UC Hub - Gold Start-Up: Produktionsbeginn steht bevor / Nur 29 Mio. OS - 500 Beiträge pro Seite

[jenne12]

Hier sollte in den nächsten Tagen etwas passieren. UC Hub ist aus dem ehemaligen Betätigungsfeld "Debit Cards / Sofware" vollständig ausgestiegen und hat sich durch eine "asset aquisition" im Januar 2009 Goldminen für 190 Mio. Shares gesichert. Nach umfangreichen Tests, die die Goldvorkommen bestätigt haben, wurde nun ein erster "Gold Wash Plant" gekauft. Der Produktionsbeginn steht unmittelbar bevor. Von 0.005 auf 0.015 in den letzten Tagen, im Falle eines erfolgreichen Produktionsstarts sollte dies - auch durch die geringen OS von nur 29 Mio. Shares - erst der Anfang sein. IMO ein Zock wert. Handel nur in USA, in Deutschland seit Jahren kein Umsatz.

Chancen:

- OS ca. 29 Mio. (seit mehreren Jahren nahezu konstant!!!)
- "Funding" des Equipment ist gesichert
- Market Cap liegt bei nur 450 K $
- Produktionsstart ist nach der letzen PR vom 23. April für die nächsten Tage geplant
- CEO und dessen Familie sind stark "persönlich" finanziell involviert

Risiken:

- OTCBB Company....
- Bisher keine Revenues
- 190 Mio. Shares, die für die asset aquisition gezahlt wurden,könnten den Kurs stark diluten, sind jedoch noch für mindestens 6 Monate "restricted"

Weitere Infos und PRs:

http://ih.advfn.com/p.php?pid=squote&symbol=NB%5EUCHB
http://investorshub.advfn.com/boards/board.aspx?board_id=363…" target="_blank" rel="nofollow ugc noopener">http://investorshub.advfn.com/boards/board.aspx?board_id=363…

www.uchub.net



UC Hub Group Announces the Acquisition of a Gold Recovery Wash Plant

LOS ANGELES, CA--(MARKET WIRE)--Apr 23, 2009 -- UC Hub Group, Inc. (OTC BB:UCHB.OB - News) announces the funding has been provided for the acquisition of a gold recovery wash plant to be installed at the Wickenburg Mining Claim this month. The gold Recovery Wash Plant has been inspected and reviewed over the past weeks and the acquisition of said equipment has been consummated.

The name brand manufacturers of this equipment have been consulted and the Company is ecstatic about beginning with such a large system on day one that includes and is not limited to a Cedar Rapid Shaker/Screen, 19.5' x 3.5' Trommel, several feeder sluice boxes, two large 36" diameter Concentrate (twined) Bowls and one additional Concentrator for fines (finisher) completing an integrated precious metal recovery system; the plant is powered by a: Caterpillar Generator 83.5KW (KATO) complete electrical system (480V & 110V); the wash plant will utilize 2 high powered water delivery pumps (400gpm & 600+gpm) with associated piping and brass foot valves, essential for washing the head ore throughout the delineation process; a 500 gallon diesel storage tank mounted on a trailer which also incorporates the generator facilitating ample fuel storage; a Trommel double axle (8 wheel) trailer for site/highway mobility, feeder and other related wash plant parts.

Management is excited about this acquisition, because it will provide an impressive gold recovery wash plant that will be installed and working in a short period of time. Management was hoping for at least one 12" to 20" concentrator bowl, therefore, the company is absolutely elated over TWO bowls with 36" diameter and a bonus third bowl for finishing. The Cedar Rapids shaker with Trommel and CAT equipment are significant brand names in the mining industry. This plant has the capability as a somewhat mobile system to be moved to the next sequential mine that will require this type of commercial production.

Management will now hire the transport company to move the equipment and install it at the proper location on the private land of the Wickenburg claim. Management said the timing was perfect and this equipment and its install will greatly accelerate our capability as a mining company. The ability to cross collateralize or leverage this gold mining plant on any of the other mining claims makes this asset seem like it is compounding in value and timing. The Company has additional mines in Arizona, Nevada and Idaho of course and the Company may use some of this equipment to minimize costs and increase profits or build additional plants as time and success warrants.

