PPWE.OB

[STOCKSEEKER]

I just got an alert on PPWE, Company looks good. I am currently not holding this one but I figured i would share it with you all. Company is going to start drilling in Utah as soon as they decide which of the three potental companies they are going to venture with. The three companis are around the area and have experice in drilling in the area and already have there equipment near the site. This will be useful when drilling starts.  Theres some chatter of news coming out on this soon so this might be the time to load up before it runs.. Good luck to you all Heres the latest news for u to start off with..

 

TAMPA, Fla., June 21 /PRNewswire-FirstCall/ -- Proper Power & Energy, Inc. (OTC Bulletin Board:PPWE.ob - News) announced today that over the past few months, the Company has been interviewing and evaluating potential joint venture partners for the commencement of drilling on its Utah property.  In the recent meeting, the Board of Directors has decided to narrow their choices to three companies.  All three companies possess the characteristics that Proper Power feels it will need for future success in Utah.  All three companies have more than 10 years experience in both Oil and Gas drilling.  Most important to the Company is that all three companies maintain equipment and properties in surrounding areas.  

Mr. Joe Abdo, President of Proper Power & Energy, commented, "Aligning ourselves with a Company that has vast experience and resources in the general area of where we will commence drilling is invaluable to our success in Utah."  

Mr. Tanel Rashid was also consulted in the evaluation process.  Mr. Rashid was appointed Production Advisor by the Company last month on an outside, after hours, basis.

Mr. Rashid added, "Given my extensive experience in the industry, I am in complete agreement with Mr. Abdo that having potential partners in the same geographic area is very useful to successful implementation of our business plan

[STOCKSEEKER]

PPWE News just hit the wire. Looks like there going to have more reserves than anticipated. This well has the potental of 12,000 barrels a day This is the time to take a position in the company. This is also an awesome time to be in the oil sector with the consistant rise in oil prices. Good luck to you all remember to do your dd!! Heres the news

 

TAMPA, Fla., June 28 /PRNewswire-FirstCall/ -- Proper Power & Energy, Inc. (OTC Bulletin Board:PPWE.ob - News) announced today the Company released the first data analysis report of its Central Utah prospect as compiled by Thrust Resources geophysicist Robert Dunbar.  The Company retained Thrust Resources' compiled Radiometrics Plus survey when it purchased its lease in the Rush Valley in late 2007.  This past summer, the Company purchased independent, reprocessed seismic data on the same fields to compare those readings with the Radiometrics Plus.  Radiometrics measures radioactive hydrocarbons as they migrate upward through the Earth's underground.  Seismic data is based on traditional geological measurement of sound waves through the Earth's crust.

Based on his initial review of the seismic, Mr. Dunbar believes that the previous reserve projections may have been severely understated.  "In comparing the Rush Valley Prospect to Covenent Field, a thicker Mississippian shale source bed should be present, since the Mississippian shale thickens westward from approximately 1000 feet at Covenent to 7000 feet in Central Nevada.   Vertical migration of hydrocarbon from the Mississippian is believed to be the reason for the Navaho accumulation at Covenent.  Also the Navaho section at Rush Valley should be thicker and is expected to be approximately 1500 feet.  Therefore, the 10 to 15 million barrels of oil reserve per well on 80 acre spacing at Covenent may be quite conservative when applied to Rush Valley," stated Robert Dunbar.  "Depths may be roughly calculated by applying a factor or 7 times the seismic time in milliseconds.  Example – one second or a time of 1000 milliseconds times 7 equals 7000 feet."

The "Covenant Field" prospect that Mr. Dunbar points to in his comparison refers to the Central Utah prospect developed by Wolverine Oil commencing in 2006.  That prospect is producing an estimated 12,000 barrels of crude daily in Sevier County, Utah.  The Company plans to release follow-ups to Mr. Dunbar's analysis of the seismic data, and has already released independent seismic reports and recent testimonials from independent sources concerning Thrust Resources' success rate in accurately predicting reserves, or just as importantly, the lack of reserves on prospects throughout the contiguous geographic area.

