United Energy Corp (UNRG)

[Controlledoilandgas]

According the companies growth plan - the following are key areas prior to the foreclosure of the Gateway resources wells:

(1) Determination of how to transfer the deferred tax asset associated with the companies net operating loss as a result of shutting in the weeks during the prior depressed natural gas price environment
(2) closing on first institutional round investment with Paulson Investments to ensure cost coverage needed to unplug wells at $20k per well + lease operating costs (just because wells are shutin doesn’t mean that they sit there for free there are a lot of operating costs associated with such a large well portfolio and acreage) figure $2.0 - $5.0M = 200-500 wells turned back on which should put us close to $800k-$1.0M per month in revenue