Friday, May 19, 2017 2:39:16 PM
Consolidated Balance Sheets
March 31, 2017
Property:
Oil and gas properties at cost, successful efforts,
net of depletion of $5,912 and $5,147 as of March 31, 2017 and September 30, 2016, respectively: $ 11,498 and 12,263
Historically our focus has been oil and gas exploration and production.
On March 9, 2017, the Company was issued Common shares
in a wholly owned subsidiary corporation, Where2Wear,
fashion media internet application.
The application will enable users to virtually
locate, research and ultimately review a specific brand or shop worldwide.
Therefore, as part of the company’s ongoing strategy it will evaluate and may invest in non oil and gas activities as they
arise.
Quote posting 13836 :
Not to alarm you but this stock's CEO has a background in fashion and technology and 0 experience in oil. You will see they started a "new era" business plan on their website. He is a founded Italian shoe company lecrown.
He was CEO of TNEN which was another oil company but they tried bringing in his fashion assets. He literally swapped CEO positions with TNEN so that TNEN could divest the fashion and bring it back to oil. So we are assuming that Nicolo will pursue fashion here. We are assuming lecrown will divest from TNEN to here
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=131506672
https://www.otcmarkets.com/financialReportViewer?symbol=TXHE&id=172067
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