ICEQUITY
13 years ago
UHO UNITED HUNTER OIL & GAS CORP. ANNOUNCES SUCCESSFUL RE-COMPLETION OF CANADIAN WELLS AND DEFINITIVE AGREEMENT WITH THE EQUITIES GROUP INC. FOR MEDIA SERVICES
(TSXV Symbol: UHO)
TORONTO, Jan. 19 /CNW/ - United Hunter Oil & Gas Corp. (UHO) (TSXV - UHO) is pleased to announce the successful re-completion of the first two wells planned for its Canadian well re-completion program previously announced on November 9th, 2010. The third well re-completion is awaiting the availability of equipment.
The first re-completed well was at Atlee Buffalo, Alberta within the Mannville G oil pool on a section of land in which UHO has 95% interest. During 9 days of swabbing oil was recovered and plans are currently underway to build a battery for production. Successful long term production could lead to the re-completion of 9 additional suspended and abandoned wells on this property.
The second re-completed well was within the Wabamun formation D-1A oil pool in the Leduc Woodbend area, of Alberta. A very short swab test recovered light 41o API oil and plans are currently underway to tie in this well to existing infrastructure for production evaluation. The proposed third well to re-complete will also be within this pool. As per the new release dated November 9th, 2010 UHO has a farmin agreement with MEC Operating Company ULC ("MEC") on 2560 acres consisting of four contiguous sections; there are more than 25 suspended wells that could potentially be re-entered.
UHO is also pleased to announce that further to its ongoing commitment to comply with TSX Venture Exchange continuous disclosure obligations it has, effective December 1, 2010, entered into a definitive agreement with "The Equities Group, Inc.". The agreement is subject to TSXV approval. The Equities Group, Inc. is a global financial media network with www.equities.com being its flagship brand. The company is based in Las Vegas, Nevada. The Equities Group, Inc. will perform media and related services to and for UHO including, but not limited to creating a premium listed profile and social media newsroom in The Equities Group Global Listing exchange, disseminate UHO news and content through The Equities Group network of reporters, journalists and editors and create a UHO profile video.
The terms of the agreement are US$20,000 payable upon execution of the agreement and US$10,000 payable on the 1st day of each month beginning January 1, 2011 through to August 1st, 2011 for total cash payments of $100,000. The initial term of this agreement is for 1 year and may be terminated by either party by providing 60 day notice.
UHO also clarifies that EAM an investor relations company previously engaged by UHO and based in Toronto, Ontario was, as part of their agreement dated May 12, 2010, granted options to purchase 1,000,000 common shares of UHO at an exercise price of $0.15 per share, vesting 1/3 per year over three years and with a five year expiration, terms described in the news release of May 12, 2010. No monetary compensation is payable to EAM. The grant of options to EAM remains subject to TSXV approval.
Additionally, the following individuals were granted stock options pursuant to UHO's existing stock option plan: Mr. Bill Smith will be granted 400,000 options and Carol Florence, AICP will be granted 250,000 options. All option grants are subject to regulatory approval and have an exercise price of $0.15 per share. The options will expire five years from the date of grant and will vest 1/3 per year for 3 years with the first 1/3 vesting upon grant. Mr. Bill Smith is the current financial controller for UHO. Carol Florence is a consultant working for UHO's joint venture company Excelaron. Carol Florence is a principle of Oasis Associates Inc, located in San Luis Obispo, California and has been the lead in the permitting for the Huasna Project.
United Hunter Oil & Gas Corp. (www.unitedhunteroil.com) is a Canadian based corporation with management very experienced in the oil and gas industry and has projects in California and Canada. United Hunter Corp is publicly traded on TSX Venture Exchange (TSX-V: UHO). The Corporation's public filings may be found at http://www.sedar.com.
