Company SnapShot
Stock Symbol:
USOG
Ask:
$N/A
Bid:
$N/A
Last Trade:
Jul 30 - 0.0015
Recent Price:
$0.0015
Volume:
30,709,278
Market Cap:
N/A
Company News

United States Oil and Gas Corp. (USOG) acquires and drives the growth of profitable small to mid-sized oil & gas services companies with strong revenue, proven management and established market share. USOG also develops innovative proprietary oil & gas exploration and extraction technologies that can increase production while minimizing environmental impact. In May 2009 USOG acquired Kansas-based Turnbull Oil, a profitable, family run oil and gas distributor with a 44 year track record. Wholly owned Turnbull Oil generated $16.5 million in revenue and $447,000 in EBITDA in fiscal year 2008. USOG reported strong financial performance for the quarter ended September 30, 2009 with Turnbull Oil generating $3,500,000 in sales revenue and $591,000 in net profit. USOG has announced the acquisition of a second revenue-positive oil and gas services company expected to close by year-end.



 

We are excited to bring you the latest Stock pick. USOG enables investors to buy into companies not usually available to public markets. USOG acquires stable, salt-of-the-earth, tightly held, revenue-positive oil and gas services companies with substantial sales, established customer bases and experienced management teams. Newly acquired Turnbull is a profitable $16.5 million oil and gas distribution company with 300+ customers. It has grown steadily since 1965, most recently posting a 29% sales increase and net profit of $591,000 in Q3 2009. The next acquisition is slated to close this quarter. This is the kind of opportunity and timing small cap insiders look for, and we are thrilled to bring it to you first!