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Snrg Corporation - SNRG/SNRG.PK information

SNRG Corporation, through its subsidiaries, engages in the exploration, development, production, and acquisition of natural gas and crude oil in Texas. It holds approximately 4,211 acres of crude oil and natural gas properties in Victoria, DeWitt, and Waller Counties. As of December 31, 2005, the company had proved and developed reserves of approximately 11,469 barrels of oil, condensate, and natural gas liquids; and approximately 399,742 thousand cubic feet of natural gas. SNRG sells its oil and gas products primarily to domestic pipelines and refineries. The company was founded in 1999 under the name Palal Mining Corporation and changed its name to TexEn Oil & Gas, Inc. in 2002. Subsequent......
www.snrg.net
Founded in 1999

SNRG CORP (SNRG:OTC US)

LAST $0.0065 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of 8:10 PM 07/28/10 All times are local (Market data is delayed by at least 15 minutes).

Snapshot of SNRG CORP (SNRG)

OPEN
$0.0027
PREVIOUS CLOSE
$0.0065
DAY HIGH
$0.0070
DAY LOW
$0.0027
52 WEEK HIGH
11/12/09 - $0.03
52 WEEK LOW
05/28/10 - $0.0020
MARKET CAP
1.2M
AVERAGE VOLUME 10 D
101.8K
EPS TTM
--
SHARES OUTSTANDING
184.2M
SNRG Does Not Pay Dividends
P/E TTM
--
K = Thousands  M = Millions  B = Billions
[addPosition2]

Key developments for SNRG CORP (SNRG)

SNRG Corporation Announces Gold Mining Agreements

SNRG Corporation announced that the Company has entered into two agreements to expand the company's business focus to include gold and other mineral mining initiatives. The Company has acquired a mining lease and option in respect of a 7/8 interest in an approximate 7,100 acre placer gold property in San Bernardino County, California, from Colindo Minerals, LLC. The consideration payable under the lease is a future total royalty of $270,000,000 (the equivalent of $1.00 per oz of potential gold reserves). The Company may elect to attempt to acquire a lease and option in respect of the remaining 1/8 or may elect to forego the remaining 1/8 interest in the property and cooperate with the Lessor in a judicial partitioning of the property. The property, known as the Armagosa Mine, has a long history and has been extensively tested by various parties over the past 80 years; however the Company is not relying on any of the prior data. The Company intends to conduct its own valuation and develop its own operating plan. The Company has also entered into a first right of refusal and option agreement on a 960 acre placer gold property in Esmeralda County, Nevada from Western Gold Company. The Company is purchasing this option in exchange for fifty million restricted shares of common stock. This property known as the Gold Star Mine, also has an extensive history with extensive prior testing by various parties, however, the Company will not be relying on prior third party data but will undertake its own testing program prior to making a determination as to whether to exercise its option. The Company has also researched additional applications of the gasification technologies and alternative uses for systems and equipment being obtained as part of the plant purchase previously announced by the Company. As a result, the Company is developing applications for the recovery of base metals and minerals. The first intended application is planned to be directed at the high temperature processing of concentrate from placer mining operations for recovery of a variety of precious metals and valuable minerals.

SNRG Corporation Announces Devulcanized Rubber Production

SNRG Corporation announced it has completed the set up of small scale production of devulcanized rubber at its facility in Bay City Texas. Current production is achieved with manual operation of the materials preparation and mixing process and is not intended to produce marketable quantities of devulcanized rubber. However, based on indicated customer response to its first sample product the company has decided to accelerate its evelopment of marketable production by permanently installing its pilot plant equipment in a fully automated production line capable of producing 10 million pounds a year of devulcanized rubber.

SNRG Corporation Announces License Agreement

SNRG Corporation announced that the company has entered into an exclusive North American technology agreement with Vega Invest AG d/b/a Enviropark Global AG for advanced waste processing and materials recovery technologies. The agreement grants the Company all North American rights to the Enviropark concept and related technologies. The Enviropark model brings together a matrix of waste streams that create an economically viable combination of revenue from tipping fees and the sale of recycled materials on the upstream side of gasification and revenues from materials and products derived from the syngas and inorganic liquids produced from the gasification of a blended waste feedstock.

