Petroleos Mexicanos (PEMEX) is the state-owned oil company (and natural gas) of México, which since the 90’s has been discussed for privatization like many other state-owned companies in México.

According to Andrew J. Kacic, President of Proper Power & Energy, Inc. (OTC MARKETS: PPWE), the company looks forward to having a very productive 2011 and anticipates announcing the first revenues from the sale of oil this quarter.

Québec is remarkable from the standpoint of the wealth of its tremendous land area that has scarcely been tapped. It has roughly 30 mines, 158 exploration firms and 15 primary processing industries. Some 30 minerals are mined, of which the leading ones are gold, iron, titanium, asbestos, copper, zinc and silver. Scarcely 40 % of Québec’s mineral potential is now known.

Proper Power & Energy, Inc. (OTCBB:PPWE) 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. Oil and Gas prices are skyrocketing with no sign of a slow down.