Business
American Leisure Holdings Subsidiary Receives Commitment Letter to Broker the Sale of Drilling Byproduct
American Leisure Holdings Subsidiary Receives Commitment Letter to Broker the Sale of Drilling Byproduct.
About this update from American Leisure Holdings, Inc.
[{"type":"text","content":"\n \n \n American Leisure Holdings Subsidiary Receives Commitment Letter to Broker the Sale of Drilling Byproduct\n \n \nAmerican Leisure Holdings Subsidiary Receives Commitment Letter to Broker the Sale of Drilling Byproduct\n \n SILVER SPRINGS, NV--(Marketwired - Jan 26, 2015) - American Leisure Holdings, Inc. (OTC PINK: AMLH) announced today that its wholly owned subsidiary, Wroblewski Oil and Gas, has a commitment letter to serve as a broker for the sale of approximately six (6) million tons of coal located in Jeannette, Pennsylvania.\n The commitment letter was received from Opal Industries Inc. in reference to the sale of six million tons of coal pre-mined and in piles. The coal has been tested by third parties WOGC is entitled to the following tiered commission structure: For the sales price of $21 per ton or over $3 per ton commission, for the sales price of $20 or below, $2 commission per ton will be paid to WOGC; for sales price of $10 or below $1 commission per ton will be paid. The pay structure allows WOGC to benefit from its efforts even with fluctuation in coal prices.\n According to the Weekly Report on Coal Production & Prices published by the Friends of Coal on Monday, January 12, 2015, Coal prices on the spot market were mixed this week. Central Appalachian coal fell to $55.92 per ton, off from $56.10 last week. North Appalachian coal saw an increase in price to $66.55 per ton, up from $65.30 per ton last week. Illinois Basin coal prices also saw an increase, at $45.70 per ton, up from $44.55 per ton a week ago. Likewise, Powder River Basin and Uinta Basin coal prices increased this week -- at $12.10 and $38.30 per ton respectively. Illinois Basin coal prices also saw an increase, at $45.70 per ton, up from $44.55 per ton a week ago. Likewise, Powder River Basin and Uinta Basin coal prices increased this week -- at $12.10 and $38.30 per ton respectively.\n About American Leisure Holdings, Inc.\n American Leisure Holdings, Inc. is focused on investments in the North American oil and gas sector. The Company's wholly owned subsidiary, Wroblewski Oil and Gas (WOGC), is a distributor of a leading international manufacturer of transportation fuels and petrochemical products. WOGC's brick and mortar businesses include a retail and wholesale gasoline station, a convenience store, car wash, doggie wash, and coffee ...