations by continuing to add equipment and crews.


http://www.pegasusoilwellservices.com/index.html