New Proper Power Personnel Review Radiometrics and Seismic Data
TAMPA, Fla., May 27 /PRNewswire-FirstCall/ -- Proper Power and Energy's new Chief Production Advisor, Tanel Rashid has commenced his review of the Company's (OTC Bulletin Board: PPWE) internal Radiometrics and seismic data of the Company's 11,000 acre oil and gas leases in Tooele County, Utah.
Mr. Rashid met with Proper Power's lead geophysicist, Robert Dunbar, in Houston, TX to review the Radiometrics and seismic data of the Rush Valley leases. Rashid was recently named the Company's Chief Production Advisor and provides over forty (40) years hands on experience with oil and gas development projects. In 2001, Mr. Rashid served as project manager for Qatar Petroleum/Chevron Philips' Chem 2 feasibility study in Qatar as well as supervising the Kern River onshore pipeline project for Mid American Energy Holding Company.
"Clearly the Rush Valley prospects data reveal promising potential for Proper Power," said Rashid. "Especially given the current market conditions for crude production, the central Utah play is a very attractive area to start with," he continued.
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.
Safe Harbor Statement:
Certain statements made in this press release constitute forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. All forward-looking statements speak only as of the date of this press release and the company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.
Contact Information |
|
Corporate: Nicole Propp |
|
Investor Contact: Daniel Conway |
|
DC Consulting, LLC |
|
(407) 792-3332 |
|
SOURCE Proper Power & Energy, Inc.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article