AUSTIN, TX, June 1, 2010 -- United States Oil and Gas Corp (PINKSHEETS: USOG) announced that it posted a gross profit of $737,000 and net income of $137,000 for the first quarter of 2010, on revenues of $5.6 million from the sale of refined fuels and other service activity.
United States Oil and Gas Corp closed at $0.0063 Friday, trading 9,519,940 shares.
United States Oil and Gas Corp Reports Profitable Start to 2010
About United States Oil and Gas Corp
United States Oil and Gas Corp is focused on acquiring and growing domestic oil and gas services companies. The Company targets small to mid size family-run businesses with historically profitable results, strong balance sheets, high profit margins, and solid management teams in place. Its subsidiary Turnbull, which had revenues of $14 million in 2009, was founded in 1965. The Company owns all of the facilities and equipment it uses at its locations in Plainville, Utica, and Palco, Kansas. USOG's subsidiary United was founded in 2003, and sells and distributes refined oil and gas products throughout North Dakota as well as regions of South Dakota and Montana. The Company owns and operates a convenience store in Belcourt, and holds approximately six acres of developable land located in Bottineau, North Dakota. For more information please visit the Company's website at usaoilandgas.com.
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HOUSTON, TX, June 1, 2010 -- OMDA Oil and Gas, Inc. (PINKSHEETS: OOAG) announces the retirement of 12 million common shares of its stock, representing nearly 5% of the entire company's outstanding shares.
OMDA Oil and Gas, Inc. closed at $0.03 Friday, trading 7,037,988 shares.
OMDA Oil and Gas, Inc. to Retire 12 Million Common Shares and Reduce Its Outstanding Shares by Nearly 5%
About OMDA Oil and Gas, Inc.
OMDA Oil and Gas, Inc. and its wholly owned subsidiaries, OMDA Oil & Gas Management, Inc. and Texas OMDA Drilling & Operating, Inc. and OMDA Oil & Gas, Inc. (Texas), are in the business of oil and gas production and lease acquisition.
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-------------------------------------------Please Note: All news contained herein has been previously issued by the companies mentioned in this release, and is the property of each company, respectively. All news is edited for content. The companies that are discussed in this opinion have not approved the statements made in this opinion.
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