PPWE - Proper Power

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Proper Power & Energy Announces Meeting to Discuss Drilling Timeline
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Companies:Proper Power and Energy, Inc..Related Quotes
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PPWE.OB 0.12 +0.00


{"s" : "ppwe.ob","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00", "o" : "","j" : ""} Press Release Source: Proper Power & Energy, Inc. On Monday July 19, 2010, 4:00 pm EDT
TAMPA, Fla., July 19 /PRNewswire-FirstCall/ -- Proper Power & Energy, Inc. (OTC Bulletin Board:PPWE.ob - News) announced today that a meeting will be held at the offices of Proper Power & Energy to discuss the Company's progress as it relates to a recent initiative set forth for financing its projects in Utah. This will be the second round of meetings in the past two months to address raising capital. Two private funding sources have agreed to return with the expectations of all parties agreeing on a financing structure that would help Proper Power begin drilling in 2010.

"This meeting should give the Company a clear direction as to a definitive timeline for when we can commence drilling," stated Joseph Abdo, Proper Power CEO. "We will keep shareholders informed as to the Company's progress throughout the summer."

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.