"We are happy to report that after weighing in with this new seismic data, our Utah holdings may have been understated and our reserves could be substantially greater than anticipated," stated Proper Power & Energy President, Joseph E. Abdo, commenting on the seismic report

[greengiant]

Company Overview
Proper Power and Energy, Inc. (OTCBB: PPWE)
Proper Power and Energy, Inc. has put together an 11,000+ acre major lease prospect in Utah with room for over 75 wells. The company believes the property holds more than 2 Billion barrels recoverable.

They will only explore prospects where the geologic target formations are known to produce oil and gas in geographically separate, but analogous, fields. They will only drill where the radiometrics tell them commercial hydrocarbons are present.

To further understand their strategy, it is important to know the difference between developmental and exploratory drilling. Exploratory wells are attempts to find new oil and gas fields, whereas development wells expand or more fully tap into a known oil or gas reservoirs.

Since Proper Power and Energy, Inc. has the appropriate technology, they will explore. In time, their technology may become the industry standard, and the word "wildcat" may apply to non-radiometrcially surveyed drilling. All of their prospects are classified as exploratory in nature, but they are not "wildcat" since they have the radiometrics data advantage. Their prospects are separated geographically from existing oil and gas production, but they are not always separated geologically or radiologically. Therein lays the difference from "wildcatting."

With reserve prices going higher, the economics of exploration with radiometrics are compelling. The company is reducing the finding costs and everything associated with the actual drilling and the completion risks. While there is a higher drilling risk associated with an exploratory well than with a development well, the reward potential with a successful exploratory well far exceeds the upside of any developmental well.

The Company geophysicist, Robert Dunbar, has commenced his initial review of the seismic data recently acquired by the Company. Mr. Dunbar has compared the initial data with his previously completed Radiometerics Plus results in the Tooele County claim. As a result, he has contacted the seismic source provider and has requested additional information and clarification regarding the actual mathematical readings in order to be better able to conclude his report.

According to Dunbar, the initial findings appear to be very encouraging and exciting. The study range area includes 11,000 acres in Rush Valley. Although he is not yet prepared to sign off on the completed study, Dunbar believes that he will be prepared to opine as to the approximate locations of the best and highest pay zones and quantities within three weeks.

Last May, the Company sent representatives to Utah to interview potential drilling companies and met with a prominent Tooele County longtime drilling group and obtained a general idea of the budgetary requirements to commence drilling the first two wells in the claim. The Company has also established contacts with local oil and gas consulting firms and will retain one to be the face and local presence for Proper Power in Utah. The local consultants will interact with Proper Power management and Robert Dunbar on all facets of operations in the State which the Company feels is an important resource tool to maintain.

http://www.properpower.com/aboutus.cfm

[greengiant]

Business Summary
Proper Power and Energy, Inc. operates as an oil and gas exploration and production company primarily in the United States. It focuses on utilizing a system of research and testing, and selected various sites with potential for productivity. The company's scientific engineer approach is termed as radiometric. Its prospects are classified as exploratory in nature, but these are not 'wildcat' (oil wells drilled in areas not known to be oil fields) since it uses radiometric data advantage, a technology based methodology. The company was formerly known as Ivecon, Inc. and changed its name to Proper Power and Energy, Inc. in May 2009. Proper Power and Energy, Inc. was founded in 2000 and is based in Tampa, Florida.
http://www.properpower.com/

[STOCKSEEKER]

Good evening all, I see PPWE came with another news release after the bell today. Looks like this company is on the right track to be a great long term stock. Imo with oil being up 18% these past few months this is the sector we want to be in.This could be a crucial buying time for PPWE. It has been a slow week with many equities coming off their lows, but now could be a great entrance opportunity for a stock in the oil and gas sector.  I  think this one is going to be a wildcat in the morning. Huge volume brings in huge gains!! I dont think anyone wants to miss out on this one. Remember to take you profits people all pigs will be slaughtered. Heres the latest news..

 

Proper Power & Energy Discusses Shareholder Dividend

TAMPA, Fla., June 30, 2010 /PRNewswire via COMTEX/ -- Proper Power & Energy, Inc. (OTC Bulletin Board: PPWE) announced today that in a move to maintain shareholder confidence, the board has called a meeting for Thursday, July 1st, at the office of Proper Power to discuss possible plans for the issuance of a stock dividend to its shareholders. Once the terms and structure of this dividend is set and agreed upon, Proper Power will release a statement outlining this issuance.

