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Proper Power & Energy, Inc. (OTC: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.
Most U.S. citizens use around 2 barrels of oil per month. America contributes around 5.4 million barrels of crude oil every day which adds up to almost 2 billion barrels per year.
In 2009, around 41% of America's total energy use was used by homes and businesses, 30% was used for industrial activities and 29% was used by transportation.
PPWE also announced 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."
Kentucky’s existing oil and gas infrastructure is extensive. Finding and production costs are low due to the occurrence of shallow resources. Kentucky is centrally located for access and distribution to northern and eastern industrial markets.
About Proper Power & Energy:
Proper Power & Energy was formed in 2006 as an exploration and production company for oil and gas. The organization is committed to utilizing a very dynamic system of research and testing, and as a result of this extensive research and testing, have selected several sites with very good to excellent potential for productivity.
Itron, Inc. (Nasdaq:ITRI) announced it will report financial results for the three and twelve months ended December 31, 2010 at 4:00 p.m. Eastern Time (NYSE:ET) on Wednesday, February 16, 2011. The company will hold a conference call with analysts and institutional investors to discuss the results at 5:00 p.m. ET. The earnings release and financial statements will be available on the company’s website at www.itron.com.
Itron, Inc. provides products and services for the energy and water markets worldwide. It produces electricity, gas, water, and heat meters; and various other associated metering products for residential, commercial and industrial (C&I), and transmission and distribution customers.
Ultimate Software Group, Inc. (Nasdaq:ULTI) a leading provider of unified human capital management SaaS solutions for global businesses, announced that it will host a free, interactive human resources workshop on Thursday, February 3, 2011 at The Fairmont San Jose in San Jose, CA. High-level HR executives from well-known companies and various industries, as well as a labor attorney from a prestigious law firm, will discuss innovative tools and procedures to: create strategic recruiting techniques develop performance reviews that managers will use protect your company against California wage and hour claims, and more. This workshop has been approved for 3.75 credit hours (1.50 Strategic plus 0.75 California HR management) from the HR Certification Institute, 4.0 recertification credit hours from the American Payroll Association.
The Ultimate Software Group, Inc. designs, markets, implements, and supports human resources, payroll, and talent management solutions primarily in the United States and Canada.
BE Aerospace Inc. (Nasdaq:BEAV) the world's leading manufacturer of aircraft cabin interior products and the world's leading distributor of aerospace fasteners and consumables, announced that its main cabin seating platforms have been selected by a number of the world’s leading airlines for their narrow-body aircraft. The awards, all of which have been won over the last several months were for seating for both new-buy aircraft and retrofit seating for existing aircraft. The awards were initially valued at approximately $200 million. These coach class seating awards were driven primarily by the B/E Aerospace new patented Pinnacle™ main cabin seating platform, the industry’s lightest full-featured seat.
BE Aerospace, Inc. engages in the design, manufacture, sale, and service of commercial aircraft and business jet cabin interior products worldwide.
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