SNRG Competitors

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Industry Analysis

Valuation SNRG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.6x
Price/Book 0.3x
Price/Cash Flow 3.5x
TEV/Sales NM Not Meaningful

SNRG

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SNRG transactions

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Snrg Corporation - SNRG/SNRG.PK news

SNRG Corporation Announces Gold Mining Agreements

Keywords: SNRG Corporation Announces Gold Mining Agreements, snrg.pk
Quote: SNRGNews) (the "Company") announced this morning that the Company has entered into two agreements to expand the company's business focus to include gold and other mineral mining initiatives.The Company has acquired a mining lease and option in respect of a 7/8 interest in an approximate 7,100 acre placer gold property in San Bernardino County, California, from Colindo Minerals, LLC. The consideration payable under the lease is a future total royalty of $270,000,000 (the equivalent of $1.00 per o...
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SNRG Corporation Announces Rubber Marketing Initiatives

Quote: SNRGNews) announced this morning that the Company is launching a wholly owned subsidiary, DRC Elastomers, LLC ("DRC"), for the global marketing of a variety of devulcanized rubber compounds to be manufactured by the company.The Company also announced the appointment of Steven J. Renegar as Vice President, Sales and Marketing for DRC. Mr. Renegar is a senior rubber industry sales and marketing executive with an extensive career in various sectors of the rubber industry. This experience includes n...
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SNRG Corporation Announces Rubber Marketing Initiatives

Quote: SNRGNews) announced this morning that the Company is launching a wholly owned subsidiary, DRC Elastomers, LLC ("DRC"), for the global marketing of a variety of devulcanized rubber compounds to be manufactured by the company.The Company also announced the appointment of Steven J. Renegar as Vice President, Sales and Marketing for DRC. Mr. Renegar is a senior rubber industry sales and marketing executive with an extensive career in various sectors of the rubber industry. This experience includes n...
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SNRG Corporation Announces Devulcanized Rubber Production

Quote: SNRGNewswww.snrg.net."The objective of the current production capacity is to establish the first step toward generating revenues," stated Mr. Fimrite. "Potential customers typically need a volume of sample material to process as they modify their product recipes to substitute devulcanized rubber for more expensive virgin rubber."Current production is achieved with manual operation of the materials preparation and mixing process and is not intended to produce marketable quantities of devulcanized...
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SNRG Corporation Announces Devulcanized Rubber Production

Quote: SNRGNewswww.snrg.net."The objective of the current production capacity is to establish the first step toward generating revenues," stated Mr. Fimrite. "Potential customers typically need a volume of sample material to process as they modify their product recipes to substitute devulcanized rubber for more expensive virgin rubber."Current production is achieved with manual operation of the materials preparation and mixing process and is not intended to produce marketable quantities of devulcanized...
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SNRG Corporation Announces License Agreement

Quote: SNRGNews) announced this morning that the Company has entered into an exclusive North American technology agreement with Vega Invest AG d/b/a Enviropark Global AG for advanced waste processing and materials recovery technologies.The agreement grants the Company all North American rights to the Enviropark concept and related technologies. The Enviropark model brings together a matrix of waste streams that create an economically viable combination of revenue from tipping fees and the sale of recyc...
Read article

SNRG Corporation Announces Shift in Business Model

Quote: SNRGNews) announced this morning that the Company's Board of Directors has approved a significant shift in its business model and focus to operations that involve the implementation and redevelopment of advanced waste processing and materials recovery technologies. Specifically, SNRG has begun the necessary steps to acquire a facility that will be dedicated to developing, improving and operating advanced de-manufacturing technologies and services.The operating facility, which SNRG has targeted f...
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SNRG Corporation Announces Rubber Devulcanization License Agreement

Quote: SNRGNews) announced this morning that the Company has entered into an exclusive North American technology agreement with Vega Invest AG d/b/a Enviropark Global AG for advanced rubber devulcanization technologies.The agreement grants the Company all North American rights to unique and advanced rubber devulcanization technologies. The acquisition of these technology rights facilitates the incorporation of our existing rubber recycling assets into two production lines in our Bay City Enviropark fac...
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SNRG Corporation Announces Gasification Plant Acquisition

Quote: SNRGNews) announced this morning that the Company has entered into anagreement with Vega Invest AG d/b/a Enviropark Global AG for purchase of all of the assets and membership interests of Enviropark Texas, LLC for an aggregate price of $20,000,000. The assets consist of a gasification facility near Bay City, Texas, that was originally built by Molten Metals Technology, Inc. at an approximate cost of $90,000,000.The facility was built in 1996-1998 but was never operated and has been maintained in...
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SNRG Corporation Announces Rubber Devulcanization License Agreement

