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Monday, April 30, 2012 12:20:41 PM
$$$~UNGS~$$$ MEGA DD ~Listed for sale for $5M!!!...
actual UNGS operations
$$$~UNGS~$$$ ~P/E Valuation~ Revenue DD...
The companies' revenues are on page "F-4" of the quarterly.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8239606
2010- $201,029 for 9 months
2011- $118,829 for 9 months
This is the key. The reason why the revenues dropped in the year 2011 can be found in the quarterly...
"During the second calendar quarter of 2011, our operations in West Virginia were negatively affected by compressor issues. Prior to the beginning of the quarter, the Company purchased a Knox Western compressor to replace a previously leased compressor. The newly acquired compressor failed to maintain the required pressure for delivery to Columbia Gas Transmission. The Company elected to disconnect this compressor and enter into a new lease agreement for a natural gas powered compressor. The new natural gas powered compressor was installed and started during August with sales resuming simultaneously."
Problem came up which stopped revenue, problem fixed, revenue back online. The good news is that the company was making the 2010 level of revenues with a lower number of wells back then. They could easily have twice the number of wells online now.
The new revenue figures could easily be up to $400,000 per year.
Simple math-
600 million o/s x .0007= $420,000 valuation
[img]The companies' book value AFTER debt is approx. $3,000,000.
Our gross profit per 9 months was $80,000 with less wells online. It could easily be over $120,000 per 9 months now or lets say $150,000 gross profit per year. [/img]
We are not even priced 2 to 1 P/E and we have $3,000,000 in assets as well.
~SEE YOU AT .01~
$UNGS~HUGE FIND: UNGS FOR SALE FOR $15 MILLION
*****Huge Find:
http://www.mergernetwork.com/businesses-sale/business-sale-267904.htm
Business For Sale Listing 267904
Gas and Oil Lease in W. Virginia
Status: Active
Business Summary
122 gas wells and 3 producing oil wells in wayne county. 12000 acres of leasehold mineral rights for a mountain top operation. Drills are from 1800 to 5100 feet in total depth, and show production from both the devonian and marcelllus shale formations.
Current producing high btu content from 65 reworked gas wells. 22 miles of gathering system tapped into the columbia transmission line.
Enormous volume of potentially recoverable gas. Conservertive estimates by e.i.a. to be 55 tcf or 5% of total recoverable resources.
Owner financing available for qualified buyer.
Categories
Industry: Mining Businesses For Sale
Oil & Gas Exploration Companies For Sale
Location: West Virginia Businesses For Sale
Middle Atlantic States Businesses For Sale
United States Businesses For Sale
Other: Very Small Businesses For Sale
Industry
Sector: Mining
Industry: Oil & Gas Extraction
Location
Classification: United States // Middle Atlantic States // West Virginia
Financials
Sales: Not Disclosed
Profits: Not Disclosed
Profit Type: Not Disclosed
Asking Price: Between $15 Million and $20 Million ($5,000,000)
Stock Information
Capital Structure
Symbol- UNGS
SharesOutstanding- 423,216,879
AuthorizedShares- 1,800,000
Warrants- 59,063,415
FiscalYear- December31st
Reporting- Fully
Traded- OTCQB
STATUS: ACTIVE
~see below...
http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=P08000032840&inq_came_from=NAMFWD&cor_web_names_seq_number=0001&names_name_ind=&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=USNATU
$~UNGS~$~OTCQB~425M O/S~New IR~Share buyback~0008~90% off!!!
Website: http://www.usnatgascorp.com/
PHOTO GALLERY OF NATURAL GAS PRODUCING WELLS:
http://www.usnatgascorp.com/natural_gas_gallery.html
PHOTO GALLERY OF CRUDE OIL PRODUCING WELLS:
www.usnatgascorp.com/crude_oil_gallery.html
LIST OF ~UNGS~ OWNED SUBSIDIARIES...
http://www.usnatgascorp.com/subsidiaries.html
US Natural Gas Corp KY ("USNG KY")
USNG KY is a wholly owned subsidiary which is responsible for the day to day operations of the Company's oil producing properties in Kentucky. Presently, USNG KY operates thirty oil wells of which 14 are in production in southern central Kentucky, and maintains a leasehold base of approximately 5700 acres. USNG KY will continue to rework and place acquired wells into production while growing the leasehold base. USNG KY recently launched a new drilling program targeting the Knox formation on the Turner leasehold in Green County, Kentucky with a goal of drilling three to four wells prior to year's end.
US Natural Gas Corp WV ("USNG WV")
Formerly Wilon Resources, Inc., USNG WV is a wholly owned subsidiary which is responsible for the day to day operations of the Company's natural gas development project in Wayne County, West Virginia. USNG WV operates 115 natural gas wells, 3 oil wells, and maintains a leasehold base of approximately 12,000 acres. The Company is placing the wells back into production on an individual basis after a series of tests and installation of completion components. At present, the Company has 30 wells in production and anticipates this number to increase to 60-65 by the end of August. The Company has entered into a purchase agreement allowing for firm capacity delivery of production, alleviating any reoccurring concerns of indefinite shut-in periods.
