Proper Power and Energy, Inc. (PPWE.OB) 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 Proper Power & Energy.
Also, PPWE wholly owned subsidiary, American Resources, Inc. (ARI), has begun production on its 87.5 acres in Western Kentucky. American Resources, Inc. has completed the re-work on all 4 wells, with those wells online and pumping.
Note: In the United States, oil sands resources are primarily concentrated in Eastern Utah. With a total of 32 billion barrels (5.1×10^9 m3) of oil (known and potential) in eight major deposits in the Utah counties of Carbon, Garfield, Grand, Uintah and Wayne.
Proper Power and Energy, Inc. is an independent exploration and production company. The Company’s operations are in Kentucky, which provides for low risk developmental drilling and production, and Utah, which the Company controls over 11,000 acres for its exploratory prospect. Renowned geophysicist and consultant to Proper Power, Robert Dunbar, believes the Utah prospect could hold up to one billion barrels of recoverable oil.
For more information about this company please visit http://properpower.com/
Crown Equity Holdings Inc. (CRWE.OB) has extended its CRWENEWSWIRE global platform web presence and is now publishing online news and information to the following countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Ireland, Italy, Japan, Malaysia, Mexico, New Zealand, Russia, Singapore, South Africa, South Korea, Spain, Taiwan, United Arab Emirates and the United Kingdom, using their specific country code domain and native language. The company has also established over 1,100 city specific sites within the US, allowing Crown Equity Holdings Inc. to publish its news and information globally or geographically.
Note: China’s Population in 2010 Estimated a population of 1,330,141,295 with 420,000,000 internet users with a growth rate of 1,766.7 % between the year of 2000-2010 making china equivalent to 21.4 % of internet users in the world. Furthermore, the United States in 2010 Estimated a population 310,232,863 with 239,893,600 internet users with a growth rate of 151.6 % between the year of 2000-2010 making United States equivalent to 12.2 % percent of internet users in the world. (Source http://www.internetworldstats.com/top20.htm )
Also, CRWE wholly owned subsidiary, Crown Tele Services Inc., has completed installing servers for its business, which is currently in the process of preparing to provide and offer its “VoIP” communication services to small, large and enterprise businesses.
According to ABI Research, the latest global business VoIP services forecasts show that the value of the overall market, which includes VoIP integrated access, SIP trunking, hosted IP-PBX/IP Centrex and managed IP-PBX services, is set to double over the next five years, to exceed $20 billion by 2015.
Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing and Web sites, which bring together targeted audiences and advertisers that want to reach them. Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness.
For more information about Crown Tele Services Inc. please visit http://www.crownteleservices.com
For more information about Crown Equity Holdings Inc. please visit http://www.crownequityholdings.com
Range Resources Corporation (NYSE:RRC) announced that in concert with its year-end 2010 proved reserve evaluation, it has completed an estimate of its unproved resource potential. Range estimates that its unproved resource potential at year-end 2010 was 35 – 52 Tcfe, up from 24 – 32 Tcfe at year-end 2009. The unproved resource potential as compared to our year-end 2010 proved reserve base of 4.4 Tcfe reflects the opportunity to grow our proved reserves by roughly 10 times.
Range Resources Corporation, an independent natural gas company, engages in the exploration, development, and acquisition of natural gas properties in the southwestern and Appalachian regions of the United States.
Kellogg Company (NYSE:K) will webcast its presentation to the 2011 Consumer Analyst Group of New York Conference live at 8:00 am EST, Wednesday, February 23, 2011. Speaking on behalf of Kellogg Company will be John Bryant, President and Chief Executive Officer; Ron Dissinger, Chief Financial Officer; Brad Davidson, President — Kellogg North America; and Paul Norman, President — Kellogg International.
Kellogg Company, together with its subsidiaries, engages in the manufacture and marketing of ready-to-eat cereal and convenience foods. Its principal products include cookies, crackers, toaster pastries, cereal bars, fruit snacks, frozen waffles, and veggie foods.
Protective Life Corp. (NYSE:PL) reported results for the fourth quarter of 2010 and for the twelve months ended December 31, 2010. Net income available to PLC’s common shareowners for the fourth quarter of 2010 was $78.6 million, or $0.90 per average diluted share, compared to $131.0 million, or $1.50 per average diluted share, in the fourth quarter of 2009. Operating income, after tax, for the fourth quarter of 2010 was $54.1 million, or $0.62 per average diluted share, compared to $132.3 million, or $1.51 per average diluted share, in the fourth quarter of 2009. Included in the fourth quarter 2009 results is a $120.1 million pre-tax gain generated from the repurchase of non-recourse funding obligations. The fourth quarter of 2010 included a $5.7 million pre-tax gain on the repurchase of non-recourse funding obligations.
Protective Life Corporation and its subsidiaries engage in the production, distribution, and administration of insurance and investment products in the United States. It operates in five segments: Life Marketing, Acquisitions, Annuities, Stable Value Products, and Asset Protection.
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