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Proper Power & Energy Announces Meeting of Potential Utah Joint Venture Candidate
Proper Power & Energ (USOTC:PPWE)
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Today : Wednesday 26 January 2011
Proper Power & Energy Announces Meeting of Potential Utah Joint Venture Candidate
PR Newswire
TAMPA, Fla., Jan. 26, 2011
TAMPA, Fla., Jan. 26, 2011 /PRNewswire/ -- Proper Power & Energy, Inc. (OTC BB: PPWE) a Tampa-based independent oil and gas exploration and production company, has announced the next stage of its Western U.S. operations. The Company met with the executives of Thrust Resources Inc. and EQ Resources Inc. in Dallas, Texas on January 20, 2011. The meeting focused on a joint venture for the Central Utah Prospect between the Companies. This was the initial meeting between Clint Brower, CEO and Chairman of EQ Resources, and Andrew Kacic, the newly named President of Proper Power & Energy Inc.
The next steps will be circulating a memorandum of understanding followed upon definitive agreements. "We look forward to expedite future discussions of both Companies working together to mutually reach our Utah objectives," stated Andrew Kacic.
About Proper Power & Energy:
Proper Power & Energy is an independent exploration and production company. The Company's operations are in Kentucky, which provides for low risk developmental drilling and production, and Utah, which the Company controls over 11,000 acres for its exploratory prospect. Renowned geophysicist and consultant to Proper Power, Robert Dunbar, believes the Utah prospect could hold up to one billion barrels of recoverable oil. Please visit our website www.properpower.com