E 3 Petroleum Corp ("E 3")
E 3 is a wholly owned subsidiary which is the sole operating and bonding entity for the Company's wells in the states of West Virginia and Kentucky.
E 2 Investments, LLC ("E 2")
E 2 is a wholly owned subsidiary which focuses on acquiring assets valued or equities trading at inherently depressed levels. At present, E 2 owns the mineral rights on 180 acres of land in Wayne County, West Virginia, and a minority stake in a publicly traded specialty retailer catering to the hunting industry.
SLMI Options, LLC ("SLMI")
SLMI is a wholly owned subsidiary which focuses on the acquisition of corporate debt. SLMI was acquired by the Company in 2009 and currently holds in excess of $1.0 million in third party corporate debt.
THE MOST IMPORTANT DD IN THE POST… "E 3"
“E 3 is a wholly owned subsidiary which is the sole operating and bonding entity for the Company's wells in the states of West Virginia and Kentucky.”
8 NEW WELLS HAVE COME ONLINE SINCE THE LAST PR AND THE ENTIRE LIST OF WELLS OWNED BY “E 3”, THE SUBSIDIARY OF US NATURAL GAS CORP, IS ON THE WEBSITE BELOW. FOLLOW THE INSTRUCTIONS OT SEE FOR YOURSELF…
https://apps.dep.wv.gov/oog/wellsearch_new.cfm
1) Uncheck every box on the center/right side of the search menu except “Use operator name in search”
2) In box for “Operator Name”, type in “e 3 petroleum” and then hit search.
3) Hit continue on the next page. After that the next screen that comes up has the UNGS well list.
This is another crucial piece of PPS soaring evidence…
Per company website:
“At present, the Company has 30 wells in production and anticipates this number to increase to 60 by the end of August.”
Although they had 30 wells in production then, if you count the number on the list, it is over 57 wells that are in active production now, and this is ONLY West Virginia.
The company is making good on it’s word and there is 50% increase in the number of wells in a few short months.
Proof of operation in Kentucky:
http://kgs.uky.edu/kgsweb/DataSearching/OILGAS/ElogDownload.asp?recno=139426
-Click on the “black and white image” that is .53mb. Once downloaded you can zoom in on it very well and see the approval by the KY dept. and the operator name “E 3 Petroleum Corp” on the top of it.
IMPORTANT RECENT PPS BOOSTING NEWS:
NEWS~US Natural Gas Corp Updates Shareholders on Production Activity and Addresses Valuation:
"Market Capitalization at a 90% Discount to Book Value"
http://www.otcmarkets.com/stock/UNGS/news
NEWS~US Natural Gas Corp Board Approves Extension to Announced Share Repurchase Plan and Approves New Repurchase Plan :
“Board Approves New Two Year $400,000 Share Repurchase Plan”
http://www.otcmarkets.com/stock/UNGS/news
Usnatgascorp.com is 7# in goggle search rankings for the search term “US natural gas”
I know this sounds funny considering the company name but the term “US/ U.S natural gas” is a highly searched term and that will no doubt help our PPS’ cause.
http://www.google.com/trends/?q=us+natural+gas
The symbol “ungs” has also received increased search activity:
http://www.google.com/insights/search/#q=us%20natural%20gas%2Cu.s.%20natural%20gas%2Cungs%2Cstock%20ungs&cmpt=q
~TERRIFIC DD AND PRIMER FOR *UNGS* BY PhisHD~
"""""""
Some DD From the 10Q rec. on Nov. 14th:
Total Liabilities: $2,196,722
Total Assets: $5,913,178
Stockholders equity: $3,166,456
Page F-3
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8239606
Quote:
________________________________________
In light of this disclaimer, management can underscore that with a market capitalization of approximately $250,000, the Company's current valuation is an approximately 90% discount to its book value of $3,166,456.
________________________________________
http://ih.advfn.com/p.php?pid=nmona&article=50867894
http://www.otcmarkets.com/stock/UNGS/company-info
-Now on page F-8 of the 10Q it states how many shares can enter the market at certain prices...
-For example it states 210,687,322 were issued for debt reduction and can be sold between .001 and .01(the largest grouping)
-And 30,371,788 were issued for consulting services and other services between .002 and .012
-And 3,631,313 were issued for cash and can be sold between .008 and .015
-From the trading and the volume on the chart, most, if not all, of the largest group were already sold and I think some if not most of the 30 million + holding were sold by the trading and volume the recent month...This is my opinion of course!
-If this is true this could leave a clean shot to .01 without disturbance minus retail selling...
-Back to book value...Now if the company has $3,166,456 positive book value, we divide that by the 365,633,608 OS and PPS should be at .0086 given the book value from their 10Q!!!
-Now if the 2 largest groups of shares have already hit the OS then add 365,633,608 + 210,687,322 + 30,371,788 = 606,692,718 total OS!!
-And divide the book value of $3,166,456 by the possible OS of 606,692,718 and PPS should be at .0052!!!