The Company is working with groups who have built and installed a mining facility in the area and are very interested in overseeing the install of this gold recovery wash plant. Management believes this plant will allow the company to mine 70 - 100 tons per hour and with the sophistication of the concentrator bowls which could be sequenced, the Company hopes to see some substantial recovery efficiencies.

Safe Harbor Provision

This news release includes forward-looking statements, including some with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause actual results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of the Company, and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, the availability of technical personnel, changes in technology and competition, domestic and global economic fluctuations, and the like.


Aus dem letzten 10Q: http://ih.advfn.com/p.php?pid=nmona&cb=1240755769&article=36…" target="_blank" rel="nofollow ugc noopener">http://ih.advfn.com/p.php?pid=nmona&cb=1240755769&article=36…


NOTE M - SUBSEQUENT EVENTS

UC HUB Group Inc finalized the formal asset acquisition agreement with Tri Star Holdngs Inc for mining claims. Tri Star Holdings provided assays on the properties and represented these claims to have precious minerals with a multi- million dollar potential.

UC Hub began doing the due diligence on said claims which have included title searches, legal mining experts, geologists, and new assays from multiple independent mineral laboratories. Management from UC Hub even went to the mining site, camped out, and mined for one week as part of the due diligence and to maintain the chain of custody of the gold sampling.

The new assays were reported and posted on the company web site and these assays have confirmed gold on the property. The company plans to begin bulk gold mining samplings during the latter part of March and early April 2009. The Company has also located heavy equipment to acquire and has been in discussions with several mining companies to mine the initial gold Placer property located in the Wickenburg, Arizona area. Assays showed a high of 7 oz/st of concentrate to less than 1 oz/st concentrate. The detail of assays are available on the Company web site ( www.uchub.net ) The company paid 190 million shares and issued one certificate for this amount as consideration for this acquisition .

The mining claim has been acquired and all signatories on this Wickenburg claim have been executed. Filings have begun with the Bureau of Land Management and such regulatory filings will continue. The Company has been working with a mining legal expert licensed to practice in the State of Arizona and familiar with the regulatory processes.

The company has two verbal commitments for additional funding and one of these groups has submitted a term sheet for $5 Million and this contract is under review. The other group is a smaller investment geared to the operations of the mine. Once the economics of the mines are defined the company can decide whether it requires additional capital infusion, or that it may potentially be capable of self funding.

[jenne12]

Antwort auf Beitrag Nr.: 37.042.526 von jenne12 am 26.04.09 16:29:36

Detaillierte Infos über das Mining-Projekt - zum Beispiel die "Assays" - sind auf der UC Hub Website unter "Shareholder Info" zu finden.

http://www.uchub.net

[jenne12]

Laut E-Mail des CEO Larry Wilcox ist das Equipment auf dem Weg zum Mining Claim in Wickenburg. Bisher kaum Kaufdruck. Heute jedoch mit wenigen Shares schon wieder 68% im Plus. Sollte das Wash Plant in der nächsten Woche installiert sein und die Produktion starten, wird es sicher eine PR geben und dann könnte es spannend werden.

OS nur 30 Mio. Shares.
Market Cap 600 K $

[jenne12]

NEWS - Es dauert wohl aber doch noch etwas mit dem Produktionsstart.

UC Hub Group Announces Agreement for Montana Gold and Royal American Sapphire Property

LOS ANGELES, CA -- (Marketwire) -- 05/26/09 -- UC Hub Group, Inc. (OTCBB: UCHB) announces the signing of a binding letter of intent agreement to mine the gold and sapphire mine near Helena, Montana in exchange for shared revenue. Formal contracts are being prepared this week by counsel for execution. The Montana mine will produce revenue from gold and sapphires and will allow UC HUB to place the UC HUB Gold Wash Plant on the private property to begin mining known reserves with past gold production history. The past production of gold and or analysis represents about .10 oz per ton to .010 oz per ton. UC HUB anticipates a production of up to 100 tons per hour at this mine. In addition to the gold wash plant, there is an existing Sapphire Wash Plant in place on the 100 acre plus private property mining site in the famous mining area of the El Dorado Bar. In the meantime, UC HUB has graded the gold wash plant site and will begin placing its newly acquired wash plant and related equipment in this area for actual gold production. Some of the equipment arrived today at the site in Montana. In the 1990s the historic and famous geologist Rafal Swiecki made some very remarkable claims about the carats per acre of sapphires in this El Dorado Bar area.

