Proper Power & Energy, Inc. (OTC:PPWE)
Oil is the heartbeat of the world's economy and the world consumption of oil, spurred on by countries such as India and China, is set to increase tremendously.
Since the horse and carriage became obsolete because of the car, the main means of transportation, oil has become vitally important to the world economy. Its importance has catapulted to the point that in a world suddenly without oil, all the minor and major delivery systems that allow economic undertakings on a larger than local basis wouldn't work and the world economy would collapse.
Utah ranked 11th in the United States in crude oil proved reserves and 8th in natural gas proved reserves (not including Federal Offshore areas) in 2008.
Many farmers in Kentucky are trading in their tractors and overalls for oil derricks and wildcatting gear. With the price of oil reaching an all time high and the family farm becoming more and more obsolete, the attraction of getting rich by striking oil on the family's back forty is becoming harder and harder to resist. And not without promise, with current geological readings estimating that nearly five billion barrels of oil reserves could be tucked away near Kentucky's famed coal mines of old.
Proper Power & Energy, Inc. has announced that it has been approached by two independent financing groups and has submitted a $10 million private placement memorandum to each of them. These two groups are seeking domestic oil and gas production in light of the Middle East tensions.
"The timing to acquire oil and gas properties while gas prices are low couldn't be better. Additionally, the availability of this funding for developing Proper Power's Kentucky and Utah oil prospects will accelerate 2011 revenues and leasehold acreage growth dramatically. We anticipate feedback from both of the financing groups before the end of this month," stated Andrew J. Kacic, President of PPWE.
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
Internet Capital Group Inc. (Nasdaq:ICGE) will release the financial results for its fourth quarter and full-year ended December 31, 2010 on Thursday, February 24, 2011, before the market opens. The Company will host a conference call to discuss the fourth quarter and full year results on Thursday, February 24, 2011 at 10:00 a.m. ET. Participating on the conference call will be Walter Buckley, ICG's chief executive officer, and Kirk Morgan, chief financial officer of the Company. The domestic dial-in number for the call is 866.831.6247 and the international dial-in number is 617.213.8856. The participant pass code for either dial-in is 42656308.
Internet Capital Group Inc. is a private equity and venture capital firm specializing in patient capital, acquisitions, and mid and late venture investments in public and private companies. was founded in March, 1996 and is based in Wayne, Pennsylvania.*****
Nobel Learning Communities Inc. (Nasdaq:NLCI) a leading operator of private preschools, elementary schools, and middle schools, announced that its results for the second quarter 2011 will be released on Thursday, February 10, 2011 before the market opens. A copy of the earnings release will be available on the Investor Relations portion of the Company's website at: http://www.nobellearning.com.
Nobel Learning Communities, Inc., together with its subsidiaries, operates a network of nonsectarian private schools that include preschools, elementary schools, middle schools, and specialty high schools.*****
The Knot, Inc. (Nasdaq:KNOT) the premier media company devoted to weddings, nesting and babies, announced that it will release its fourth quarter 2010 financial results on Thursday, February 10, 2011, at 4:00 p.m. ET. Following the release, the Company will host a conference call for investors at 4:30 p.m. ET (1:30 p.m. PT) to discuss the results.
The Knot, Inc. provides multiplatform media services to the wedding, newlywed, and pregnancy markets in the United States. The company was founded in 1996 and is based in New York, New York.
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