I’m Christina Collins with CRWE Newswire — Today’s company highlight is Proper Power & Energy, Inc. trading with the symbol PPWE — Proper Power & Energy is an independent exploration and production company— To further understand the company’s 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 known oil or gas reservoirs — Since Proper Power & Energy has the appropriate technology, they will explore — In time, its technology may become the industry standard, and the word wildcat may apply to non-radiometrcially surveyed drilling — All of its prospects are classified as exploratory in nature, but they are not wildcat, since they have the radiometrics data advantage — the company’s 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 — Proper Power & Energy 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 — Proper Power & Energy recently reported that it has begun production on its Kentucky oil asset, in addition to the 11,000 acres leased for its exploratory prospect in Utah — The Utah prospect has the potential for over 75 wells — The Company believes the Utah property holds very substantial recoverable reserves, indicated through seismic and radiometric analysis — Renowned geophysicist and consultant to Proper Power, Robert Dunbar, believes the Utah prospect could hold up to one billion barrels of recoverable oil — More about Proper Power & Energy, Inc. symbol PPWE can be found by visiting www.properpower.com — I’m Christina Collins with CRWE Newswire
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. crwenewswire.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers.Our disclaimer (Read more at http://www.crwenewswire.com/disclaimer) is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold crwenewswire.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period. Crown Equity Holdings Inc. (CRWE.OB) anticipates receiving 1,000,000 shares of free trading shares from a third party (Mohamad Nehmeh) for two (2) weeks of advertisment services for Proper Power & Energy, Inc. (PPWE.OB).