The Gold for this area has historic production reports provided to the U.S. Government. When you combine gold and sapphires from 100 plus acres of land the economics imply a greater level of "optimism" than experienced heretofore. This property is a new and independent deal and a sole result of UC HUB'S aggressive strategy supporting efficiency models with a focus on timely and valuable revenue streams. This property has moved to the front of the line with respect to our mining efforts.

This is exactly the kind of strategy management referred to in the past shareholder updates. The company will have the opportunity to have one parcel of private land, two mining plants, and the potential of multiple shared revenue streams from gold, precious and the very rare sapphires that are not heat treated from this special Lewis and Clark County in Montana. This newly negotiated deal, by UC HUB, will now become the priority of the Company. Management believes it was important to find strategic partners who are ready to begin mining, who have expertise in sapphires and gold, and who have completed due diligence previously. Establishing UC Hub Group with its own mines complemented by dual revenue centers is key to the Company's objective to produce timely revenue. Management is in discussions and has its representative on site today working on the grading and preparation of the site. The Company is working closely with the owner on this Joint Venture this week, while counsel is finalizing the formal contract. The Company believes that potential production could begin as soon as late June, or early July 2009.

Once again, management would like to thank the time honored shareholders for their patience and trust. The Company now believes that it has an excellent gold and sapphire revenue potential that provides a map for the company's future.

Safe Harbor Provision

This news release includes forward-looking statements, including some with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause actual results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of the Company, and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, the availability of technical personnel, changes in technology and competition, domestic and global economic fluctuations, and the like.

Contact:
Larry Wilcox
Email Contact
1 800 278 8870

[jenne12]

UC Hub Group Signs Binding Agreement for Gold and Royal American Sapphire Property

LOS ANGELES, CA -- (Marketwire) -- 06/02/09 -- UC Hub Group, Inc. (OTCBB: UCHB) announces the signing of a binding deal for the gold and sapphire mine in Montana. UC Hub has moved its equipment to the property and it will be used for the Gold mining portion of the 100 plus acres. There will be two integrated wash plants on this property. The UC Hub wash plant will focus on the gold mining on the property of which it has been projected to be a significant revenue center for the Company. The gold portion of the mining operation is projected to produce and ramp to about $500,000 or greater a month once the plants are on schedule during a full mining season and may potentially increase significantly with more volume and double shifts. The company projects that the cubic yards per this 100 acre site may have 10-20 year term depending on the depths and layers of gold and sapphires.

The Royal American Sapphire market is another very exciting precious gem on the property and management believes that some of these Royal American Sapphires will have significantly more value than the gold. The Sapphires will be mined in parallel with the 2nd Wash Plant. Management has tested both the gold and sapphire production with a small sampling of 1.5 yards and produced gold and 20 plus sapphires. The size and volume of the Royal American Sapphire on this property is reported and projected to be 1,000s of carats per acre and is significant in comparison to most sapphire mining opportunities anywhere in the United States. The past production reports in this area represented over 5,000 troy ounces of gold and over 900,000 carats of sapphires per year. The production was back in the 1940s and they halted production after the war was over. Sapphires of 1 carat (.2g) of gem quality cut can be $1600 or greater. Sapphires can also be only worth a $1 a carat in some cases depending on clarity and size. However, the Company will remain cautious with respect to these dual and compounding potential markets until actual production reports begin this month.

With two potential revenue centers, and two wash plants, the company is extremely excited about mining the Gold, the Royal American Sapphires and other materials on this rich property. Some parties may not believe in the sapphires so we have gold; and for those who do not believe in the gold we have sapphires. The Company believes that this dual opportunity with dual mining wash plants is the key to a very timely success. The projections on a 10 to 20 year period with a combination of revenue streams contingent upon actual production should complement the value of UC Hub to even the harshest critic. We will give a further update as soon as integration of equipment which is on site and other items have deployed and completed during the month of June. Management is very excited to present two revenue centers of gold and sapphires to the longstanding UC Hub shareholders who have been so very patient and trusting.

Safe Harbor Provision

This news release includes forward-looking statements, including some with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause actual results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of the Company, and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, the availability of technical personnel, changes in technology and competition, domestic and global economic fluctuations, and the like.

Contact:
Larry Wilcox
Email Contact
1 800 278 8870





Source: Marketwire (June 2, 2009 - 11:13 AM EDT)

[jenne12]

Sobald die Produktion startet, wird es hier richtig rund gehen.