-And let's not forget the company has the ability to buy back $400,000 worth of shares on the open market for the next 2 years as funds become available to allocate towards the repurchase!!
Quote:
________________________________________
Under terms of the new plan, the Company is authorized to repurchase up to $400,000 of its common stock over the next 24 months.
________________________________________
http://ih.advfn.com/p.php?pid=nmona&article=50885365
The companies PPS should be between .0052-.0086!!!
~REMEMBER THE NEW WELLS ONLINE COULD BOOST BOOK VALUE BY 50% AS WELL. .016 could be the new target!!!
DD FROM MMSTOCKPLAY ON ~UNGS~:
~MMSTOCKPAY RECENTLY ALERTED AAPT FOR AN AMAZING 10X~
http://www.mmstockplay.com/
US Natural Gas Corp – UNGS
DATE SHARES PRICE
03/14/2012 1,750,000 $0.0009
I LOVE THIS PLAY!!!
3/16/2012 - UNGS looks to be a very solid play. I'm very confident in the base here. There seems to be huge support in the .0007 range, making it nearly impossible to get any shares at that price. I noticed on Twitter that UNGS is starting to be called as a Top Watch play by many people this coming week. It could very easily reach .003 once the selling stops, and some believe it should be valued above a penny. From what I have read, the whole reason the stock recently dropped was because the company had some delays in acquiring some new oil wells. However, UNGS has been increasing their Active wells significantly, which should increase revenues. For a real company, with actual profits, UNGS is way undervalued here. I will accumulate more on Monday if given the opportunity. If your looking to do further research, check out the stickies on the IHUB board.
3/15/2012 - The base was stronger than ever today on UNGS as it refuses to drop below .0008. Look for sells at .0008 to turn into ASK slaps at .0009 soon. There were close to 20million sitting on the Bid at .0007 today. If the ask slaps start on .0009, these people will be chasing! UNGS looks to be turning upwards very soon. I'm glad I'm not on the sidelines watching.
3/14/2012 - I bought a starter position in UNGS based off of a few things today. The biggest factor has been the support I have seen around the 50 day MA over the past several trading days. At one point today, there was 18 million shares on the Bid at .0008. UNGS has a relatively low RSI at 47.41, and an even lower one when you look at the weekly chart below. The chart also appears to show that the accumulation/distribution line may cross into a Bullish pattern in the next day or so, if the trends stay the same. I look to see this trading around .002 in the near future. As an actual company, with actual earnings, and with an OS of under 400,000,000, look for UNGS to go up from these levels.
UNGS has a lot of stuff going on right now, which is why it will have it's large gaining days soon enough. They have been acquiring oil wells throughout 2012 and have been putting them into production. The UNGS board Approved a $400,000 SHARE REPURCHASE PROGRAM. That is $400,000 that will be coming into the market and swallowing up shares, in addition to all Retail. However, the biggest thing to me is the fact that they own a bunch of land with a heavy surpluss of Natural Gas. HAVE ANY OF YOU SEEN HOW MUCH FRACKING stocks have taken off!? Just google fracking stocks and you will see. UNGS is way undervalued at these levels. Use the links below to do your own DD!
$$$ ADD UNGS TO “MY STOCKS”:
http://investorshub.advfn.com/boards/profiles.aspx?mode=search&string=UNGS
PennyStockTweets ~ http://www.pennystocktweets.com/stocks/profile/UNGS
OTC Markets Company Info ~ http://www.otcmarkets.com/stock/UNGS/company-info
OTC Markets Charts ~ http://www.otcmarkets.com/stock/UNGS/chart
OTC Markets Quote ~ http://www.otcmarkets.com/stock/UNGS/quote
OTC Markets News ~ http://www.otcmarkets.com/stock/UNGS/news
OTC Markets Financials ~ http://www.otcmarkets.com/stock/UNGS/financials
OTC Markets Short Sales ~ http://www.otcmarkets.com/stock/UNGS/short-sales
OTC Markets Insider Disclosure ~ http://www.otcmarkets.com/stock/UNGS/insider-transactions
OTC Markets Research Reports ~ http://www.otcmarkets.com/stock/UNGS/research
Y! < Company >
Y! Profile ~ http://finance.yahoo.com/q/pr?s=UNGS+Profile
Y! Key Stat's ~ http://finance.yahoo.com/q/ks?s=UNGS+Key+Statistics
Y! Headlines ~ http://finance.yahoo.com/q/h?s=UNGS+Headlines
Y! Summary ~ http://finance.yahoo.com/q?s=UNGS
