1373485--11/13/2009--Doral_Energy

related topics

{gas, price, oil}

{stock, price, share}

{loss, insurance, financial}

{control, financial, internal}

{personnel, key, retain}

{competitive, industry, competition}

{stock, price, operating}

{cost, regulation, environmental}

{capital, credit, financial}

{customer, product, revenue}

{cost, operation, labor}

We have an operating deficit and have incurred losses since inception. We have not met all of our obligations under the Macquarie Credit Agreement and Macquarie could exercise its security rights on our properties. We will require additional financing to repay the amounts owed under the Macquarie Credit Agreement. Our future performance depends upon our ability to obtain capital to find or acquire additional oil and natural gas reserves that are economically recoverable. The successful implementation of our business plan is subject to risks inherent in the oil and gas business, which if not adequately managed could result in additional losses. 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. 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. Hedging transactions may limit potential gains on increases to oil and gas prices. We may encounter difficulty in obtaining equipment and services. Our ability to produce oil and gas from our oil and gas assets may be adversely affected by a number of factors outside of our control. If we are unable to maintain our working interests in leases, our business will be adversely affected. Title deficiencies could render our leases worthless. If we fail to maintain adequate operating insurance, our business could be materially and adversely affected. Complying with environmental and other government regulations could be costly and could negatively impact prospective production. The oil and gas industry is highly competitive, and we may not have sufficient resources to compete effectively. The loss of our key persons, or our failure to attract and retain additional personnel could adversely affect our business. Our management currently owns a large portion of our outstanding stock and may act to influence certain types of corporate actions, to the detriment of other stockholders. If we issue additional shares of common stock in the future this may result in dilution to our existing stockholders. We have never paid dividends and do not intend to pay any in the foreseeable future, which may delay or prevent recovery of your investment. The trading price of our common stock may be volatile, with the result that an investor may not be able to sell any shares acquired at a price equal to or greater than the price paid by the investor. Because our stock is a penny stock, stockholders will be more limited in their ability to sell their stock.

Full 10-K form ▸

1373485--11/13/2009--Doral_Energy_Corp.