United Energy Corp (UNRG)

[PNKBULLSHT]

$UNRG @UNRGCorp "FULL PRODUCTION Q1 2022"


Dec 8, 2021
$UNRG s #CottonValley production lines & #wells that we are currently upgrading. #Energy #NaturalGas #oilandgas #OTCMarkets #investment #familyoffice


Dec 7, 2021
$UNRG ‘s Cotton Valley #compressorstation being installed. This will allow for the reactivation of our 200+ #wells in NE #oklahoma starting now & full production expected 1Q 2022.



On January 4th, 2021, the company had approximately 7 oil and gas leases in various Oklahoma counties and 200
non-producing wells. The company entered into a purchase and sale agreement with SW Capital, LLC to purchase
the leases and wells in exchange for $300,200 of the company’s debt and liabilities associated with the properties.
The sale has been finalized.

On February 1, 2021, United Energy Corporation purchased a geographical site license to an Oil Shale Processing
technology known as PulseWave from Micronizing Technologies, LLC. Concurrently, United Energy purchased an
Option for the Master World-Wide Oil Shale License.

On March 1, 2021, United Energy Corporation entered into a settlement agreement with Alluwe Partners, L.P. and
Miskimon Energy, LLC to return previously purchased oil and gas leases known as the Cotton and Alluwe leases. In
exchange for returning the leases, Alluwe Partners and Miskimon Energy agree to release two promissory notes owed
by United Energy totaling $440,000. This settlement has been finalized.

On July 21, 2021, United Energy purchased 73 oil and gas wells on approximately 10,000 acres from Montclair
Energy, LLC. As of the date of this report, the purchase has been finalized.

On July 27, 2021, United Energy entered into a Purchase and Sale Agreement for the acquisition of Entransco
Energy, LLC and Cotton Valley Oil and Gas, LLC. Entransco Energy, LLC will serve as a wholly-owned subsidiary and
the company’s Oklahoma and Kansas operating company. Cotton Valley Oil and Gas, LLC owns 265 wells on
approximately 32,000 acres and 118 miles of transportation and pipeline systems. The acquisition of Entransco
Energy also contained 49% of Gateway Resources USA, Inc. The Gateway assets include 2,200 wells, approximately
200,000 acres of oil and gas leasehold and 1,000+ miles of transmission and pipeline assets. As of the date of this
report, the purchase has been finalized.

On September 2, 2021, United Energy entered into a Letter of Intent with Jubilee Exploration, LLC. The purchase
included approximately 500 wells and a purported 60,000 acres of oil and gas leasehold. After a due diligence review
of the assets, it was determined that the wells were conveyed to Jubilee as wellbore only assignments. As a result of
that finding, United Energy is not contemplating the acquisition of Jubilee Exploration or its wells at this time.

On September 18, 2021, United Energy entered into a Letter of Intent with NOGP, Inc. to purchase the Wagoner
County Pipeline and related oil and gas assets formerly owned by Red Fork Energy. The approximately 140-mile
pipeline contains transmission lines between 3” and 16” in size and an approximately 7 mile 12” steel high pressure
pipeline. The asset includes 5,000+ acres of oil and gas leasehold containing 89 wells primarily producing from the
Woodford Shale. As of the date of this report, the purchase is still pending title review.