Certain statements contained in this press release constitute "forward-looking statements" as such term is used in applicable Canadian and US securities laws. These statements relate to analyses and other information that are based upon forecasts of future results, estimates of amounts not yet determinable and assumptions of management.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or are not statements of historical fact and should be viewed as "forward-looking statements". Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, costs and timing of exploration and production development, availability of capital to fund exploration and production development; political, social and other risks inherent in carrying on business in a foreign jurisdiction, the effects of a recessionary economy and such other business risks as discussed herein and other publicly filed disclosure documents. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release.
Forward-looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made and the Corporation undertakes no obligation to update forward-looking statements and if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law.
This news release contains forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. When used herein, words such as "intended" and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on assumptions by and information available to the Corporation. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Actual results may differ materially from those currently anticipated. The forward-looking statements contained herein are expressly qualified by this cautionary statement.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The TSX.V Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For further information:
Dr. Arthur Halleran
CEO
(403) 667-4941
ahalleran@unitedhunteroil.com
Scott Koyich, President
Brisco Capital Partners
(403) 262-9888
skoyich@briscocapital.com
or
Graeme Dick, BMgmt
Brisco Capital Partners
(403) 561-8989
graeme@briscocapital.com
http://www.newswire.ca/en/releases/archive/January2011/19/c3800.htm
ICEQUITY
13 years ago
HUNTER OIL AND GAS CORP (UHO)- Excelaron LLC, Huasana New Joint Venture Site!
http://www.excelaronhuasna.com/
Excelaron LLC, Huasna was formed by a group of investors in Australia (Australian Oil Company; www.austrailianoilcompany.com) in 2006 for the purpose of exploration and production of wells on the existing California Division of Oil, Gas & Geothermal Resources (CDOGGR) Huasna Oil Field.
In March of 2010, Vesta Capital Corp. (now United Hunter Oil and Gas Corp.) invested in the Excelaron Huasna project. The principals of both companies have more than 100 years of experience and work in the industry. Principals at United Hunter Oil & Gas Corp. have discovered and produced some of the largest oil discoveries in the world.
Excelaron, LLC has proposed a small drilling evaluation and production project in the Huasna Valley. The project is proposed on private property within the boundaries of an existing oilfield. The proposed project will have a very minimal footprint, and will utilize existing roads and well pads. Excelaron is currently working with the County to have an independent third party consultant complete a full Environmental Impact Report (EIR).
Drilling site in hills behind Mankin's Ranch.
Due to the evaluation nature of the project, several project phases have been developed to provide a more methodical framework to better assess the project at any given stage in the process.
http://www.excelaronhuasna.com/content/huasna_project
C. M. Florence
AICP
3427 Miguelito Court
San Luis Obispo, CA 93401
(805) 541-4509
Role:
Principal Planner and Regulatory Liaison
Experience:
For over 30 years, Ms. Florence has been involved in numerous aspects of the land planning profession for a variety of projects (e.g., oil exploration/production, solid waste facilities, sand and gravel mines, commercial, retail and residential subdivisions). During that time, she has gained a reputation for providing a disciplined and holistic approach to problem solving based on a thorough knowledge of site and land use planning, engineering and construction, environmental assessment and design. Based upon her ever-expanding technical background and skills, Ms. Florence has successfully represented clients during sensitive negotiations for the permitting of controversial projects. Her ability to coordinate and manage challenging projects and a diversity of consultants has proved invaluable to insure project compliance with federal, state and local regulatory requirements and associated governing bodies, and as importantly, to obtain community consensus.
Michael F. Cannon, P.E.
CANNON
1050 Southwood Drive
San Luis Obispo, CA 93401
(805) 544-7407
Role:
Consulting Civil Engineer – prepared Facilities Engineering Report, designed and engineered all roadway access and well pad locations.
Experience:
Michael F. Cannon is president and managing principal of Cannon, a multi-disciplinary consulting firm providing solutions to clients in oil, gas, and power generation; residential and commercial development; education; infrastructure; streets and highways; water resources; aerospace and defense, Mr. Cannon manages staff including registered civil, mechanical, and structural engineers; certified land-use planners, licensed land surveyors and landscape architects; and instrumentation and electrical engineers. Today, Cannon has offices in San Luis Obispo, Santa Maria, Santa Monica and Bakersfield, California.