Quote: HOUSTON, TX--(Marketwire - 12/08/09) - SNRG Corporation (Pinksheets:SNRG - News) announced this morning that the Company has entered into an exclusive North American technology agreement with Vega Invest AG d/b/a Enviropark Global AG for advanced rubber devulcanization technologies.The agreement grants the Company all North American rights to unique and advanced rubber devulcanization technologies. The acquisition of these technology rights facilitates the incorporation of our existing rubber re...
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SNRG CORP Files SEC form 8-K, Changes in Registrant's Certifying Accountant, Financial Statements and Exhibits

Quote: Changes in Registrant's Certifying Accountant Effective January 1, 2007 the client auditor relationship between SNRG Corporation (the "Company") and Epstein Weber & Conover, PLC ("EWC") was terminated as EWC was acquired my a new firm that elected not to continue as the Company's independent public accountant. Effective January 5, 2009, the Company engaged Malone & Bailey, PC ("Malone & Bailey"), as its principal independent public accountant for the fi...
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SNRG Corporation Announces Shift in Business Model

Quote: SNRGNews) announced this morning that the Company's Board of Directors has approved a significant shift in its business model and focus to operations that involve the implementation and redevelopment of advanced waste processing and materials recovery technologies. Specifically, SNRG has begun the necessary steps to acquire a facility that will be dedicated to developing, improving and operating advanced de-manufacturing technologies and services.The operating facility, which SNRG has targeted f...
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SNRG CORP Files SEC form 8-K, Termination of a Material Definitive Agreement

Quote: Termination of a Material Definitive Agreement. On or around July 7, 2009, SNRG Corporation and its wholly-owned subsidiary, Texas Gohlke Partners Inc. (collectively the "Company", "we," and "us"), together with Rangeford Resources, Inc. ("Rangeford"), agreed to terminate the Assignment and Bill of Sale (the "Assignment") entered into on or around June 12, 2009, pursuant to which, the Company was to sell (a) all of its right, title and interest ...
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SNRG CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Completion of Acquisition or Disposition of

Quote: SNRG CORPRequest a Trial to NEW EDGAR Online Pro Form 8-K for SNRG CORP 19-Jun-2009Entry into a Material Definitive Agreement, Completion of Acquisition or Disposition of Privacy PolicyTerms of ServiceCopyright/IP PolicySend FeedbackSEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informat...
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SNRG CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhibits

Quote: SNRG CORPRequest a Trial to NEW EDGAR Online Pro Form 8-K for SNRG CORP 3-Mar-2009Entry into a Material Definitive Agreement, Financial Statements and Exhibits Privacy PolicyTerms of ServiceCopyright/IP PolicySend FeedbackSEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors...
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SNRG Corporation Announces License Agreement

Quote: SNRGNews) announced this morning that the Company has entered into an exclusive North American technology agreement with Vega Invest AG d/b/a Enviropark Global AG for advanced waste processing and materials recovery technologies.The agreement grants the Company all North American rights to the Enviropark concept and related technologies. The Enviropark model brings together a matrix of waste streams that create an economically viable combination of revenue from tipping fees and the sale of recyc...
Read article

SNRG Corporation Announces Gasification Plant Acquisition

Quote: SNRGNews) announced this morning that the Company has entered into anagreement with Vega Invest AG d/b/a Enviropark Global AG for purchase of all of the assets and membership interests of Enviropark Texas, LLC for an aggregate price of $20,000,000. The assets consist of a gasification facility near Bay City, Texas, that was originally built by Molten Metals Technology, Inc. at an approximate cost of $90,000,000.The facility was built in 1996-1998 but was never operated and has been maintained in...
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SNRG CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Unregistered Sale of Equity Securities, Fin

Quote: Entry into a Material Definitive Agreement. On or around October 20, 2009, SNRG Corporation (the "Company", "we," and "us") entered into a North American Technology Agreement with Vega Invest AG d/b/a Enviropark Global AG ("Enviropark" and the "Enviropark Agreement"). Pursuant to the Enviropark Agreement, Enviropark granted us the exclusive rights to use and market its Enviropark concept and related technologies, including Enviropark's "Env...
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