United American Petroleum Corp. (OTCBB:UAPC) is
pleased to announce it has launched its Company website
www.unitedamericanpetroleum.com, which is ready for immediate
viewing. The website provides an overview of United American
Petroleum's operations, management team, current projects and other
valuable information, such as news releases, SEC Filings, stock
quotes and charts.
Michael Carey, President and CEO, stated, "We are pleased to
present the Company's website to the investment community. Our
website encompasses many key components of our Company and we
believe it will prove to be a valuable resource for current and
prospective shareholders wishing to more clearly understand United
American Petroleum's operations and initiatives. We intend for the
site to evolve and grow in tandem with our development plans for
the company."
United American Petroleum Corp. is an independent exploration,
development, acquisition, production, and operating company engaged
in advanced exploration, drilling and completion techniques to
explore for, produce and develop domestic oil and natural gas
reserves. The Company's strategy centers on
increasing shareholder value through actively pursuing and
developing what we believe are high-potential acquisitions for
drilling and production while maintaining a prudently managed
balance sheet. The Company's current projects are
in Texas; however, additional acquisitions may encompass
active plays throughout the United States.
We believe that United American Petroleum is different from
other emerging oil and gas exploration and exploitation companies
in that United also provides operational services, not only for its
own properties, but also for other oil and gas companies. United is
presently providing operational services for numerous oil and gas
leaseholders in Caldwell, Frio, Gonzales, Jackson, La Salle,
Lavaca, Pecos and Victoria counties. United is exploring
opportunities to increase both the size and locations of its
operations portfolio.
With years of combined experience in the region, United prides
itself on its ability to perform any duty needed in the oil field,
including, but not limited to, landman, title and leasing, lease
work, pumping and gauging, geology and geophysics, reserve
estimates, overseeing work-overs, re-entries and drilling. United
can also perform enhanced recovery such as water floods and gas
injection and a wide array of other industry specific tasks.
The Company has three main Texas projects located in Bastrop,
Frio and Gonzales counties within the Eagle Ford Shale Play located
directly below the Austin Chalk Formation. With existing
production, development, exploration and appraisal acreage in
Texas, the Company believes it is well positioned for rapid
expansion.
United American Petroleum's Bastrop Project comprises over 400
acres of producing property, with 10 existing wells, currently at 2
acre spacing, with offset locations identified. The Bastrop
serpentine fields have production potential from both the Austin
Chalk and lower Buda Formation. The Bastrop County Project has both
geologic and geophysical evaluations, and seismic data which leads
management to believe there may be potential for very significant
reserves. The Company's Frio County Project comprises 110 acres of
producing asset, with three producing wells and 20 acre spacing for
offset drilling locations. The project lies in the Western Gulf
province, an area that covers approximately 116,599 sq. mi.,
allowing extensive data on several hundred thousand oil and gas
wells in that province. United American Petroleum's 112-acre
Gonzales County Project has one producing well and enough space to
house further offset wells.
United American Petroleum has assembled a seasoned management
team with the experience, commitment and drive to improve
shareholder value and lead its business strategies to fruition.
President and CEO, Michael Carey, possesses specific knowledge of
the Texas oil industry having worked in partnership with some of
the most prestigious companies in the oil and gas arena. Mr. Carey
has experience in acquisitions, operations and company building,
and is focused on facilitating projects of merit with increased
acreage and multiple production locations, as well as identifying
potential new prospects.
Chief Operating Officer, Ryan Hudson, possesses significant
sales, management and operational experience in the oil and gas
industry. His experience encompasses lease acquisitions, title
opinions, marketing and funding, and project management. Mr.
Hudson's operational experience includes facilitating the payment
of vendors, distributing funds and supervising all field work, from
set-up to completion. He has developed strong relationships with
numerous key individuals in the oil and gas sector, from larger
independents to several of the majors.
Christian Negri, Chief Financial Officer, has developed
strategies to implement the Company's financial management systems.
Mr. Negri possesses experience in the traded options market,
institutional brokerage and equities, and has knowledge of global
markets in the resource sectors. Mr. Negri is also proficient at
negotiations and establishing financial structures for potential
financings.
To be placed on the Company's master email list and
receive future press releases, progress reports and developments,
please send an email to unitedamericanpetroleum@grosscapital.com or
contact Gross Capital, Inc. at (361) 949 – 4999.
About United American Petroleum Corp.
United American Petroleum Corp. is an independent exploration,
development, acquisition, production, and operating company
engaged in advanced exploration, drilling and completion
techniques to explore for, produce and develop domestic oil
and natural gas reserves. The Company's strategy
centers on increasing shareholder value through actively
pursuing and developing high-potential acquisitions for drilling
and production while maintaining a prudently managed balance
sheet. The Company's current projects are in
Texas; however, additional acquisitions may encompass active
plays throughout the United States.
The United American Petroleum logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=8834
Forward-looking Statements:
This press release contains forward-looking statements (as
defined in Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended)
concerning future events and the Company's growth and business
strategy. Words such as "expects," "will," "intends," "plans,"
"believes," "anticipates," "hopes," "estimates," and variations on
such words and similar expressions are intended to identify
forward-looking statements. Although the Company believes that the
expectations reflected in such forward-looking statements are
reasonable, no assurance can be given that such expectations will
prove to have been correct. These statements involve known and
unknown risks and are based upon a number of assumptions and
estimates that are inherently subject to significant uncertainties
and contingencies, many of which are beyond the control of the
Company. Actual results may differ materially from those expressed
or implied by such forward-looking statements. Factors that
could cause actual results to differ materially include, but are
not limited to, changes in the Company's business; competitive
factors in the market(s) in which the Company operates; risks
associated with oil and gas operations in the United States; and
other factors listed from time to time in the Company's filings
with the Securities and Exchange Commission. The Company expressly
disclaims any obligations or undertaking to release publicly any
updates or revisions to any forward-looking statements contained
herein to reflect any change in the Company's expectations with
respect thereto or any change in events, conditions or
circumstances on which any statement is based.
Cautionary Note to U.S. Investors -- The United
States Securities and Exchange Commission permits oil and gas
companies, in their filings with the SEC, to disclose only proved
reserves that a company has demonstrated by actual production or
conclusive formation tests to be economically and legally
producible under existing economic and operating conditions. We use
certain terms in this press release, such as "probable,"
"possible," "recoverable" or "potential" reserves among others,
that the SEC's guidelines strictly prohibit us from including in
filings with the SEC. Investors are urged to consider closely the
disclosure in our filings with the SEC.
CONTACT: Investor Contact
Gross Capital, Inc.
Barry Gross
361-949-4999
unitedamericanpetroleum@grosscapital.com
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