Y! Historical Prices ~ http://finance.yahoo.com/q/hp?s=UNGS+Historical+Prices
Y! Order Book ~ http://finance.yahoo.com/q/ecn?s=UNGS+Order+Book
Y! Message Boards ~ http://messages.finance.yahoo.com/mb/UNGS
Y! Market Pulse ~ http://finance.yahoo.com/marketpulse/UNGS
Y! Technical Analysis ~ http://finance.yahoo.com/q/ta?s=UNGS+Basic+Tech.+Analysis
Y! < Analyst Coverage >
Y! Analyst Opinion ~ http://finance.yahoo.com/q/ao?s=UNGS+Analyst+Opinion
Y! Analyst Estimates ~ http://finance.yahoo.com/q/ae?s=UNGS+Analyst+Estimates
Y! Research Reports ~ http://finance.yahoo.com/q/rr?s=UNGS+Research+Reports
Y! Star Analysts ~ http://finance.yahoo.com/q/sa?s=UNGS+Star+Analysts
Y! < Ownership >
Y! Major Holders ~ http://finance.yahoo.com/q/mh?s=UNGS+Major+Holders
Y! Insider Transactions ~ http://finance.yahoo.com/q/it?s=UNGS+Insider+Transactions
Y! Insider Roster ~ http://finance.yahoo.com/q/ir?s=UNGS+Insider+Roster
Y! < Financials >
Y! Income Statement ~ http://finance.yahoo.com/q/is?s=UNGS+Income+Statement&annual
Y! Balance Sheet ~ http://finance.yahoo.com/q/bs?s=UNGS+Balance+Sheet&annual
Y! Cash Flow ~ http://finance.yahoo.com/q/cf?s=UNGS+Cash+Flow&annual
Investorshub Trades ~ http://ih.advfn.com/p.php?pid=trades&symbol=UNGS
Investorshub Board Search ~ http://investorshub.advfn.com/boards/getboards.aspx?searchstr=UNGS
Investorshub PostStream ~ http://investorshub.advfn.com/boards/poststream.aspx?ticker=UNGS
Investorshub Messages ~ http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=UNGS
Investorshub Videos ~ http://ih.advfn.com/p.php?pid=ihvse&ihvqu=UNGS
http://investorshub.advfn.com/uimage/uploads/2012/3/15/glnmaBarchartSM.gif
Barchart Quote ~ http://barchart.com/quotes/stocks/UNGS?
Barchart Detailed Quote ~ http://barchart.com/detailedquote/stocks/UNGS
Barchart Options Quotes ~ http://barchart.com/options/stocks/UNGS
Barchart Technical Chart ~ http://barchart.com/charts/stocks/UNGS&style=technical
Barchart Interactive Chart ~ http://barchart.com/charts/stocks/UNGS&style=interactive
Barchart Technical Analysis ~ http://barchart.com/technicals/stocks/UNGS
Barchart Trader's Cheat Sheet ~ http://barchart.com/cheatsheet.php?sym=UNGS
Barchart Barchart Opinion ~ http://barchart.com/opinions/stocks/UNGS
Barchart Snapshot Opinion ~ http://barchart.com/snapopinion/stocks/UNGS
Barchart News Headlines ~ http://barchart.com/news/stocks/UNGS
Barchart Profile ~ http://barchart.com/profile//UNGS
Barchart Key Statistics ~ http://barchart.com/profile.php?sym=UNGS&view=key_statistics
OTC: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=UNGS&MarketTicker=OTC&TYP=S
NASDAQ: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=UNGS&MarketTicker=NASD&TYP=S
NYSE: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=UNGS&MarketTicker=NYSE&Typ=S
Marketwatch Profile ~ http://www.marketwatch.com/investing/stock/UNGS/profile
Marketwatch Analyst Estimates ~ http://www.marketwatch.com/investing/stock/UNGS/analystestimates
Marketwatch Historical Quotes ~ http://www.marketwatch.com/investing/stock/UNGS/historical
Marketwatch Financials ~ http://www.marketwatch.com/investing/stock/UNGS/financials
Marketwatch Overview ~ http://www.marketwatch.com/investing/stock/UNGS
Marketwatch SEC Filings ~ http://www.marketwatch.com/investing/stock/UNGS/secfilings
Marketwatch Picks ~ http://www.marketwatch.com/investing/stock/UNGS/picks
Marketwatch Hulbert ~ http://www.marketwatch.com/investing/stock/UNGS/hulbert
Marketwatch Insider Actions ~ http://www.marketwatch.com/investing/stock/UNGS/insideractions
Marketwatch Options ~ http://www.marketwatch.com/investing/stock/UNGS/options
Marketwatch Charts ~ http://www.marketwatch.com/investing/stock/UNGS/charts
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
OTCBB ~ http://www.otcbb.com/asp/SiteSearch.asp?Criteria=UNGS&searcharea=e&image1.x=0&image1.y=0
Insidercow ~ http://www.insidercow.com/history/company.jsp?company=UNGS&B1=Search%21
Forbes ~ http://search.forbes.com/search/find?tab=searchtabgeneraldark&MT=UNGS
Buy-Ins ~ http://www.buyins.net/tools/symbol_stats.php?sym=UNGS
Quotemedia ~ http://www.quotemedia.com/results.php?qm_page=47556&qm_symbol=UNGS
Earnings Whispers ~ http://www.earningswhispers.com/stocks.asp?symbol=UNGS
FOLLOW SILVERISTHENEWGOLD:
http://investorshub.advfn.com/boards/profilea.aspx?user=226024
http://investorshub.advfn.com/boards/board.aspx?board_id=22271
actual UNGS operations
$$$~UNGS~$$$ ~P/E Valuation~ Revenue DD...
