Replies to post #10101 on OTC Stock News

[$tock_Professor]

watch out for WAMUQ bud, check it:


Washington Mutual To Give Shareholders Control After Bankruptcy Exit -Bloomberg
5:32p ET May 20, 2011 (Dow Jones)
Washington Mutual To Give Shareholders Control After Bankruptcy Exit -Bloomberg

DOW JONES NEWSWIRES

Washington Mutual Inc. (WAMUQ) and its biggest creditors agreed to give shareholders equity in the company when it leaves bankruptcy, Bloomberg News reported Friday, citing two people familiar with the proposal.
The deal includes $25 million for a litigation trust that would bring lawsuits to collect more money for shareholders, who in return will drop allegations that hedge funds who own $2.54 billion of WaMu's debt used confidential information to guide their investments, Bloomberg said.
The value of the reinsurance company that shareholders will receive a stake in depends partly on future tax breaks, so it is "impossible to assess" how much the deal is worth, one of the people told Bloomberg.
Details of the proposed settlement haven't been decided and the deal could still fall through, one of the people said.
The two sides have agreed that the noteholders will provide $100 million in exit financing to the new reorganization plan. The form the financing will take hasn't been worked out, one of the people told Bloomberg.

Full story at http://www.bloomberg.com/news/2011-05-20/wamu-said-to-settle-with-lenders-shareholders-on-post-bankruptcy-control.html

-Dow Jones Newswires; 212-416-2900

(END) Dow Jones Newswires
05-20-11 1732ET
Copyright (c) 2011 Dow Jones & Company, Inc.BT201105200069382011-05-20 21:32:00.0007MIOM4VII0P9EVQ1063FPDR45HDJNF

Previous versions and related news

[$tock_Professor]

USOG radar!!!!

[$tock_Professor]

USOG: In 2010 USOG announced a whopping $24.7 million in Revenue & when you compare that to 2009 year end revenues of $9.4 million, you quickly realize that you are looking at a stock that is demonstrating immense growth.

[Kooka_Duke]

""USOG>>>>>Bigg News Letter Players!........


USOG is an Energy Company focused on providing oil and gas products, services and technology. Through its subsidiaries, they market and distribute refined oil and gas (diesel, gasoline, propane, high octane racing fuels and lubricants) to wholesale and retail customers in the United States.

USOG owns all of the plant storage, transportation and maintenance equipment used at their locations in Plainville, Utica, and Palco,Kansas. They own and operate a gas station and convenience store in Belcourt, North Dakota and hold approximately six acres of develop-able land in Bottineau, North Dakota.

USOG’s business strategy is focused on acquiring domestic mid-size family-run oil and gas businesses with historically profitable results, strong balance sheets, high profit margins, and solid management teams in place.

""In 2010 USOG announced a whopping $24.7 million in Revenue & when you compare that to 2009 year end revenues of $9.4 million, you quickly realize that you are looking at a stock that is demonstrating immense growth""

United States Oil and Gas Corp Reports Financial Results for Quarter......



May 20, 2011 - United States Oil and Gas Corp announced the filing of its Quarterly Report on Form 10-Q and its financial results for the three months ended March 31, 2011. The following are highlights from the report.

The Company reported revenue of $7.1M, a 31% increase compared to $5.4M in restated sales for the first quarter of 2010.


Now let's move on to some aspects of the company's operations:


Acquisitions
Turnbull Oil, Plainville, Kansas - Founded in 1965, Turnbull sells and distributes refined oil and gas products such as diesel, gasoline, propane, and lubricants in the state of Kansas. Its customers include local farmers, businesses and individuals. Turnbull has a bulk storage plant with the capacity to hold approximately 83,000 gallons of refined fuel (various types of diesel and gasoline) as well as 30,000 gallons of propane, a fleet of tankers, as well as office, storage, and maintenance facilities.

The acquisition included Turnbull subsidiary Basinger, Inc. which is located in Utica, Kansas, and has 30,000 gallon storage capacity for propane as well as over 300,000 gallons of storage available in portable tanks ranging in size from 100 gallon to 1,000 gallons.

United Oil and Gas, Bottineau, North Dakota - Founded in 2003, United sells and distributes refined oil and gas products such as diesel, gasoline, propane, and lubricants in the state of North Dakota. United owns a bulk storage plant, a fleet of tanker trucks, a gas station/convenience store that is being renovated, over six acres of develop-able land located in Bottineau, North Dakota, and a gas station/convenience store located on an Indian Reservation in Belcourt, North Dakota.

Intellectual Property
Patent for a simple fiber optic seismometer for rugged environments that may reduce the cost of seismic sensor arrays having the fidelity and reliability necessary for permanent down-hole and seafloor installations. The advancement should make big oil techniques for oilfield production management and exploration available to middle market players.

Multiple Market Opportunities.....


The oil and gas service sector offers several important benefits which we believe is a unique opportunity for growth and success:
Well-established businesses that provide very stable growth and profits
Robust supply of possible target acquisitions in the Midwest region where USOG is focused
Strong, varied network of suppliers providing comparatively low price fuel to a part of the country that shows increased demand for oil and gas products

Strategic Plan.....

United States Oil and Gas Corp's strategy is a solid, highly focused plan that grows through the acquisition of existing businesses with strong revenues and market position and will continue to build on those companies' strengths and makes it possible to meet the needs of shareholders, customers and employees. USOG has a four step approach:
Find and negotiate the acquisition of small to mid-size oil and gas companies that have strong financial track records and experienced management. USOG's method of identifying and securing acquisitions meet the following criteria: Growth history
Profitable Opportunity to increase profits
Strong management team willing to stay on board for minimum of three years
Little or no debt on the books

Develop "green" technologies that will improve efficiency, reduce damage to the environment, and provide positive marketing to the investment community. USOG has a patent that forms the proprietary base for our research and development efforts. We believe that this intellectual property and our technology base provide a competitive advantage and will facilitate the successful development and commercialization of techniques and devices for use in a wide array of alternative green oil and natural gas search, discovery and extraction approaches.
Apply the technology and gain efficiencies from synergies provided by the multiple acquisitions.USOG will improve the operations of the companies acquired and possibly license its technology for increased revenue. USOG will also take advantage of the opportunity to gain efficiencies from the consolidation of its acquisitions. The company managers will have the opportunity to share best practices and work together to gain market share and drive growth to the bottom line.
Continuously work towards increasing market awareness and move the stock to larger public markets. Currently listed in the OTC Market, USOG is working towards moving to more senior exchanges. This should be facilitated by the current acquisitions as well as additional prospects. USOG has experienced personnel to improve market awareness and gradually increase institutional holding of the stock. Value should come from continued growth through acquisition and deployment of developed technologies.

[Kooka_Duke]

$USOG......Volume Is Looking Real Good Early Players!