InvestorsHub Logo
Followers 169
Posts 19850
Boards Moderated 0
Alias Born 07/08/2008

Re: pepeoil post# 14765

Saturday, 08/13/2022 10:22:43 AM

Saturday, August 13, 2022 10:22:43 AM

Post# of 15887
$UNRG UNITED ENERGY ANNOUNCES MAJOR CORPORATE ADVANCEMENTS

Aug 05, 2022, 09:00 ET

PLANO, Texas, Aug. 5, 2022 /PRNewswire/ -- United Energy (OTCMKTS: UNRG) -- United Energy Corporation today announced 100% acquisition of Integrity Terminals, LLC., adding to UNRG's previous minority ownership stake of 12%. According to Brian Guinn, UNRG CEO, "As a wholly owned subsidiary of UNRG, full ownership and operational control enables UNRG to implement aggressive plans for the project's completion while increasing shareholder value. Profitability. Responsibility. Sustainability. These are the hallmarks of our corporate mission."

UNRG has also acquired the option to purchase a total of 686 acres of land located in Iberville Parish, Louisiana. The land's purchase is subject to due diligence studies and permitting approvals prior to closing on the property.

UNRG engages EXCEL Midstream Solutions, Houston, Texas as its strategic design, permitting, and engineering partner.

Integrity Terminals is a planned greenfield facility and sophisticated bulk storage import/export project strategically located in Louisiana's Gulf Coastal area along the Mississippi River. This corridor connects U.S. oil and gas suppliers with domestic and international markets. The world-class and technologically advanced, multi-functional facility will store, blend, and distribute petroleum products, crude oil, biofuel, green energy, and non-petroleum compounds. Phase 1 will focus on rail storage and transport. Phases 2 and 3 will incorporate deep-water and barge access, bulk storage, and more complex rail rack and rail storage systems.

This ambitious project will reduce dependence on foreign sources and interrupted supply chains. Leveraging connectivity to key refineries, pipelines, and the country's network of highways, integrated terminals provide logistical and wholesale oil and gas distribution solutions. The terminal will embrace eco-friendly, LEED® certified building practices, relying heavily on carbon capture and vapor recovery technologies (with the goal of carbon neutrality), contributing to a cleaner, healthier environment.

In conjunction with the acquisition, UNRG also announces it has engaged EXCEL Midstream Solutions, Inc. of Houston, Texas as its strategic design, permitting, and engineering partner. EXCEL provides premier civil, structural, mechanical, fabrication, electrical and instrumentation engineering, construction, and maintenance services. Their dedication to safety, stellar quality, and highly skilled professionals sets them apart in the industry. EXCEL's current roster of exclusive partnerships represents a critical service providing affordable fuels and power along with significant sustainability and carbon reductions. EXCEL has commenced the initial due diligence, engineering, facilities design, and permitting efforts, estimating that construction for Phase 1 can begin as early as Q3/Q4 2023 and Q1/Q2 2024 for Phases 2 and 3.

[Suppressed Image]

https://www.unrgcorp.com/media

----------------------------------------------------------------------------------

United Energy Announces Engagement of Investment Bank
Tuesday, July 19, 2022 1:30 AM

Partnerships
PLANO, TX / ACCESSWIRE / July 19, 2022 / United Energy (OTC PINK:UNRG), a diversified oil and gas producer based in Plano, TX with a 50-year history in the energy, manufacturing, and mining industries, announced today that it has engaged Paulson Investment Company, LLC, a highly esteemed investment banking firm with nearly 50 years of operations, to highlight and expose UNRG to the investment community.

Paulson Investment Company, LLC has earned national distinction as a premier boutique investment bank. Focusing on the small to mid-cap markets, they participated in more than 175 public and private offerings while raising over $1.2 billion in the financings. They concentrate their efforts on limited access private equity offerings.

Brian Guinn, UNRG President and CEO, declared, "We are very pleased to engage Paulson as a significant first step to a long-term successful investment banking relationship. We believe UNRG's market cap is highly undervalued and offers a unique value opportunity to their clients. We expect the Company to scale and grow aggressively because of the long-term expected demand of natural gas, both domestically and internationally."

This extremely significant partnership will allow UNRG to leverage Paulson's strong network of investors in order to expand UNRG's current operations and provide the continued exposure needed to achieve its ambitious future milestones, including preparing United Energy for its filing to become a fully-reporting SEC company on a major exchange."

About Paulson Capital Corp

Paulson Capital Corporation is the parent company of Paulson Investment Company, Inc. Headquartered in Portland, Ore., Paulson Investment Company, Inc. is a boutique investment bank and a national leader in public offerings of small and emerging growth companies with capital needs of $5 million to $45 million. Founded by Chester "Chet" Paulson in 1970, it has managed or underwritten over 170 securities offerings and has generated more than $1.2 billion for client companies.



--------------------------------------------------------------------------------

United Energy Corp. Has Shifted Its Approach To Oil And Gas Production In A Post-Pandemic Climate

Brian Guinn, CEO of United Energy Corp.
UNRG
, was a guest speaker at Benzinga’s All Access on June 24th, 2022.

United Energy Corp. is a leading oil and gas producer based out of Plano, Texas. Since the pandemic, the company has taken an approach focused on exploration, development, production, storage and technology.



Watch the full interview



----------------------------------------------------------------------------------------

Shareholder Update April 1 2022
Shareholders,

The company’s growth strategy launched in July of 2021 can be categorized in three simple stages. Those are Stage 1: Funding, Stage 2: Acquisition, and Stage 3: Development.

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.

In addition, and in parallel to aggregating the various books and records, UNRG is building the reserve reports of those assets and a separate team of reserve engineers at Lee Keeling & Associates is accomplishing that task.

The Company’s 4th and 5th acquisitions, Gateway Resources USA, Inc., and the Wagoner County Pipeline are still pending the final due diligence items review.

UNRG’s auditing firm M&K & Associates has completed its 2020 audit and is ready to complete its 2021 audit pending the migration of the financial data of the acquisitions listed above. Unfortunately, this is a necessary and time-consuming step but NOT a revenue generating activity. Once complete, the Company will file to become a fully-reporting SEC company and apply to up-list to the OTCQB market.

UNRG is now raising a B Round of financing through a credit or hybrid equity facility and expects to announce a lending partner soon. The Company will use this capital to scale and develop the acreage acquired in 2021 (activate leases, turn wells on, and drill new wells). Activation of some leases has occurred and is happening now. Production reports will become a regularly scheduled announcement in the near future.

I fully expect oil prices to maintain these levels for an extended period of time. We have a great story to tell but exposure of the company is still thin. The fundamental organizational and accounting pieces have to be in place for sustained growth. As the steps I’ve outlined above are finalized, I will update accordingly and more often with production and revenue gains. I look forward to that time in the very near future and appreciate your patience through these steps.

I truly appreciate your partnership as a shareholder! Brian Guinn - CEO


https://www.unrgcorp.com/blog/shareholder-update-april-1-2022