The companies' revenues are on page "F-4" of the quarterly.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8239606
2010- $201,029 for 9 months
2011- $118,829 for 9 months
This is the key. The reason why the revenues dropped in the year 2011 can be found in the quarterly...
"During the second calendar quarter of 2011, our operations in West Virginia were negatively affected by compressor issues. Prior to the beginning of the quarter, the Company purchased a Knox Western compressor to replace a previously leased compressor. The newly acquired compressor failed to maintain the required pressure for delivery to Columbia Gas Transmission. The Company elected to disconnect this compressor and enter into a new lease agreement for a natural gas powered compressor. The new natural gas powered compressor was installed and started during August with sales resuming simultaneously."
Problem came up which stopped revenue, problem fixed, revenue back online. The good news is that the company was making the 2010 level of revenues with a lower number of wells back then. They could easily have twice the number of wells online now.
The new revenue figures could easily be up to $400,000 per year.
Simple math-
600 million o/s x .0007= $420,000 valuation
[img]The companies' book value AFTER debt is approx. $3,000,000.
Our gross profit per 9 months was $80,000 with less wells online. It could easily be over $120,000 per 9 months now or lets say $150,000 gross profit per year. [/img]
We are not even priced 2 to 1 P/E and we have $3,000,000 in assets as well.
~SEE YOU AT .01~
$UNGS~HUGE FIND: UNGS FOR SALE FOR $15 MILLION
*****Huge Find:
http://www.mergernetwork.com/businesses-sale/business-sale-267904.htm
Business For Sale Listing 267904
Gas and Oil Lease in W. Virginia
Status: Active
Business Summary
122 gas wells and 3 producing oil wells in wayne county. 12000 acres of leasehold mineral rights for a mountain top operation. Drills are from 1800 to 5100 feet in total depth, and show production from both the devonian and marcelllus shale formations.
Current producing high btu content from 65 reworked gas wells. 22 miles of gathering system tapped into the columbia transmission line.
Enormous volume of potentially recoverable gas. Conservertive estimates by e.i.a. to be 55 tcf or 5% of total recoverable resources.
Owner financing available for qualified buyer.
Categories
Industry: Mining Businesses For Sale
Oil & Gas Exploration Companies For Sale
Location: West Virginia Businesses For Sale
Middle Atlantic States Businesses For Sale
United States Businesses For Sale
Other: Very Small Businesses For Sale
Industry
Sector: Mining
Industry: Oil & Gas Extraction
Location
Classification: United States // Middle Atlantic States // West Virginia
Financials
Sales: Not Disclosed
Profits: Not Disclosed
Profit Type: Not Disclosed
Asking Price: Between $15 Million and $20 Million ($5,000,000)
Stock Information
Capital Structure
Symbol- UNGS
SharesOutstanding- 423,216,879
AuthorizedShares- 1,800,000
Warrants- 59,063,415
FiscalYear- December31st
Reporting- Fully
Traded- OTCQB
STATUS: ACTIVE
~see below...
http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=P08000032840&inq_came_from=NAMFWD&cor_web_names_seq_number=0001&names_name_ind=&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=USNATU
$~UNGS~$~OTCQB~425M O/S~New IR~Share buyback~0008~90% off!!!
Website: http://www.usnatgascorp.com/
PHOTO GALLERY OF NATURAL GAS PRODUCING WELLS:
http://www.usnatgascorp.com/natural_gas_gallery.html
PHOTO GALLERY OF CRUDE OIL PRODUCING WELLS:
www.usnatgascorp.com/crude_oil_gallery.html
LIST OF ~UNGS~ OWNED SUBSIDIARIES...
http://www.usnatgascorp.com/subsidiaries.html
US Natural Gas Corp KY ("USNG KY")
USNG KY is a wholly owned subsidiary which is responsible for the day to day operations of the Company's oil producing properties in Kentucky. Presently, USNG KY operates thirty oil wells of which 14 are in production in southern central Kentucky, and maintains a leasehold base of approximately 5700 acres. USNG KY will continue to rework and place acquired wells into production while growing the leasehold base. USNG KY recently launched a new drilling program targeting the Knox formation on the Turner leasehold in Green County, Kentucky with a goal of drilling three to four wells prior to year's end.
US Natural Gas Corp WV ("USNG WV")
Formerly Wilon Resources, Inc., USNG WV is a wholly owned subsidiary which is responsible for the day to day operations of the Company's natural gas development project in Wayne County, West Virginia. USNG WV operates 115 natural gas wells, 3 oil wells, and maintains a leasehold base of approximately 12,000 acres. The Company is placing the wells back into production on an individual basis after a series of tests and installation of completion components. At present, the Company has 30 wells in production and anticipates this number to increase to 60-65 by the end of August. The Company has entered into a purchase agreement allowing for firm capacity delivery of production, alleviating any reoccurring concerns of indefinite shut-in periods.