[jenne12]

Endlich mal wieder was Neues. Bisher aber 0 Volumen. Finanzierung steht jetzt. Der Deal mit TSHL ist vom Tisch. 8k dazu wird in Kürze erwartet. Equipment ist in Montana vor Ort (2 Wash plants). So, mal sehen, wie es weiter geht. Wenn nun endlich mal die Produktion startet....


UC Hub Group Signs Letter of Intent for $1 Million in Funding With R&J Investments Ltd.

LOS ANGELES, CA--(Marketwire - 08/20/09) - UC Hub Group, Inc. (OTC.BB:UCHB - News) announces the signing of a Letter of Intent for funding by R&J Investments Ltd. to fund the mining efforts of the company in Montana for Gold and Sapphires. As of this date all UC Hub's mining assets have been reduced to one mine in Montana making null and void any other mine site and or obligations/claims in order to focus on this project and the potential and varied revenue centers of sapphires, gold and other by-products. The CEO of UC Hub Group has continued over the past 30-60 days with expenses and a cautious approach to due diligence and risk management for the patient shareholders.

Management contracted, an independent historic mining company to review the Montana Gold and Sapphire Property and to pan some gold and sample some sapphires in the Jig on site. The results obtained were positive with photos related to the project have been posted on the web site. Concurrently, management also traveled to the site and reviewed, shot still photographs, and digital video of the Montana property which is partially exhibited on the company's website, www.uchub.net.

Safe Harbor Provision

This news release includes forward-looking statements, including some with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause actual results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of the Company, and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, the availability of technical personnel, changes in technology and competition, domestic and global economic fluctuations, and the like.

http://finance.yahoo.com/news/UC-Hub-Group-Signs-Letter-of-i…

[jenne12]

8k Filling ist raus. Wie erwartet...

http://www.sec.gov/Archives/edgar/data/1072935/0001271008090…

Item 8.01 Other Events

On December 29, 2008 UC HUB Group Inc (UCHB.OB) executed an Asset Acquisition and Assignment Agreement with Tri Star Holdings Inc of Ft Lauderdale Florida (Tshl.pk) that was notarized on the same date. The Asset Acquisition and Assignment Agreement stated that Tri Star Holdings Inc had $10 Billion of mining assets and claims and those representations and warranty were supplied in various forms, including and not limited to, brochures and web sites with such information along with assays. In exchange and for consideration for such assets and mining claims, UC Hub Group Inc was to issue to Tri Star Holdings Inc one certificate for 190 million restricted shares of UC Hub Stock.

UC Hub instructed the transfer agent to send the restricted Certificate to Tri Star Holdings Inc and subsequently began working on the represented assets to begin mining. Over time UC Hub found many discrepancies with the rights, title, assays and other such potential legal conflicts. UC Hub then approached Tri Star Holdings Inc with such discrepancies and conflicts and the parties agreed to sign an Amendment, executed on Jan 29, 2009, whereby Tri Star was offered an opportunity to cure the discrepancies and or replace a mining claim or asset with a like value.

On May 14, 2009, the parties signed a second Amendment which placed the UC Hub restricted Certificate in escrow with the Company’s transfer agent. The terms of this second Amendment gave Tri Star Holdings six months which would have been June 29, 2009 to cure the discrepancies from the original contract execution of Dec 29, 2008.

On June 29, 2009, no such cure had occurred, and to date no cure was provided.

On August 14, 2009, UC Hub and Tri Star agreed to cancel and rescind the deal and sent an instruction letter to UC Hub’s transfer agent to that effect.

Safe Harbor Provision

This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of Tri-Star Holdings, Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, the availability of technical personnel, changes in technology and competition.




Contact:

Larry Wilcox

CEO, UC HUB GROUP INC





1 800 278 8870

[e-mail]




Anthony Mellone

President & CEO

Tri-Star Holdings, Inc.

[jenne12]

Antwort auf Beitrag Nr.: 37.042.526 von jenne12 am 26.04.09 16:29:36

Finanziernug (1 Mio. $)scheint gesichert. Mining-Start steht nun kurz bevor. Volumen nimmt zu. OS liegt wohl bei 30-50 Mio. Shares. Sehr geringe MK. IMO.