Mr. Cannon is the Past President of the Society of Petroleum Engineers; Past President of the American Society of Civil Engineers – San Luis Obispo Chapter, and Past Chair of the Board of Directors for the Economic Vitality Corporation. He is a member of the Industrial Advisory Board for the College of Engineering and the BioResource and Agricultural Engineering Department at Cal Poly, and holds memberships with the National Society of Professional Engineers and the American Consulting Engineers Council. He is a member of the San Luis Obispo County Air Transportation Alliance, Membership Chair for the American Public Works Association, past member of the San Luis Obispo Children’s Museum Board (and financial sponsor), past member of the Cal Poly Foundation for the Performing Arts Center Board; and a donor/sponsor for French Hospital, and Big Brothers Big Sisters of San Luis Obispo County. Mr. Cannon was the recipient of Cal Poly’s College of Engineering Medallion Award.
Timothy S. Cleath, Principal Hydrogeologist, Geologist, HG 81, CEG 1102, RG 3675
CLEATH-HARRIS GEOLOGISTS, INC.
11545 Los Osos Valley Road, Suite C-3
San Luis Obispo, CA 93405
(805) 543-1413
Role:
Consulting Hydrogeologist – Prepared Water Resource Analysis
Experience:
Ground Water Basin Management: Water rights, hydrologic inventories, safe yield estimates, water conservation methods, basin yield optimization, institutional approaches, water quality monitoring.
Studies and Investigations: Feasibility, environmental impact, hydrogeologic, basin yield availability, ground water contamination, hazardous waste site assessment.
Design and Construction Management Services for Water Wells: Site evaluation, preliminary designs, engineer’s cost estimates, contract and specifications documents, monitor work progress and contractual compliance, record drawing.
Field Exploration: Pumping tests, drilling programs, geophysical surveys, fluid level measurements, ground water sampling, geologic mapping.
Geotechnical Investigations: Sea cliff retreat estimates, seismic hazard assessments, subsidence assessment and mitigation, shrink-swell phenomena, landslide studies, dam siting.
David Dubbink, Ph.D. AICP
DAVID DUBBINK ASSOCIATES
864 Osos Street, Suite D
San Luis Obispo, CA 93401
(805) 541-5325
Role:
Dr. Dubbink provided an acoustic assessment for the Huasna project. He then prepared a peer review of a study prepared by Dr. David Lord for the Huasna Valley Association (There was general agreement between the studies).
Experience:
Dr. Dubbink holds a Master’s degree in urban planning from UC Berkeley as well as a Doctorate in environmental management from UCLA. He manages a consulting firm dealing with noise management issues and is a professor emeritus at Cal Poly State University. The client list for his firm includes the Federal Aviation Administration, all branches of the US military, the Federal Highway Administration and the National Park Service. He has assisted on projects for numerous public agencies and consulting firms in the US and abroad. He has been a regular contributor to the technical literature on community noise analysis. The California High Speed Rail Authority is a current client.
Dennis Shallenberger, P.E, G.E.
EARTH SYSTEMS PACIFIC
4378 Santa Fe Road
San Luis Obispo, CA 93401
(805) 544-3276
Role:
Earth Systems Pacific conducted a geologic hazards study for the project. The study was based upon a review of geologic maps and literature, a site reconnaissance, and geologic evaluation of the information obtained. The general geologic characteristics in the proposed improvement areas were described, existing and potential geologic hazards were identified, and impacts that the geologic conditions may have upon the project were discussed. The report presented information regarding the geologic units underlying the site, the geologic structure, and seismicity. The areas slated for improvements were assessed with respect to such geologic hazards as slope instability, erosion, landslides, expansive soils, naturally occurring asbestos, naturally occurring radon gas. Seismically-induced hazards were also evaluated, including the potentials for strong ground-shaking, ground rupture, liquefaction, lateral spreading, and settlement. The study was conducted as a collaboration between Dennis Shallenberger, P.E., G.E., and Richard T. Gorman, C.E.G. Both are principals of Earth Systems Pacific, with over 30 years of experience each in their respective fields.