E 3 Petroleum Corp ("E 3")
E 3 is a wholly owned subsidiary which is the sole operating and bonding entity for the Company's wells in the states of West Virginia and Kentucky.
E 2 Investments, LLC ("E 2")
E 2 is a wholly owned subsidiary which focuses on acquiring assets valued or equities trading at inherently depressed levels. At present, E 2 owns the mineral rights on 180 acres of land in Wayne County, West Virginia, and a minority stake in a publicly traded specialty retailer catering to the hunting industry.
SLMI Options, LLC ("SLMI")
SLMI is a wholly owned subsidiary which focuses on the acquisition of corporate debt. SLMI was acquired by the Company in 2009 and currently holds in excess of $1.0 million in third party corporate debt.
THE MOST IMPORTANT DD IN THE POST… "E 3"
“E 3 is a wholly owned subsidiary which is the sole operating and bonding entity for the Company's wells in the states of West Virginia and Kentucky.”
8 NEW WELLS HAVE COME ONLINE SINCE THE LAST PR AND THE ENTIRE LIST OF WELLS OWNED BY “E 3”, THE SUBSIDIARY OF US NATURAL GAS CORP, IS ON THE WEBSITE BELOW. FOLLOW THE INSTRUCTIONS OT SEE FOR YOURSELF…
https://apps.dep.wv.gov/oog/wellsearch_new.cfm
1) Uncheck every box on the center/right side of the search menu except “Use operator name in search”
2) In box for “Operator Name”, type in “e 3 petroleum” and then hit search.
3) Hit continue on the next page. After that the next screen that comes up has the UNGS well list.
This is another crucial piece of PPS soaring evidence…
Per company website:
“At present, the Company has 30 wells in production and anticipates this number to increase to 60 by the end of August.”
Although they had 30 wells in production then, if you count the number on the list, it is over 57 wells that are in active production now, and this is ONLY West Virginia.
The company is making good on it’s word and there is 50% increase in the number of wells in a few short months.
Proof of operation in Kentucky:
http://kgs.uky.edu/kgsweb/DataSearching/OILGAS/ElogDownload.asp?recno=139426
-Click on the “black and white image” that is .53mb. Once downloaded you can zoom in on it very well and see the approval by the KY dept. and the operator name “E 3 Petroleum Corp” on the top of it.
IMPORTANT RECENT PPS BOOSTING NEWS:
NEWS~US Natural Gas Corp Updates Shareholders on Production Activity and Addresses Valuation:
"Market Capitalization at a 90% Discount to Book Value"
http://www.otcmarkets.com/stock/UNGS/news
NEWS~US Natural Gas Corp Board Approves Extension to Announced Share Repurchase Plan and Approves New Repurchase Plan :
“Board Approves New Two Year $400,000 Share Repurchase Plan”
http://www.otcmarkets.com/stock/UNGS/news
Usnatgascorp.com is 7# in goggle search rankings for the search term “US natural gas”
I know this sounds funny considering the company name but the term “US/ U.S natural gas” is a highly searched term and that will no doubt help our PPS’ cause.
http://www.google.com/trends/?q=us+natural+gas
The symbol “ungs” has also received increased search activity:
http://www.google.com/insights/search/#q=us%20natural%20gas%2Cu.s.%20natural%20gas%2Cungs%2Cstock%20ungs&cmpt=q
~TERRIFIC DD AND PRIMER FOR *UNGS* BY PhisHD~
"""""""
Some DD From the 10Q rec. on Nov. 14th:
Total Liabilities: $2,196,722
Total Assets: $5,913,178
Stockholders equity: $3,166,456
Page F-3
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8239606
Quote:
________________________________________
In light of this disclaimer, management can underscore that with a market capitalization of approximately $250,000, the Company's current valuation is an approximately 90% discount to its book value of $3,166,456.
________________________________________
http://ih.advfn.com/p.php?pid=nmona&article=50867894
http://www.otcmarkets.com/stock/UNGS/company-info
-Now on page F-8 of the 10Q it states how many shares can enter the market at certain prices...
-For example it states 210,687,322 were issued for debt reduction and can be sold between .001 and .01(the largest grouping)
-And 30,371,788 were issued for consulting services and other services between .002 and .012
-And 3,631,313 were issued for cash and can be sold between .008 and .015
-From the trading and the volume on the chart, most, if not all, of the largest group were already sold and I think some if not most of the 30 million + holding were sold by the trading and volume the recent month...This is my opinion of course!
-If this is true this could leave a clean shot to .01 without disturbance minus retail selling...
-Back to book value...Now if the company has $3,166,456 positive book value, we divide that by the 365,633,608 OS and PPS should be at .0086 given the book value from their 10Q!!!
-Now if the 2 largest groups of shares have already hit the OS then add 365,633,608 + 210,687,322 + 30,371,788 = 606,692,718 total OS!!
