Proper Power & Energy, Inc. (OTC:PPWE)
Proper Power & Energy, Inc. announced this week that its wholly owned subsidiary, American Resources, Inc. (NYSE:ARI), has begun production on its 87.5 acres in Western Kentucky.
ARI has completed the re-work on all 4 wells, with those wells online and pumping. "This is an exciting day for us," stated Proper Power President, Andrew Kacic. "This is the beginning of production for Proper Power in Kentucky, and we look forward to increasing our presence."
PPWE has begun production on its Kentucky oil asset, in addition to the 11,000 acres leased for its exploratory prospect in Utah. The Utah prospect has the potential for over 75 wells. PPWE believes the Utah property holds very substantial recoverable reserves, indicated through seismic and radiometric analysis.
Over the previous five years, earnings for the oil and natural gas industry have been aligned with U.S. manufacturing – averaging just 7 cents for every dollar of sales. Contrary to popular opinion and what some critics have said, America’s oil companies are not owned by a small group of wealthy investors.
• Only 1.5 percent of industry shares are owned by management of corporations. The remaining amount is owned by millions of Americans.
• Since 2000, the oil and natural gas industry has put around $1.7 trillion in U.S. capital projects to help all forms of energy move forward, including alternatives, while minimizing the industry’s environmental footprint.
• Between 2000 and 2008, the industry put in more than $58 billion.
Proper Power & Energy, Inc. maintains 10,000 plus acres of leased land in Central Utah, and last year announced the results of its initial review of seismic data. This was on the heels of Thrust Resources' Radiometrics Plus data suggesting the existence of huge pay zones in the Valley.
About Proper Power & Energy:
Proper Power & Energy, Inc. is an independent exploration and production company. PPWE's operations are in Kentucky, which provides for low risk developmental drilling and production, and Utah, which PPWE controls over 11,000 acres for its exploratory prospect. Renowned geophysicist and consultant to PPWE, Robert Dunbar, believes the Utah prospect could hold up to one billion barrels of recoverable oil.
To learn more about PPWE visit: http://properpower.com
Convio, Inc. (Nasdaq:CNVO) will host a conference call on Thursday, February 3rd 2010 at 8:30 a.m. Eastern to discuss Convio’s financial results for the fourth quarter and full year ended December 31st, 2010. The call will be hosted by Gene Austin, Chairman of the Board, Chief Executive Officer and President, and James R. Offerdahl, Chief Financial Officer and Vice President of Administration. The live webcast of Convio's earnings call will be accessible at http://www.convio.com/investor.
Convio, Inc. provides on-demand constituent engagement solutions that enable nonprofit organizations (NPOs) to raise funds, advocate for change, and cultivate relationships with donors, activists, volunteers, alumni, and other constituents in North America.
Optimer Pharmaceuticals, Inc (Nasdaq:OPTR) announced the appointment of Linda Amper, Ph.D., as Senior Vice President of Human Resources, Hemal Shah as Senior Vice President of Health, Economics & Outcomes Research (HEOR), and John Womelsdorf, Ph.D., as Vice President of Business Development. These key positions will strengthen the management team as the Company prepares to become a commercial organization and prepares for the potential launch of its lead product candidate, fidaxomicin.
Optimer Pharmaceuticals, Inc., a biopharmaceutical company, focuses on discovering, developing, and commercializing anti-infective products worldwide. It develops products that treat gastrointestinal infections and related diseases.
John B Sanfilippo & Son Inc. (Nasdaq:JBSS) a major processor and distributor of snack and baking nut products, will hold its quarterly conference call to discuss second quarter fiscal 2011 results on Wednesday, January 26, 2011 at 10:00 a.m. Eastern Time (9:00 a.m. Central Time). Second quarter earnings are expected to be released after the market closes on Tuesday, January 25, 2011. The dial-in information for this call is 888-679-8033, and the participant passcode is 43349132.
John B. Sanfilippo & Son, Inc. engages in processing and marketing tree nuts and peanuts in the United States.
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