Just got reply from investor relations about upcoming news:
Thank you very much for your recent message on our website. We are currently in the process of raising additional capital through various avenues so we can further develop our Zaca asset, along with improve our other core assets. We are also aggressively pursuing new opportunities with both foreign and domestic industry partners for possible new joint ventures and/or partnerships.
For instance, we recently signed 2 letter of intents with Sovereign Resources and AmRich Energy to farm-in at our Zaca Extension Project. You can access the details of these deals through our company’s press releases located on the following page of our website:
Please see press releases dated Oct 30th and Nov 8th regarding the proposals of the farmout agreements.
We anticipate sending a new press release very soon regarding the status of our Zaca opportunities.
As you are aware we are limited in the information we can share regarding our company’s developments which are not yet public. However, we thank you for your support in Underground Energy and you will be updated with new developments now that you have subscribed to the Email List on our website.
Please feel to contact me anytime with further questions or concerns, and I will do my best to provide the information you seek.
Underground Energy, Inc.
7 West Figueroa St, 3rd Floor
Santa Barbara, CA 93101
Office (805) 845-4700 x 14
Cell (805) 440-8286
Fax (805) 845-1177