US Natural Gas Corp (UNGS)

[captainvalue]

got in on this one when it was still Wilon Resources and haven't left since . Anyone else been following this one? been quiet lately but from what i understand the merger should be complete by mid-month....i will post the description and chart (if i can) with relevant links in following posts...

[captainvalue]

here is the company description take from its google finance profile: US Natural Gas Corp.: OTC:UNGS quotes & news - Google Finance

US Natural Gas Corp (US Natural Gas), formerly Adventure Energy, Inc., is an independent oil and natural gas company. The Company is engaged in exploration, development and production activities in the Appalachian Basin, particularly in Kentucky and West Virginia. In September 2009, the Company acquired SLMI Options, LLC. On February 9, 2010, Wilon Resources, Inc. (Wilon), a wholly owned subsidiary of the Company, merged with and into Wilon Resources of Tennessee, Inc. (WRT). Effective May 28, 2010, the Company acquired Wilon Resources, Inc.

website for UNGS: US Natural Gas Corp
going to keep my eye on this one for when the merger is finalized (with the resulting spike)

[captainvalue]

pps up 51% today!!!!!!!! at .017 from .05 at the start of the day..took some solid profit
anyone else following?

[captainvalue]

just saw the company's news release. Here is the link to the news release (i will post the text from the article in the following post in case the link fails to open): http://www.prnewswire.com/news-relea...-98310319.html

They've also completely revamped their website (much more informative than before): US Natural Gas Corp

[captainvalue]

here is the text for the article:

US Natural Gas Corp Retains Investor Relations Firm Del Mar Corporate Consulting, LLC


Company Launches New Website

ST. PETERSBURG, Fla., July 13 /PRNewswire-FirstCall/ -- US Natural Gas Corp (OTC Bulletin Board: UNGS), an energy exploration company with operations in the Appalachian Basin is pleased to announce that it has retained the services of Del Mar Corporate Consulting, LLC as the Company's Investor Relations firm. In addition, the Company recently launched a new corporate website to better highlight its operations and offer visitors streamlined navigation to quickly and easily locate the information they need.

Del Mar Corporate Consulting is a full service financial market awareness firm that specializes in assisting small & mid-cap companies by improving shareholder value through media management, broker relations, corporate communications, and investor awareness.

Brian Hill, Managing Partner with Del Mar Corporate Consulting, stated "We are very pleased to have this opportunity to represent US Natural Gas Corp. Operating in the oil and gas sector, we believe US Natural Gas Corp offers a tremendous opportunity to investors, especially within our current macro-economic climate."

"We selected Del Mar Corporate Consulting, LLC as our investor relations firm because of its expertise in shareholder communications and the relationships they have developed within the investment community," stated Wayne Anderson, President of US Natural Gas Corp. "We look forward to working with Del Mar Corporate Consulting to establish a more effective and transparent communications channel with the investment community."

About US Natural Gas Corp

US Natural Gas Corp is an independent energy company principally engaged in the acquisition, exploration and development of mature long-lived oil and natural gas properties. The company's current operations are concentrated in the Appalachian Basin within the states of Kentucky and West Virginia. US Natural Gas Corp

Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company. Additional risks and uncertainties are set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2009.

SOURCE US Natural Gas Corp
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US Natural Gas Corp

anyone have any other news on the company/direction its going in??

[captainvalue]

at .079 up 21.5% from the start of the day another great day for taking some profit...doubled up mid day....now all i can do is wait!!!!! hoping it keeps going in the right direction

[captainvalue]

doing some research on this one- pps has been up about 196% since the beginning of July. Take a look at the one month price chart on google or yahoo finance: US Natural Gas Corp.: OTC:UNGS quotes & news - Google Finance
7/1/10 pps= .03
7/19/10 pps= .094
hoping that it continues to follow a similar trajectory

[JGygli]

Originally Posted by captainvalue

doing some research on this one- pps has been up about 196% since the beginning of July. Take a look at the one month price chart on google or yahoo finance: US Natural Gas Corp.: OTC:UNGS quotes & news - Google Finance
7/1/10 pps= .03
7/19/10 pps= .094
hoping that it continues to follow a similar trajectory

I am currebtly looking at this myself. Looks good and a low floater!

[captainvalue]

Originally Posted by JGygli

I am currebtly looking at this myself. Looks good and a low floater!

are you still in this/did you end up building a position? im waiting on them to release earnings news so that I can take advantage of a spike..although i have been seeing great movement with this one of late.
Take a look at their news release they just came out with: http://www.prnewswire.com/news-relea...-98914889.html

I will post the text from the article in the following post in case the link doesn't open. It's good to see them taking steps in the right direction by adding to their portfolio of producing wells and leaseholds..as long as they keep adding to their network of leaseholds, we are bound to see sustained growth going forward. volume is the name of the game here in my opinion.

[captainvalue]

NEWS RELEASE:

US Natural Gas Corp Acquires 220 Acres of Leaseholds and Eleven Previously Drilled Wells in Hart County, Kentucky


US Natural Gas Corp KY to Initiate Rework Projects

ST. PETERSBURG, Fla., July 21 /PRNewswire-FirstCall/ -- US Natural Gas Corp (OTC Bulletin Board: UNGS), an energy exploration company with operations in the Appalachian Basin is pleased to announce that it has recently acquired two leaseholds totaling approximately 220 acres of mineral rights in Hart County, Kentucky. Included on these two leases are two producing wells and nine wellbores ranging from 800-1900 feet in total depth.

Through its wholly owned subsidiary, US Natural Gas Corp KY, the Company plans to initiate the rework and completion of five of the wellbores after e-logs and down hold camera evaluations are completed. Two of the acquired wells are currently in production and produce on average 1-2 BOD. The Company has sold the initial production from these wells since the closing of the transaction. The Company maintains on average a 90 percent working interest in each of the wells.

"We are excited to add to our leasehold base and producing properties in Kentucky," stated Wayne Anderson, President of US Natural Gas Corp. "The acquisition related costs and capital expenditures required to place the wells into production provide an attractive rate of return for the Company. We will continue to actively seek to acquire and develop additional oil properties in Kentucky."

About US Natural Gas Corp

US Natural Gas Corp is an independent energy company principally engaged in the acquisition, exploration and development of mature long-lived oil and natural gas properties. The company's current operations are concentrated in the Appalachian Basin within the states of Kentucky and West Virginia. US Natural Gas Corp

Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company. Additional risks and uncertainties are set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2009.