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| related topics |
| {stock, price, share} |
| {cost, contract, operation} |
| {gas, price, oil} |
| {control, financial, internal} |
| {loss, insurance, financial} |
| {interest, director, officer} |
| {cost, regulation, environmental} |
| {operation, international, foreign} |
| {regulation, change, law} |
| {competitive, industry, competition} |
| {acquisition, growth, future} |
| {debt, indebtedness, cash} |
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Special Exploration License 13/98 expired September 30, 2009 and a continuing Exploration License 14/2009 was granted May 17, 2010 for part of the requested area. Applications for additional license area have not yet been granted.
We may not be able to meet our substantial capital requirements.
We anticipate future losses and negative cash flow.
New investors may require participation interests which could decrease future profitability.
The success of our business depends upon our ability to find, develop and acquire oil and gas reserves.
Drilling new wells could result in new liabilities, which could endanger our interests in our properties and assets.
Decommissioning costs may be substantial; unplanned costs could divert resources from other projects.
We may not be able to effectively manage our growth, which may harm our profitability.
A decline in natural gas and oil prices may adversely affect our financial results.
Competitive industry conditions may adversely affect our results of operations.
We may incur substantial costs to comply with environmental and other governmental regulations.
Foreign currency exchange rate fluctuations may affect our financial results.
Our management team does not have extensive experience in public company matters, which could impair our ability to comply with legal and regulatory requirements.
Going Concern and Liquidity may be concerns
The trading price of our common stock may be volatile.
We do not expect to pay dividends in the foreseeable future.
Applicable SEC rules governing the trading of penny stocks limit the liquidity of our common stock, which may affect the trading price of our common stock.
We have been late meeting required filing requirements .
Full 10-K form ▸
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