Posted On: 11/07/2013 9:48:02 AM
Post# of 18536
The Company projects each of the three producing wells to produce on average 2 BOD ("barrels of oil per day"), which equates to an additional $200,000 in annual revenue based on current crude pricing. With this acquisition, the Company is raising its projections for daily production of crude from 42-48 BOD to 48-54 BOD.
"We are pleased to report to shareholders a continued increase in production and revenue through this acquisition," said Wayne Anderson, President of US Natural Gas Corp. "As we have reiterated through our recent announcements, our acquisitions are 100% targeted to be immediately accretive to earnings. With this acquisition, we strongly anticipate that our production and revenue will surpass historical records for the Company.”
UNGS is on the rise, awesome time to get in while it is low imo.
"We are pleased to report to shareholders a continued increase in production and revenue through this acquisition," said Wayne Anderson, President of US Natural Gas Corp. "As we have reiterated through our recent announcements, our acquisitions are 100% targeted to be immediately accretive to earnings. With this acquisition, we strongly anticipate that our production and revenue will surpass historical records for the Company.”
UNGS is on the rise, awesome time to get in while it is low imo.
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