1100006--4/15/2009--AVENUE_GROUP

related topics

{gas, price, oil}

{cost, contract, operation}

{stock, price, share}

{acquisition, growth, future}

{control, financial, internal}

{interest, director, officer}

{loss, insurance, financial}

{product, market, service}

{personnel, key, retain}

{provision, law, control}

{competitive, industry, competition}

{regulation, government, change}

{regulation, change, law}

We have a history of losses which may continue and which may negatively impact our ability to achieve our business objectives. We have a limited operating history upon which to evaluate our business prospects. Our ability to generate operating profits will be contingent on the successful exploration and drilling of wells in which we have an interest. We require additional financing to fully implement our plan of operations. We do not have independent directors that can provide meaningful oversight of our business. The loss of the services of Levi Mochkin, our CEO, would harm our business. Our Proposed Operations Will Require Significant Capital Expenditures for Which We May Not Have Sufficient Funding and If We Do Obtain Additional Financing Our Capital Needs May Increase Substantially. Our Future Performance Is Dependent Upon Our Ability To Identify, Acquire And Develop Oil And Gas Properties, the Failure of Which Could Result in Under Use of Capital and Losses. Future Growth Could Strain Our Personnel And Infrastructure Resources, and If We Are Unable To Implement Appropriate Controls And Procedures To Manage Our Growth, We May Not Be Able To Successfully Implement Our Business Plan. The Oil And Gas Exploration And Production Industry Historically Is A Cyclical Industry And Market Fluctuations In The Prices Of Oil And Gas Could Adversely Affect Our Business. The Oil And Gas Industry Is Highly Competitive, and We May Not Have Sufficient Resources to Compete Effectively. Oil and Gas Operations are Subject to Comprehensive Regulation Which May Cause Substantial Delays or Require Capital Outlays in Excess of Those Anticipated Causing an Adverse Effect on Us. Exploration Activities are Subject to Certain Environmental Regulations Which May Prevent or Delay the Commencement or Continuance of Our Operations. Exploratory Drilling Involves Many Risks and We May Become Liable for Pollution or Other Liabilities Which May Have an Adverse Effect on Our Financial Position. Any Change in Government Regulation and/or Administrative Practices May Have a Negative Impact on Our Ability to Operate and Our Profitability. Industry, economic facts and market forces may adversely affect our oil and gas exploration and development, operations and earnings. We have not established any proved reserves. Our oil and gas exploration and development operations and earnings depend on discovery or acquisition of economically recoverable oil and gas reserves. None of our officers has technical training or expertise in petroleum engineering or geology. Operating hazards and uninsured risks with respect to the oil and gas rights or interests may have material adverse effects on our operations. The sale of a significant number of shares of our common stock could cause a decline in the market price of our common stock. If We Fail to Remain Current in Our Reporting Requirements, We Could be Removed From the OTC Bulletin Board Which Would Limit the Ability of Broker-Dealers to Sell Our Securities and the Ability of Stockholders to Sell Their Securities in the Secondary Market. Our Common Stock is Subject to the Penny Stock Rules of the SEC and the Trading Market in Our Securities is Limited, Which Makes Transactions in Our Stock Cumbersome and May Reduce the Value of an Investment in Our Stock. Our certificate of Incorporation, by-laws and Delaware law contain provisions that could delay or prevent a change in control of our company and thereby limit the market price of our common stock.

Full 10-K form ▸

1100006--4/15/2009--AVENUE_GROUP_INC