United Energy Corp (UNRG)

[PNKBULLSHT]

$UNRG In 2021, the Company raised approximately $2 million through an A Round of financing. Two of the company’s 2021 acquisitions, Entransco Energy, LLC and Cotton Valley Oil and Gas, LLC were entity purchases. The private oil and gas companies had financials that were not public-ready nor GAAP compliant. Our accounting firm, Weaver and Tidwell, L.L.P. and CPAs have had to verify and convert the historical financials of those companies so that they can migrate into United Energy’s financials as wholly owned subsidiaries. This process is laborious and time consuming. As a result, the Company needed to file an extension to file its 10K due on March 31, 2022. The extension grants United Energy an additional 15 days, and it plans to file its 2021 annual report on or before April 15, 2022.