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 8235 Forsyth Blvd. Suite 400 St. Louis, MO 63105 Phone: 314-854-8513 (8am-5pm CST) Fax: 314-889-9603 http://westernmetalscorp.com/index.htmlhttp://www.otcmarkets.com/stock/WTLC/company-infoFinancial Statements LinkWestern Metals Corporation owns and operates two natural gas wells located in the Lindsey Slough Field in Solano County, California. The wells currently produce a combined 250 - 300 mcf/day of natural gas from land leased and administered by the California State Lands Commission. The company is not conducting any new drilling operations, but is looking to make additional investments in the U.S. oil and gas industry. Western Metals Corporation is a California corporation originally organized in 1980 under the name Coastcast Corporation. In November 2004 the company's name was changed to Western Metals Corporation. Between 2005 and 2008, the company did not have any significant business operations and wound down liabilities remaining from its prior business. In May 2007, the company entered into an Asset Purchase Agreement with LOTO Energy II, LLC for the purchase of the two natural gas wells in California which the company currently operates. Following shareholder approval, the company concluded its acquisition of the gas wells in February 2008. The ownership and operation of the two natural gas wells is the company's sole current business activity. AS: 20M (2009 Audit) |
