GrowthStockPick.com Reports on USOG Subsidiary, United Oil
Carson City, NV-- United States Oil & Gas Corp (USOG), the growing oil and gas company, recently gave an update on its expanding subsidiary, United Oil which became a fully owned subsidiary at the beginning of the year.
Online, May 20, 2010 (Newswire.com) - Carson City, NV-- United States Oil & Gas Corp (USOG), the growing oil and gas company, recently gave an update on its expanding subsidiary, United Oil which became a fully owned subsidiary at the beginning of the year.
The North Dakota based United Oil has a highly efficient distribution system that is backed with a management team that has 30 years of year experience in the industry.
United's customers are spread over two states and nine counties with no single customer accounting for more than 5% of revenue. The company's breakdown of its sales are: refined fuels (67% of revenue), propane (10%), racing fuel (4%) and other oil based products (1%).
The independent auditing firm of Widmer Roel PC, conducted its audit in accordance with the standards of the Public Company Accounting Oversight Board (PCAOB) recently and reported the following.
Sales of fuel are made throughout North Dakota, South Dakota, and Montana. Total assets as of December 31, 2009 were $437,997. A net loss of $135,000 on sales of $4.3 million were reported for the year then ended.
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GrowthStockPick.com (www.growthstockpick.com) Reports on Stocks to Watch:
United States Oil & Gas Corp. (Other OTC: USOG), Amico Games Corp. (OTCBB:AMCG), OMDA OIL & GAS INC (PINK:OOAG), Nitro Petroleum, Inc. (OTCBB:NTRO), CANNON EXPLORATION INC (PINK:CNEX), Wellstar International, Inc. (OTCBB:WLSI), Renewal Fuels, Inc. (OTCBB:RNWF)
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Other Stocks to Watch:
Amico Games Corp. (OTCBB:AMCG)
Amico Games Corp., formerly Destiny Minerals Inc., is an interactive entertainment media company. The Company is engaged in developing multi-player networked mobile phone games that are played over the mobile Internet in China
OMDA OIL & GAS INC (PINK:OOAG)
OMDA Oil and Gas, Inc. and its wholly owned subsidiaries, OMDA Oil & Gas Management, Inc. and Texas OMDA Drilling & Operating, Inc. and OMDA Oil & Gas, Inc. (Texas), are in the business of oil and gas production and lease acquisition
Nitro Petroleum, Inc. (OTCBB:NTRO)
Nitro Petroleum Incorporated (Nitro) is a development-stage company engaged in the acquisition and exploration of gas and oil properties. The Company had entered into an acreage participation agreement with REO Energy, Ltd. as a holder of approximately 2,000 acres of mineral leases in and around Montague County, Texas (the Gross Area).
CANNON EXPLORATION INC (PINK:CNEX)
Cannon Exploration Inc. engages in the precious mineral exploration business in Canada. It was formerly known as Park 8000 Corporation and changed its name to Cannon Exploration Inc. in March 2008
Wellstar International, Inc. (OTCBB:WLSI)
Wellstar International, Inc. through its wholly owned subsidiary, Trillennium Medical Imaging, Inc. (Trillennium) is engaged in developing and licensing the use of advanced thermal imaging technology (TMI SYSTEM) in the consumer health care markets worldwide
Renewal Fuels, Inc. (OTCBB:RNWF)
Renewal Fuels, Inc. (Renewal Fuels), formerly Tech Laboratories, Inc., is engaged in the business of designing, developing, manufacturing and marketing biodiesel processing equipment and accessories to convert used and fresh vegetable oil into clean-burning biodiesel.
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