Carson City, NV— United States Oil & Gas Corp. (USOG), the growing oil and gas company has had a busy start to the year, with some of the highlights including the completion of the acquisition of United Oil, a patent approval from the U.S Patent Office and filing its Form 10.
The purchase of United was made with a combination of cash, stock and promissory note and was completed on the first day of 2010. USOG plans to share best practices, explore savings on bulk purchases from suppliers and possibly combine marketing and sales strategies.
“We are excited to bring United on board. Along with Turnbull, our first acquisition completed in May 2009, “says Alex Tawse, CEO of USOG.
The company obtained a US Patent for its Simple Fiber Optic Seismometer for Harsh Environments, which will make measuring of the ocean floor more reliable and cheaper.
Tawse commented , "we hope this intellectual property will facilitate the successful development and commercialization of techniques and devices enabling greener exploration and production; ones that minimize the environmental footprint of drilling activity. We intend to investigate the development or licensing of this technology."
The company also recently filed its Form 10 to the Securities and Exchange Commission to register its common stock. This will enable the company to be able to list on more senior exchanges; gain broader exposure to capital markets and increase its liquidity.
"The achievements already made this year include filing our registration statement, the additions to our Board of Directors and improvements in corporate governance. We believe that these strides are a necessary step to allow us to achieve our goals of having our common stock traded on a national securities exchange and consummating additional acquisitions."
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LiquidStockReport.com (www.liquidstockreport.com) Reports on Stocks to Watch: United States Oil & Gas Corp. (Other OTC: USOG), BP (NYSE:BP), China Media1 Corp. (OTCBB:CMDA), EnviroXtract, Inc. (OTCBB:EVXA), Pop N Go, Inc. (OTCBB:POPN), Treaty Energy Corporation (OTCBB:TECO)
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United States Oil & Gas Corp.
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Other Stocks to Watch:
BP (NYSE:BP)
BP p.l.c. (BP) is an international oil and gas company. The Company operates in more than 80 countries, providing its customers with fuel for transportation, energy for heat and light, retail services and petrochemicals products.
China Media1 Corp. (OTCBB:CMDA)
China Media1 Corp. is a media ownership company with its core business in Greater China. The Company owns and operates specialty media assets throughout Southern China, which include physical advertising space and the advertising contracts with national and multi-national corporations
EnviroXtract, Inc. (OTCBB:EVXA)
EnviroXtract, Inc., formerly Cambridge Energy Corporation, has no business operations. The Company was an independent oil and gas company engaged in the exploration and development of domestic oil and gas properties.
Pop N Go, Inc. (OTCBB:POPN)
Pop N Go, Inc. and its subsidiaries, Nuts To Go, Inc. and Branax, LLC, manufacture and develop coin-operated popcorn machines, which they sell to distributors and retail establishments
Treaty Energy Corporation (OTCBB:TECO)
Treaty Energy Corporation (Treaty) is a crude oil and natural gas producing company. Treaty is in the business of acquiring oil and gas properties with production capabilities and reserves.
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