United States Oil & Gas Corp (USOG) CEO Speaks
Online, May 27, 2010 (Newswire.com) - Carson City, NV-- United States Oil and Gas Corp (Pinksheets:USOG), an oil and gas products, services and technology company is making its mark on the oil and gas industry in the U.S. Chairman and CEO Alex Tawse, is happy with progress made. Here are a few points he commented on.
On Turnbull Oil, USOG's first acquisition, Tawse commented, "Based on a solid foundation built on three decades of success delivered by the team at Turnbull, we are confident in our growth plan as we scale up operations and improve efficiencies across our subsidiaries."
On goals and growth, within USOG and its subsidiaries, "it is critical for us to continue to meet customer needs, and grow market share. We believe that the prudent use of our capital resources will help us best serve our customers and stockholders, particularly in an improving economic environment. We believe that this new truck and the possible addition of another tanker in the near term will allow us to pursue more hauling for hire and brokerage of both fuel and propane to new customers."
Recently USOG obtained a US Patent for its Simple Fiber Optic Seismometer for Harsh Environments, which will make measuring of the ocean floor more reliable and cheaper, Tawse commented , "we hope this intellectual property will facilitate the successful development and commercialization of techniques and devices enabling greener exploration and production; ones that minimize the environmental footprint of drilling activity. We intend to investigate the development or licensing of this technology."
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United States Oil & Gas Corp. (Other OTC: USOG), RightSmile, Inc. (OTCBB:RIGH), Encounter Technologies Inc. (OTCBB:ENTI), QUASAR AEROSPACE INDUS (PINK:QASP), Herborium Group, Inc. (OTCBB:HBRM), THERMA-MED INC (PINK:THRA), TRUSTCASH HOLDINGS INC (PINK:TCHH)
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