-And divide the book value of $3,166,456 by the possible OS of 606,692,718 and PPS should be at .0052!!!
-And let's not forget the company has the ability to buy back $400,000 worth of shares on the open market for the next 2 years as funds become available to allocate towards the repurchase!!
Quote:
________________________________________
Under terms of the new plan, the Company is authorized to repurchase up to $400,000 of its common stock over the next 24 months.
________________________________________
http://ih.advfn.com/p.php?pid=nmona&article=50885365
The companies PPS should be between .0052-.0086!!!
~REMEMBER THE NEW WELLS ONLINE COULD BOOST BOOK VALUE BY 50% AS WELL. .016 could be the new target!!!
DD FROM MMSTOCKPLAY ON ~UNGS~:
~MMSTOCKPAY RECENTLY ALERTED AAPT FOR AN AMAZING 10X~
http://www.mmstockplay.com/
US Natural Gas Corp – UNGS
DATE SHARES PRICE
03/14/2012 1,750,000 $0.0009
I LOVE THIS PLAY!!!
3/16/2012 - UNGS looks to be a very solid play. I'm very confident in the base here. There seems to be huge support in the .0007 range, making it nearly impossible to get any shares at that price. I noticed on Twitter that UNGS is starting to be called as a Top Watch play by many people this coming week. It could very easily reach .003 once the selling stops, and some believe it should be valued above a penny. From what I have read, the whole reason the stock recently dropped was because the company had some delays in acquiring some new oil wells. However, UNGS has been increasing their Active wells significantly, which should increase revenues. For a real company, with actual profits, UNGS is way undervalued here. I will accumulate more on Monday if given the opportunity. If your looking to do further research, check out the stickies on the IHUB board.
3/15/2012 - The base was stronger than ever today on UNGS as it refuses to drop below .0008. Look for sells at .0008 to turn into ASK slaps at .0009 soon. There were close to 20million sitting on the Bid at .0007 today. If the ask slaps start on .0009, these people will be chasing! UNGS looks to be turning upwards very soon. I'm glad I'm not on the sidelines watching.
3/14/2012 - I bought a starter position in UNGS based off of a few things today. The biggest factor has been the support I have seen around the 50 day MA over the past several trading days. At one point today, there was 18 million shares on the Bid at .0008. UNGS has a relatively low RSI at 47.41, and an even lower one when you look at the weekly chart below. The chart also appears to show that the accumulation/distribution line may cross into a Bullish pattern in the next day or so, if the trends stay the same. I look to see this trading around .002 in the near future. As an actual company, with actual earnings, and with an OS of under 400,000,000, look for UNGS to go up from these levels.
UNGS has a lot of stuff going on right now, which is why it will have it's large gaining days soon enough. They have been acquiring oil wells throughout 2012 and have been putting them into production. The UNGS board Approved a $400,000 SHARE REPURCHASE PROGRAM. That is $400,000 that will be coming into the market and swallowing up shares, in addition to all Retail. However, the biggest thing to me is the fact that they own a bunch of land with a heavy surpluss of Natural Gas. HAVE ANY OF YOU SEEN HOW MUCH FRACKING stocks have taken off!? Just google fracking stocks and you will see. UNGS is way undervalued at these levels. Use the links below to do your own DD!
$$$ ADD UNGS TO “MY STOCKS”:
http://investorshub.advfn.com/boards/profiles.aspx?mode=search&string=UNGS
PennyStockTweets ~ http://www.pennystocktweets.com/stocks/profile/UNGS
OTC Markets Company Info ~ http://www.otcmarkets.com/stock/UNGS/company-info
OTC Markets Charts ~ http://www.otcmarkets.com/stock/UNGS/chart
OTC Markets Quote ~ http://www.otcmarkets.com/stock/UNGS/quote
OTC Markets News ~ http://www.otcmarkets.com/stock/UNGS/news
OTC Markets Financials ~ http://www.otcmarkets.com/stock/UNGS/financials
OTC Markets Short Sales ~ http://www.otcmarkets.com/stock/UNGS/short-sales
OTC Markets Insider Disclosure ~ http://www.otcmarkets.com/stock/UNGS/insider-transactions
OTC Markets Research Reports ~ http://www.otcmarkets.com/stock/UNGS/research
Y! < Company >
Y! Profile ~ http://finance.yahoo.com/q/pr?s=UNGS+Profile
Y! Key Stat's ~ http://finance.yahoo.com/q/ks?s=UNGS+Key+Statistics
