US Energy Initiatives Corporation. (OTCPK:USEI) acquired assets and liabilities of AM Oil Resources & Technology, Inc. on April 13, 2012. US Energywill pay 2.5 million shares of preferred stock and common stock to be issued at a later date as purchase price. US Energy Initiatives Corporation. (OTCPK:USEI) completed the acquisition of assets and liabilities of AM Oil Resources & Technology, Inc. on April 13, 2012.