Experience:
President of Earth Systems Pacific. A registered professional engineer in the states of California and Nevada, and a registered geotechnical engineer in California with over 30 years of experience in the geotechnical field, Mr. Shallenberger is head of the geotechnical engineering department of Earth Systems Pacific. His project experience includes the $300 million Poly Canyon Village Student Housing Project at Cal Poly, the Chumash Indian Casino and Resort in Santa Ynez, and the Bacara Resort in Santa Barbara. His education consists of a bachelor’s degree in geology from the University of Montana at Missoula and a Master of Science degree in civil engineering with a geotechnical specialty from California State University, Long Beach. Mr. Shallenberger taught senior level courses in soil mechanics and foundation design for more than 20 years at California Polytechnic University, San Luis Obispo. He is a member of the American Society of Civil Engineers and a fellow of the Institute for Advancement of Engineering. He is a former member of the Division of the State Architect Advisory Board, and is a member of the Inspection and Testing Committee of that Board. He formerly chaired and vice-chaired that committee. Currently, he serves as a member on the County of San Luis Obispo’s recently formed countywide Hydromodification Technical Advisory Committee, which was established to develop policies relative to such issues as on-site storm water retention. Mr. Shallenberger has been employed with the Earth Systems companies since 1984.
Richard T. Gorman, Chief Engineering Geologist
EARTH SYSTEMS PACIFIC
4378 Santa Fe Road
San Luis Obispo, CA 93401
Experience:
Mr. Gorman is a Registered Geologist and Certified Engineering Geologist. He is head of the engineering geology department at Earth Systems Pacific. With over 30 years of experience in the geological field and over 22 years of experience in San Luis Obispo County, he is intimately familiar with the geology of central California. He is responsible for geologic investigations project inception, field investigation, data analysis, to final compilation and issuance of the completed report, as well as post-study consultation. He has conducted numerous large-scale geologic investigations involving site specific studies of seismicity, geologic hazard, landslides, faults, and coastal bluff retreat, as well as small-scale studies for single-family residences. He has provided evaluation of landslides for Cal Poly, Chevron Pipeline Company, Unocal, AT&T, San Luis Coastal Unified School District, and the County of San Luis Obispo. The Route 68 realignment between Salinas and Monterey, the Chorro Valley Water Transmission Line, and the Pismo Beach Bluff Erosion Study are among his major projects. Mr. Gorman received his Bachelor of Science degree in Geology from California Polytechnic State University at Pomona. He is a member of the Association of Engineering Geologists and the Geologic Society of America.
Deborah Jones. M.A. Anthropology/Archaeology
FAR WESTERN ANTROPOLOGICAL RESEARCH GROUP, INC.
1725 Diablo Drive
San Luis Obispo, CA 93405
(805) 547.0489
Role:
Consulting Archaeologist and prepared Archaeological Survey Report for the State Route 166/Alamo Creek Road
Experience:
Since 1979, Far Western Anthropological Research Group, Inc. has worked in partnership with both the environmental resources community and government agencies to meet these challenges and, in so doing, is today recognized as one of the leading cultural resources consulting firms in the western United States. This reputation rests on a foundation of solid, cost-effective management and innovative project studies. This proven combination has resulted in the successful completion of some of the most complex and demanding cultural resources programs in the highly-regulated energy, mining, military facilities, and transportation sectors.
At Far Western, we assist our clients in complying with environmental and historic preservation laws such as the National Historic Preservation Act, the Native American Graves Protection and Repatriation Act, the Archaeological Resources Protection Act, the National Environmental Policy Act, and the California Environmental Quality Act.Far Western’s primary laboratory and office facility is located near the University of California in Davis with regional offices in Virginia City and Las Vegas, Nevada and in San Luis Obispo, California. Senior Archaeologist maintains the Far Western Central Coast Branch Office covering San Luis Obispo, Santa Barbara, Monterey, and Santa Cruz counties. She is responsible for a myriad of management, field, laboratory, analysis, and report preparation tasks for both survey and excavation projects. Her research and volunteer contributions to the local region include co-authoring a book chapter on the central coast in California Prehistory: Colonization, Culture and Complexity and serving as Board Member for the San Luis Obispo County Archaeological Society.
