Standard & Poor’s announced today that it has commenced Factual Stock Report coverage on United American Petroleum Corp.

United American Petroleum Corp. (OTCBB:UAPC), in the exploration stage as of December 31, 2010, engages in the acquisition, exploration, development and production of oil and gas properties. Its principal business is the acquisition of leasehold interests in petroleum and natural gas rights, either directly or indirectly, and the exploitation and development of properties subject to these leases. As a result of acquisitions completed in December 2010 and January 2011, the company owns various oil and gas interests in Texas.

United owns a 100% working interest in the Marcee 1 Tract, which is located on approximately 112 acres of land in Gonzalez County, Texas. The Marcee lease contains one well. United also owns a 25% working interest in the Hector Lozano Tract, which is located on approximately 110 acres in Frio County, Texas. The Hector Lozano Tract is a producing asset with three wells.

On January 28, 2011, the company acquired certain oil and gas interests from Patriot Minerals, LLC. The Patriot interests acquired by United consist of certain undivided working interests in various leases in Texas including, but not limited to, the Welder lease in Duval County; the Bailey Rogers and Fohn leases in Medina County; the Walker Smith lease in Wilbarger County; the Merrick Davis lease in Shackelford County; and the Crouch, Heady and Lane leases in Erath County (''the Patriot Interests''). At the time of the company's acquisition of the Patriot interests, all wells were shut in due to various factors. As of mid-April 2011, United was in the process of developing plans with the working interest partners for each of the leases.

S&P Factual Stock Report coverage on United American Petroleum Corp. will also be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts. Please visit www.unitedamericanpetroleum.com for additional information.

About Standard & Poor's Factual Stock Reports

This Standard & Poor’s service provides factual research coverage enabling information about United American Petroleum Corp. and other securities to reach a wide investor audience of Buy and Sell-side investors, helping them understand a company’s fundamentals and business prospects. Currently profiling over 500 issuers, S&P Factual Stock Reports increase market awareness for issuers in the investment community with insightful commentary and key statistics/information. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, Industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is sponsored by the issuer, S&P does not offer investment opinions concerning the advisability of investing in these stocks.

Standard & Poor’s Factual Stock Reports are produced separately from any other analytic activity of Standard & Poor’s. Standard & Poor’s Factual Report research has no access to non-public information received by other units of Standard & Poor’s. Standard & Poor’s does not trade on its own account.

Note: All U.S. and Canadian Companies listed on a National Exchange (not covered by S&P’s STARS research) are eligible to obtain this coverage.

About Standard & Poor's

Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 10,000 employees, including wholly owned affiliates, located in 23 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6736605&lang=en

United American Petroleum (PK) (USOTC:UAPC)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more United American Petroleum (PK) Charts.
United American Petroleum (PK) (USOTC:UAPC)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more United American Petroleum (PK) Charts.