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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.”
Proper Power & Energy, Inc. (OTC:PPWE) just recently reported that it has restructured its executive management team and entered into a strategic alliance.
Andrew J. Kacic will replace Joseph Abdo as President of Proper Power & Energy. Mr. Kacic brings more than 32 years of progressive experience as a chief executive in oil and gas, investment banking, insurance services and public securities. Mr. Kacic was the founder and president of American Resources of Delaware, Inc. and its subsidiary Southern Gas Company, successfully taking assets from $220,000 to more than $40 million in less than 4 years. Mr. Abdo will remain the Chief Executive Officer and Chairman of the Board.
Concurrently to the management restructuring, the Company has entered into a strategic alliance with Douglas Kiggins, founder of Mayo Energy Partners. Mr. Kiggins will assist Mr. Kacic in the development of the Company’s Utah asset, with the target goal of drilling the first exploratory well in Utah by third Quarter 2011. Mr. Kiggins has participated in the drilling and development of over 250 oil and gas wells in Texas, Oklahoma and Colorado, with the deepest well reaching a total depth over 21,000 feet.
“The Company is now postured to accelerate the development of both Utah and Kentucky in the first Quarter 2011,” Mr. Abdo stated.
Within the last 200 years, the advancement in human technology has made our way of life totally dependent on Oil, Gas & Coal, which are the main elements for fuel for a variety purposes. What makes Oil different is the huge variety of goods that can be born from it. A small list of some of these products: Gasoline, Diesel, Fuel oil, Propane, Ethane, Kerosene, Liquid petroleum gas, Lubricants, other alkanes, heating oil, asphalt, bitumen, plastic, bags, toys, candles (paraffin), clothing (polyester, nylon), cosmetics, petroleum jelly, perfume, dish-washing liquids, ink, bubble gums, car tires and more.
So it is apparent that the modern industry is totally dependent on Oil.
However, the amount and size of Oil Reserves on the U.S. is immense. The U.S. has in fact the third largest oil production after Saudi Arabia and Russia.
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.
GreenHouse Holdings, Inc. (Pinksheets:GRHU) a leading provider of energy efficiency solutions and sustainable infrastructure products, recently announced that it has been engaged to implement Southern California Edison’s (SCE) Automated Demand Response (Auto-DR) program for three commercial/industrial customers. The customers include the PepsiCoÂ® Carson bottling facility, Sigma Plating and CRP MB Studio, LLC.
GreenHouse estimates that the projects will generate $500,000 in revenue to the company. This projection is based upon approximately 1,500 kW or 1.5 MW of electricity demand reduction and infrastructure improvements from the engagements. GreenHouse is a qualified service provider of SCE’s Auto-DR program, providing site assessment, feasibility studies, project development, engineering, and installation of enabling technologies including complete processing of all utility documents.
“Auto-DR is a rapidly growing aspect of our energy efficiency portfolio that can reap benefits for a wide range of commercial and industrial organizations, as evidenced by the diversity of these three unique customers,” said Russ Earnshaw, President of GreenHouse. “We are very pleased to be working Sigma Plating and CRP MB Studio to help them take advantage of Southern California Edison’s Auto-DR program. Management is extremely fortunate to assist another PepsiCo facility in their conservation efforts.”
GreenHouse has been engaged to implement Southern California Edison’s (SCE) Automated Demand Response (Auto-DR) program for two industrial customers. The customers include Apogee Containers, Inc. and MGE UPS, LLC. GreenHouse estimates that the projects will generate $400,000 in revenue for GreenHouse, based upon approximately 1,300 kW or 1.3 MW of electricity demand reduction and infrastructure improvements from the engagements. GreenHouse is a qualified service provider of SCE’s Auto-DR program, providing site assessment, feasibility studies, project development, engineering, and installation of enabling technologies including complete processing of all utility documents.
“Auto-DR is just one of the innovative services Greenhouse offers to help our clients implement cost effective solutions that produce positive results for all parties involved,” remarked Russ Earnshaw, President of GreenHouse. “We are truly honored to be selected by Apogee and MGE UPS and we anticipate Auto-DR being the first of many services offered in support of their energy stewardship initiatives.”
Weingarten Realty Investors (NYSE:WRI) released the Federal income tax treatment of its 2010 cash distributions to holders of its Common Shares of Beneficial Interest, its depositary shares of 6.75% Series D Cumulative Redeemable Preferred Shares, its depositary shares of 6.95% Series E Cumulative Redeemable Preferred Shares and its depositary shares of 6.50% Series F Cumulative Preferred Shares.
Weingarten Realty Investors operates as a real estate investment trust (REIT). The company engages in the management, acquisition, and development of real estate.
EI DuPont de Nemours & Co. (NYSE:DD) announced that DuPont Denmark Holding ApS, a wholly owned and fully controlled subsidiary of DuPont, has commenced its previously announced voluntary recommended public offer to purchase all of the outstanding shares of Danisco at a price of DKK 665 in cash per share.
E. I. du Pont de Nemours and Company (DuPont) operates as a science and technology company worldwide. It operates in seven segments: Agriculture & Nutrition, Electronics & Communications, Performance Chemicals, Performance Coatings, Performance Materials, Safety & Protection, and Pharmaceuticals.
Loews Corporation (NYSE:L) will report fourth quarter and full year 2010 financial results on Monday, February 7, 2011. A conference call for analysts and investors will begin at 11:00 a.m. EST and will be hosted by the Company’s chief executive officer, James S. Tisch, and chief financial officer, Peter W. Keegan.
Loews Corporation, through its subsidiaries, operates primarily as a commercial property and casualty insurance company in the United States.
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