Richard Merrill, M.B.A., B.S.
GOLDER ASSOCIATES
425 Lakeside Drive
Sunnyvale, CA 94085
(408) 220-9223
Role:
Consulting Air Quality Engineer – prepared Air Quality Emissions Modeling and Analysis
Experience:
Mr. Merrill provides project management services related to air quality permitting and compliance primarily in support of the company’s solid waste and industrial business practices. Mr. Merrill has 39 years of experience providing air quality consulting services to industry and government (federal, state, and local) in sampling and analysis, air pollution control technology, control system design, thermal destruction of landfill gas and hazardous waste, odor abatement, compliance assessments, and permitting. His technical expertise has focused on the control of air pollutants.
Mr. Merrill has direct experience with pollution control projects in the industrial and utility power generation facilities, Class I, II, and III solid waste landfills, wood treating facilities, paint spray booths, leather treating plants, hazardous waste incinerators, chemical plant industry, wastewater treatment plants, composting facilities, computer component manufacturing processes, pulp and paper mills, Portland cement manufacturing, fiberglass manufacturing, and petroleum refining.
Michael F. Smith, P.E., Senior Vice President
LAMPMAN & SMITH
805 Aerovista Place
San Luis Obispo, CA 93401
(805) 544-9173
Role:
Consulting Structural Engineer, provide structural engineering services for strengthening the Huasna Creek Bridge
Experience:
Mr. Smith is currently Senior Vice President and Project Manager for Lampman & Smith. Mr. Smith has nearly 30 years of building industry experience. The last 20 years he has specialized in structural engineering. His responsibilities also include supervision of all engineering and coordination of engineering staff. His experience includes all aspects of structural design of industrial, commercial and residential structures, preparation and supervision of structural working drawings and calculations, as well as, on-site field inspection and construction supervision
David K. Wolff, Certified Professional Wetland Scientist
SAGE INSTITUTE INC.
2801 Townsgate Road, Suite 213
Westlake Village, CA 91361
(805) 497-8557
Role:
Consulting Biologist – Prepared Botanical and Wildlife Resource Analysis
Experience:
David Wolff serves as the Principal Ecologist for Sage Institute, Inc. (SII) and is a Certified Professional Wetland Scientist with over 30 years of professional experience. Mr. Wolff has special expertise in both flora and fauna, including terrestrial, freshwater aquatic, estuarine, and marine environments. He is knowledgeable in many bioregions of California including Southern California coastal, inland, and desert regions, central coastal & inland areas, Great Valley, and Sierra Nevada foothills. Along with his regional and landscape-scale resources planning experience, he is also an accomplished wetland scientist, botanist, and wildlife biologist well versed in endangered species issues. Throughout his career, David Wolff has conducted studies, prepared reports, obtained regulatory compliance permits, monitored construction projects and, managed projects and staff for a diverse group of public and private sector projects and clients.
David Wolff has conducted and managed endangered plant and wildlife species surveys, holds vernal pool fairy shrimp survey Recovery Permit TE090849-1, and is a USFWS approved California red-legged frog construction monitor. He has facilitated ESA Section 7 Formal Consultations and has managed the preparation and implementation of project-specific and large-scale regional multi-species Habitat Conservation Plans that have involved city and county land use approval processes and agency/public consensus building programs. He is experienced in CEQA/NEPA and California Coastal Act compliance.
David Wolff is a highly trained and experienced wetland scientist whose skills include the delineation of wetlands, Clean Water Act Section 404 permitting, mitigation planning, and the creation, restoration, and monitoring of wetland and riparian habitats. He has assisted clients with obtaining both Individual and Nationwide Permits from the Corps for development and infrastructure projects.
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