"Proper Power has been hard at work taking all of the necessary steps that it feels are needed to succeed as a productive oil and gas company. We realize that a large part of our success will be a direct result of our ongoing investor support. Identifying the importance of shareholder confidence is yet another step we must take. A stock dividend for shareholders could be a great way to demonstrate our support for them," said Joseph Abdo, President, Proper Power & Energy.

About Proper Power & Energy:

Proper Power & Energy was formed in 2006 as an exploration and production company for oil and gas. The organization is committed to utilizing a very dynamic system of research and testing, and as a result of this extensive research and testing, have selected several sites with very good to excellent potential for productivity

[greengiant]

 Proper Power & Energy Provides Shareholder Update" 


PPWE could be a long term winner with this big news announcement.PPWE NEWS

Proper Power & Energy, Inc. announced today before the opening  that they provided shareholders with a corporate update.

The Company has based its petroleum reserve projections of its leased mineral rights on the RMP method and subsequent historic seismic data readings.   

With oil on the rise, up over 20% in past few month, this is the sector you want to be in!
This may just be the beginning for PPWE...make sure it's on your watch-list, could be a big rally this week as the news spreads.

[greengiant]

PPWE - 11.24% Yesterday
Last Trade @ 0.15 Below the MA20@ 0.18
In the last 120 Days of Trading it PPWE Closed out
Only Once Below 0.15 @ 0.14 IMO We Cud See
An Early Rally To Test 0.18 with a strong Possibility to Push thru to 0.20
For a 25% + Gain
News After The Close ( Proper Power & Energy Provides Shareholder Update http://yhoo.it/cbW8pU )
Should Bring a lot of Attention To PPWE
Charts Are Showing PPWE is Primed To Go ( Chart Link http://bit.ly/ahRCLp )
Bullish Cross Over Signal in MAC -D line
For More Information On PPWE Visit Their Web Site @ http://www.properpower.com
PPWE"Featured Report" http://bit.ly/cXSi8k

[STOCKSEEKER]

PPWE! Keep watching this one. Imo theres much more coming from this company. If you look at this past few weeks on the company there has been alot of volume. As we all know Volume proceeds price, So I think were going to see some nice gains in the very near future. Also dont forget about the share holder meeting. They still havent commented on that yet! So I would def keep this one on the watch list. Remember Utah has some extremely large oil and natural gas fields and Propower has 11,000 acres there. They are estimating 12,000 barrels of oil per day. The best thing is that oil always has a buyer which in turn means more revenue for the company and the higher our shares go!!!

[greengiant]

PPWE-CLICK HERE TO WATCH VIDEO CHART

http://www.screencast.com/users/OTCReporter/folders/OTCReporter/media/026ee484-5 994-49b7-b7cb-b2dee1908f69

[STOCKSEEKER]

Great video chart!! This is the time to get into this one. I am seeing this one everywhere and there all saying the same thing!! Rumors of news... If it comes this one is going to explode like MT. Vesuvious!!!

[mickymoose99]

Proper Power & Energy Announces Meeting to Discuss Drilling Timeline
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Companies:Proper Power and Energy, Inc..Related Quotes
Symbol Price Change
PPWE.OB 0.12 +0.00


{"s" : "ppwe.ob","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Press Release Source: Proper Power & Energy, Inc. On Monday July 19, 2010, 4:00 pm EDT
TAMPA, Fla., July 19 /PRNewswire-FirstCall/ -- Proper Power & Energy, Inc. (OTC Bulletin Board:PPWE.ob - News) announced today that a meeting will be held at the offices of Proper Power & Energy to discuss the Company's progress as it relates to a recent initiative set forth for financing its projects in Utah.  This will be the second round of meetings in the past two months to address raising capital. Two private funding sources have agreed to return with the expectations of all parties agreeing on a financing structure that would help Proper Power begin drilling in 2010.

"This meeting should give the Company a clear direction as to a definitive timeline for when we can commence drilling," stated Joseph Abdo, Proper Power CEO.  "We will keep shareholders informed as to the Company's progress throughout the summer."

About Proper Power & Energy:

Proper Power & Energy was formed in 2006 as an exploration and production company for oil and gas.  The organization is committed to utilizing a very dynamic system of research and testing, and as a result of this extensive research and testing, have selected several sites with very good to excellent potential for productivity.