Weter Infos und shareholder letter auf der UCHB website.

[jenne12]

Antwort auf Beitrag Nr.: 37.042.526 von jenne12 am 26.04.09 16:29:36

Neuer Shareholder letter auf www.uchub.net


Dear Shareholder:

The Company is now in discussions with a group to acquire a magnetic separator and one additional compliment to the Wash Plant in place in Montana. The Company believes that the other materials we see in the ore may be additional revenue streams and have subsequently ordered some lab work accordingly. The Magnetic Separator would create certain efficiency quotients with respect to black sands and the gold concentrates. It is not a mandatory piece of equipment but does enhance the operation results.
On an operations standpoint we have been working on finding a new auditing firm in the Rock Mountain area where the Company’s Gold and Sapphire property is located and our transfer agent is located. We have begun discussions with a Mr. O’Donnell in the Denver area and anticipate hiring his firm with approval of the Board and regulatory. As you know the company depends on the legal and accounting of SEC approved firms and if the legal and accounting firms fail in any way with any of their reporting or regulatory issues it is mandatory that we find and hire a new firm. The firm that we used for accounting in the past is no longer available or compliant and the firms we use for legal will remain in place.
The Company has been so lean for so long that Investor Relations and Public Relations have been extremely limited. We apologize for such but as you know a lot of these issues over the past 24 months are directly related to economics. However, the Company is presently in discussions with a firm that has excellent knowledge and history in the mining arena with respect to releases and such and the Company hopes to consummate a transitional relationship with this IR firm in the next 30 days.
With very limited funds we have acquired a Mining Wash Plant, disassembled the Wash Plant in Northern California, hauled it to various staging areas and delivered it in full to the Montana Property using family and friends. We have somehow paid truckers, landowners, equipment vendors and such and have two wash plants, one erected to begin the mining operation for Gold and Sapphires. The groups and individuals who have assisted us with these major undertaking so we could maximize our “economic leverage” have been impressive if not benevolent. The toil in heat and “strained conditions” has produced the potential of gold and sapphires and a potential mining asset for our shareholders.. We also are in discussions with a Gem marketing company who claims they wants all the Montana sapphires we can produce. We will begin due diligence with them soon to verify or deny such. Yes the glass can always be half empty but we are now positioned with this asset and we have done so in good faith.
We exchanged communications over the last two days with R&J Investments Ltd, (one million funding per Press Releases) who has stated, things are now on a fast track and accounts have been opened and are being set up according to standards in the banking industry. We will update you as things progress .
Once again, we thank the shareholders and believe the Company is now positioned properly.

Larry Wilcox, CEO

[jenne12]

Hier noch die PR von letzte Woche Donnerstag.


UC Hub Group Pays for Land Lease for the Gold and Sapphire Property in Montana


LOS ANGELES, CA -- (Marketwire) -- 09/17/09 -- UC Hub Group Inc (OTCBB: UCHB) announces it has paid the land owner for the lease of the Montana Gold and Sapphire property. The Management and outside consultants of multiple backgrounds have confirmed gold and sapphires on this property and are optimistic about the potential opportunity. As a result of such due diligence, the purchase of important equipment, and the architectural integration of disparate and new parts, the Company has moved aggressively to the next sequential plateau and made payment on the lease in good faith thus reducing timing issues. The Company believes this positive reality and momentum are key right now for this Great American Sapphire and Gold property. The lease was contingent upon a five figure payment for such land use. UC Hub has made such payments in good faith and has concurrently paid consultants to work on the actual Mining Plant with the requisite plans. The Company continues to enhance the asset value by such marked improvements positioning the Company so the assets and the Company are potentially more valuable for the shareholders. Presently the Company is in discussions with Sapphire distributors, media groups, and two refineries.





www.uchub.net.




Safe Harbor Provision



This news release includes forward-looking statements, including some with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause actual results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of the Company, and no assurance can be given that such results will be achieved.

Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, the availability of technical personnel, changes in technology and competition, domestic and global economic fluctuations, and the like.


Add to Digg Bookmark with del.icio.us Add to Newsvine


Contact:

Larry Wilcox

Email Contact

1 800 278 8870

[jenne12]

Neben dem Mining jetzt auch noch Öl-Förderung. Mal sehen, wie's weitergeht...


