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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. It is a generally known fact that the United States has been importing oil since the 1970’s because oil production at home cannot meet the sky-rocketing demands of our consumption. According to the 2009 yearly average, the U.S. Crude Oil is devouring around 21 million barrels a day and U.S. production is approximately around 5 million. Why are things increasing so rapidly? Why are resources running out at such a high acceleration? There is no easy answer but all of it is very much related to one single idea: a great number of growth.
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 industrAy 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.
Majestic Gold Corp. (TSX-V:MJS) (FSE:MJT) engages in the exploration and development of mineral properties in China. The company focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province. Majestic Gold Corp. is headquartered in Vancouver, Canada.
China has a long history of gold production. As early as 1091 BC, gold was legalized as money (as an alternative to silk), circulating in little squares. Hebei province, one of the main mining areas, claims production for over three thousand years. The Zhao Yuan mine in Shandong province has been worked for over a thousand years; while other Shandong mines date from the 17th century.
Gold mineralization on Song Jiaguo is hosted by a series of steeply dipping, sub-parallel north-northeast trending fault zones within upper Cretaceous conglomerates overlying Proterozoic granitic rocks. The area of Song Jiaguo is interpreted as being the higher levels of a mesothermal system where gold bearing fluids have mineralized the matrix of the host conglomerates. The gold bearing quartz veins would then likely continue to much lower levels in the system.
In 2006, Wardrop prepared a National Instrument 43-101 (NI 43-101) compliant, resource estimate of the Songjiagou deposit. On the basis of additional data collected during 2006, Wardrop prepared an updated estimate in late 2007.
In April 2010 Wardrop completed an update of the 2007 resource estimate to take into account assay results from surface core drilling and trenching that were carried out during 2007, as well as depletion from surface mining since the time of the last estimate. Depletion attributable to underground mining during the same interval was negligible.
The April 2010 updated resource estimate was made using an un-rotated block model, which is to say the blocks in the model were oriented orthogonally east-west and north south. In October 2010, Majestic requested that the estimate be redone using a block model rotated parallel to the trend of the deposit as well as a lower cutoff (0.3 g/t versus 0.4 g/t gold).
For More Information On Majestic Gold: www.majesticgold.net
FuelCell Energy Inc. (Nasdaq:FCEL) announced that Southern California Edison Company (SCE) has ordered a 1.4 megawatt (MW) DFC1500 fuel cell power plant to install as a utility-owned fuel cell on the campus of California State University, San Bernardino. The ultra-clean electricity generated by the power plant will interconnect into the existing SCE distribution grid. The distributed generation attribute of fuel cells enables SCE to add power generating capacity at the point of use without a commensurate investment in the transmission and distribution grid.
FuelCell Energy, Inc. engages in the development and manufacture of fuel cell power plants for electric power generation primarily in the United States, Canada, Germany, Japan, and South Korea.
Cybex International Inc. (Nasdaq:CYBI) announced that it has named Patrick House, the Season 10 winner of The Biggest Loser, a CYBEX Fitness Ambassador. As a CYBEX Fitness Ambassador, House will represent the company at numerous company and industry events to educate the fitness industry and consumers on the high level of performance delivered by the CYBEX brand of cardio and strength training equipment.
Cybex International, Inc. develops, manufactures, and markets strength and cardiovascular fitness equipment for the commercial and consumer markets principally under the Cybex brand name.
Sonus Networks, Inc. (Nasdaq:SONS) announced the general availability of VoiceSentry™ an application-aware security system that protects Call Centers against telephony Denial of Service and other voice attacks. Telephony Denial of Service (T-DoS) has grown so quickly that the Federal Bureau of Investigation now tracks it separately from Internet DoS and Distributed Denial of Service (DDoS).
Sonus Networks, Inc. provides voice, video, and data infrastructure solutions for wireline and wireless telephone service providers. Its products include infrastructure equipment and software that enable voice services to be delivered over Internet protocol (NYSE:IP) packet-based networks and are built on the distributed IP-based principles embraced by the IP Multimedia Subsystem (IMS) architecture.
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