InvestorsHub Logo
Followers 179
Posts 5679
Boards Moderated 0
Alias Born 10/18/2008

Re: None

Monday, 06/14/2010 8:26:39 AM

Monday, June 14, 2010 8:26:39 AM

Post# of 81470
United States Oil and Gas Corp (PINKSHEETS: USOG), announced that its operating subsidiary, Turnbull Oil, won a contract to deliver 85,000 gallons of propane to a private highway maintenance firm. The gas will be delivered over the course of about two weeks during the month of June, and will be used as part of a resurfacing project in the State of Kansas.

Chairman and CEO Alex Tawse commented, "Retail sales of propane are typically concentrated during the winter months when the weather is the coldest and the need for propane-fueled heating is the greatest. So, additional contracts such as this one benefit our bottom line and help us expand into other revenue streams. This sale alone almost doubles the volume of propane sold in June 2009."

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.