UC HUB Group Funds and Drills First Oil/Gas Well

LOS ANGELES, CALIFORNIA-- (MARKET WIRE)—Oct 5, 2009 – UC Hub Group Inc (OTC BB: UCHB.OB) announced today that, following funding, it has begun a permitted well drilling program in southeastern Illinois with its privately held joint venture partner, Rector Drilling of Crawford County, Illinois. The Crawford County area, where the well is located, has produced more than 250 million barrels of crude oil thus far during the last hundred years, making it one of the largest oil fields in the Illinois Basin.
Crawford County's big field discovery was in 1906, and the area has a long history of production of sweet, shallow and low sulfur Oil in the Mississippian and Pennsylvanian formations. Many oil and gas distribution companies and marketing companies, including the Marathon Oil Refinery (formerly Ohio Oil Company)—the fifth largest crude oil refinery in the U.S.—are located in the area. Visiting the well site, management was impressed with the density of oil and gas wells in Crawford County and in the immediate area of the joint venture project and equally impressed with the number and quality of wells that had been recently drilled by Rector Drilling.
UC HUB/Rector has aggressively drilled the first 80-90 feet and set the surface pipe and casing. Rigs, tools, equipment, and staff are in place and drilling is ongoing. The tank battery for the oil storage is also in place. The expected depth of this hole is approximately 1,900 feet (Salem zone of the Mississippian), with the potential of multiple pay zones. There are additional opportunities with this 400-acre lease, once this first well is successfully completed. Wells in this general area have produced oil for multiple years, ranging from 1 barrel a day to 1,000+ barrels a day.
This project with Rector is the first of what management believes will be multiple joint venture projects that will produce revenue, stability, and longevity to compliment the Company's mining opportunities in Montana. CEO Larry Wilcox stated, “In our continuing efforts to deliver as promised, we now have a mining site, an oil and gas property, and equipment in place both at Montana and Illinois; we promised an active program and within a week we began drilling. We are optimistic about the potential for this well for profitable production. With a little cooperation from Mother Earth, we will soon see the success of our revenue model and a strengthening of our balance sheet.”
www.uchub.net.



Safe Harbor Provision
This news release includes forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are based on current expectations, estimates and projections made by management. The Company intends for the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," or variations of such words are intended to identify such forward-looking statements. The forward-looking statements contained in this news release include statements regarding the potential of the property and the enhanced value of the Company. The forward- looking statements are subject to risks and uncertainty, that could cause actual results to differ materially from those projected in these forward-looking statements Such statements include the risks that the property may not be as valuable as anticipated, the ability of management to successfully operate the property and market any products derived there from and general economic conditions.. All forward-looking statements in this news release are made as of the date of this press release, and the Company assumes no obligation to update these forward-looking statements other than as required by law. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements and include the risk factors discussed in the Business and Management’s Discussion and Analysis sections in our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Copies of these filings are available at www.sec.gov.


Contact:
Larry Wilcox – [e-mail]
1 800 278 8870

[jenne12]

Jetzt rappelt's.

UC Hub Group Hits Oil

LOS ANGELES, CA--(Marketwire - 12/03/09) - UC Hub Group Inc (Pinksheets:UCHB - News) announces it has hit oil in the Southern Illinois well. The oil has a 7' to 8' oil zone that the driller has penetrated and he refers to this oil as the Robinson Pay Zone. This is one of the multiple potential oil zones UC Hub Group had anticipated as part of the sweet oil production that will occur from this well. This oil pay zone combined with the potential of the other zones is the anticipated compounding oil production strategy of the Company. The Illinois oil well with multiple producing pay zones could potentially result in a lucrative monthly production of oil. The wells in this area have a history of oil production longevity and this well will be better defined as the depth of 1900' is accomplished. The Company could drill many more wells on this 400 acre lease once this well is completed.

The Company has been drilling and repairing equipment straight through the holidays and weekends to reach these pay zones of oil and has successfully drilled to a depth of 1060' today. Now that the driller has confirmed oil in the first pay zone, the Company will repair some of the equipment over the next week and then begin drilling further down to the Basil Penn and Cypress oil pay zones. The Company anticipates more pay zone information over the next few weeks and is in discussions presently with more oil and gas lease opportunities. The Company is excited to share the success of this hard work and effort on the first oil well and thanks the shareholders for their patience.

www.uchub.net

[jenne12]

Über 3 Millionen Shares gehandelt. + 111%