Del Mar, CA-- United States Oil and Gas Corp the growing oil and gas products, services and technology company and focused on acquiring and growing domestic oil and gas services companies, recently released financial news on its subsidiary United Oil.
The Company made its first acquisition, Turnbull Oil, in May 2009, and its second acquisition, United Oil & Gas, Inc., in January 2010.
CEO Alex Tawse commented, "United’s audit was conducted separately because the acquisition was effective January 1, 2010. Going forward, United's financials will be reported on a consolidated basis with our other operating subsidiary, Turnbull Oil which is located in Plainville, Kansas."
According to the financials, United which sells and distributes various oil and gas products, as well as owning a convenience store saw its total assets as at December 31, 2009 at $437 997. On sales of $4.3 million the company saw a net loss of $135 00.
CEO Tawse finishes by saying, “We are pleased with the progress our team has made, and look forward to the benefits we expect from the synergies across business units."
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United States Oil & Gas Corp. (Other OTC: USOG), LUX ENERGY CORP (LUXE.OB), Carbonics Capital Corporation (OTCBB:CICS), Amico Games Corp. (OTCBB:AMCG), BioSolar, Inc. (OTCBB:BSRC), Cytta Corp (OTCBB:CYCA), SNM Global Holdings (OTCBB:SNMN)
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LUX ENERGY CORP (LUXE.OB)
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Amico Games Corp. (OTCBB:AMCG)
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Cytta Corp (OTCBB:CYCA)
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SNM Global Holdings (OTCBB:SNMN)
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