USOG
18 February 2010 - 3:39pm
USOG - Increasing Capacity Owing to Strong Demand.
United Oil Going From Strength to Strength.
Del Mar 2/18/2010 03:00 PM GMT (TransWorldNews)
Del Mar, CA – United States Oil & Gas Corp's ever expanding subsidiary, North Dakota-based United Oil has been going from strength to strength. United Oil owns its own distribution system of tankers and haulers, and has been adding this to its property, plant and equipment. Like the Company's other wholly owned operating subsidiary Turnbull Oil , the management team at United Oil has been immersed in the oil and gas industry for over thirty years. This time span has enabled United Oil to develop and run a highly efficient distribution system.
Owing to high demand, additional storage is now necessary because customer sales are far ahead of supply. Storage capacity at its bulk plant is nearly 100,000 gallons of refined fuels with additional capacity available on six acres of developable land (which the company owns) located directly adjacent to the main interstate.
Latest Status Updates
| cassiewardtl n/a 1 week ago |
| PENNYGURU n/a 1 week ago |
| Rhodegirl n/a 2 weeks ago |
| bhere » adminjosh n/a 5 weeks ago |
| majorherreraqn n/a 8 weeks ago |
| paddan n/a 8 weeks ago |
| paddan n/a 8 weeks ago |
| whh n/a 9 weeks ago |
| adminjosh n/a 20 weeks ago |
| pennybuilder n/a 20 weeks ago |
| adminjosh n/a 24 weeks ago |
| adminjosh n/a 27 weeks ago |
| adminjosh n/a 27 weeks ago |
| IncuStock n/a 29 weeks ago |
| adminjosh n/a 30 weeks ago |
- 1 of 4
- ››
OTC Pink Sheet Stock News
- Qtrax, a Division of Brilliant Technologies Corporation(BLLN.PK) Announces ... - PR Web (press release)
- Meda To Buy US-based Alaven For $350 Mln - Update - RTT News
- Meda To Buy US-based Alaven For $350 Mln - Update - RTT News
- Meda To Acquire Alave For US$350 Mln On Cash And Debt Free Basis - Quick Facts - RTT News
- Qtrax (BLLN.PK), World's First Free/Legal Music Download Service, Appoints ... - Melodika.net (press release)
- Qtrax (BLLN.PK), World's First Free/Legal Music Download Service, Appoints ... - PR Web (press release)
- Qtrax (BLLN.PK), World's First Free/Legal Music Download Service, Appoints ... - Trading Markets (press release)
- AB Inbev Q2 Profit Rises - Update - RTT News
- Pink OTC Markets To Restate Previous Financial Statements - RTT News
Disclaimer: Verify all claims and do your own due diligence. Any stocks here are not being recommended traded in anyway. An offer to buy or sell can be made only with accompanying disclosure documents and only in the states and provinces for which they are approved. All statements and expressions are the sole opinion of the editors, moderators, and users and are subject to change without notice. No users here is liable for any investment decisions by its readers or users. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. The information contained herein has been provided as an information service only. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. It should be understood there is no guarantee that past performance will be indicative of future results. Investors are cautioned that they may lose all or a portion of their investment in this or any other company.
Terms of use
United States Oil and Gas Corp. (USOG) acquires and drives the growth of profitable small to mid-sized oil & gas services companies with strong revenue, proven management and established market share. USOG also develops innovative proprietary oil & gas exploration and extraction technologies that can increase production while minimizing environmental impact. In May 2009 USOG acquired Kansas-based Turnbull Oil, a profitable, family run oil and gas distributor with a 44 year track record. Wholly owned Turnbull Oil generated $16.5 million in revenue and $447,000 in EBITDA in fiscal year 2008. USOG reported strong financial performance for the quarter ended September 30, 2009 with Turnbull Oil generating $3,500,000 in sales revenue and $591,000 in net profit. USOG announced that its second acquisition, that of United Oil & Gas (United) was completed as of January 1, 2010. United is a seller of diesel, race gasoline, propane and lubricants. It has a customer base of over 400 customers that include regional businesses, farms and private residences. It is forecasting a turnover of $8 million for the year ending 2009, up $1 million from 2008 figures.