Y! Headlines ~ http://finance.yahoo.com/q/h?s=UNGS+Headlines
Y! Summary ~ http://finance.yahoo.com/q?s=UNGS
Y! Historical Prices ~ http://finance.yahoo.com/q/hp?s=UNGS+Historical+Prices
Y! Order Book ~ http://finance.yahoo.com/q/ecn?s=UNGS+Order+Book
Y! Message Boards ~ http://messages.finance.yahoo.com/mb/UNGS
Y! Market Pulse ~ http://finance.yahoo.com/marketpulse/UNGS
Y! Technical Analysis ~ http://finance.yahoo.com/q/ta?s=UNGS+Basic+Tech.+Analysis
Y! < Analyst Coverage >
Y! Analyst Opinion ~ http://finance.yahoo.com/q/ao?s=UNGS+Analyst+Opinion
Y! Analyst Estimates ~ http://finance.yahoo.com/q/ae?s=UNGS+Analyst+Estimates
Y! Research Reports ~ http://finance.yahoo.com/q/rr?s=UNGS+Research+Reports
Y! Star Analysts ~ http://finance.yahoo.com/q/sa?s=UNGS+Star+Analysts
Y! < Ownership >
Y! Major Holders ~ http://finance.yahoo.com/q/mh?s=UNGS+Major+Holders
Y! Insider Transactions ~ http://finance.yahoo.com/q/it?s=UNGS+Insider+Transactions
Y! Insider Roster ~ http://finance.yahoo.com/q/ir?s=UNGS+Insider+Roster
Y! < Financials >
Y! Income Statement ~ http://finance.yahoo.com/q/is?s=UNGS+Income+Statement&annual
Y! Balance Sheet ~ http://finance.yahoo.com/q/bs?s=UNGS+Balance+Sheet&annual
Y! Cash Flow ~ http://finance.yahoo.com/q/cf?s=UNGS+Cash+Flow&annual
Investorshub Trades ~ http://ih.advfn.com/p.php?pid=trades&symbol=UNGS
Investorshub Board Search ~ http://investorshub.advfn.com/boards/getboards.aspx?searchstr=UNGS
Investorshub PostStream ~ http://investorshub.advfn.com/boards/poststream.aspx?ticker=UNGS
Investorshub Messages ~ http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=UNGS
Investorshub Videos ~ http://ih.advfn.com/p.php?pid=ihvse&ihvqu=UNGS
http://investorshub.advfn.com/uimage/uploads/2012/3/15/glnmaBarchartSM.gif
Barchart Quote ~ http://barchart.com/quotes/stocks/UNGS?
Barchart Detailed Quote ~ http://barchart.com/detailedquote/stocks/UNGS
Barchart Options Quotes ~ http://barchart.com/options/stocks/UNGS
Barchart Technical Chart ~ http://barchart.com/charts/stocks/UNGS&style=technical
Barchart Interactive Chart ~ http://barchart.com/charts/stocks/UNGS&style=interactive
Barchart Technical Analysis ~ http://barchart.com/technicals/stocks/UNGS
Barchart Trader's Cheat Sheet ~ http://barchart.com/cheatsheet.php?sym=UNGS
Barchart Barchart Opinion ~ http://barchart.com/opinions/stocks/UNGS
Barchart Snapshot Opinion ~ http://barchart.com/snapopinion/stocks/UNGS
Barchart News Headlines ~ http://barchart.com/news/stocks/UNGS
Barchart Profile ~ http://barchart.com/profile//UNGS
Barchart Key Statistics ~ http://barchart.com/profile.php?sym=UNGS&view=key_statistics
OTC: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=UNGS&MarketTicker=OTC&TYP=S
NASDAQ: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=UNGS&MarketTicker=NASD&TYP=S
NYSE: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=UNGS&MarketTicker=NYSE&Typ=S
Marketwatch Profile ~ http://www.marketwatch.com/investing/stock/UNGS/profile
Marketwatch Analyst Estimates ~ http://www.marketwatch.com/investing/stock/UNGS/analystestimates
Marketwatch Historical Quotes ~ http://www.marketwatch.com/investing/stock/UNGS/historical
Marketwatch Financials ~ http://www.marketwatch.com/investing/stock/UNGS/financials
Marketwatch Overview ~ http://www.marketwatch.com/investing/stock/UNGS
Marketwatch SEC Filings ~ http://www.marketwatch.com/investing/stock/UNGS/secfilings
Marketwatch Picks ~ http://www.marketwatch.com/investing/stock/UNGS/picks
Marketwatch Hulbert ~ http://www.marketwatch.com/investing/stock/UNGS/hulbert
Marketwatch Insider Actions ~ http://www.marketwatch.com/investing/stock/UNGS/insideractions
Marketwatch Options ~ http://www.marketwatch.com/investing/stock/UNGS/options
Marketwatch Charts ~ http://www.marketwatch.com/investing/stock/UNGS/charts
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
OTCBB ~ http://www.otcbb.com/asp/SiteSearch.asp?Criteria=UNGS&searcharea=e&image1.x=0&image1.y=0
Insidercow ~ http://www.insidercow.com/history/company.jsp?company=UNGS&B1=Search%21
Forbes ~ http://search.forbes.com/search/find?tab=searchtabgeneraldark&MT=UNGS
Buy-Ins ~ http://www.buyins.net/tools/symbol_stats.php?sym=UNGS
Quotemedia ~ http://www.quotemedia.com/results.php?qm_page=47556&qm_symbol=UNGS
Earnings Whispers ~ http://www.earningswhispers.com/stocks.asp?symbol=UNGS
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