Pr'ed by the company, so must be true...Right????..LOL...Aggie.
February 22, 2008 - 3:30 PM EST
Sigma Global, Corp. Announces Pro Forma Projections
Sigma Global Corporation (PINKSHEETS: SGGC), an emerging oil and gas company, is pleased to provide shareholders pro forma projections to assist them in evaluating an investment in the Company.
Brian Conrad, Sigma Global's CEO, stated, "In an effort to better serve our investors we have taken the time to put together pro forma projections for the company based on projected oil production. We have a scalable, realistic business plan that will mature through organic growth. I have personally seed funded the company and have a vested interest in its success. The name change to Pradera Energy and the re-structuring should also be completed in short order."
As stated in a previous press release, the company will change its name to Pradera Energy Corp. and will soon obtain a new CUSIP number and trading symbol. The company attorney has filed the required paperwork with the state and we are awaiting the return of these filings to continue this process. Once restructuring is complete the company anticipates the capital structure to be under 650M shares outstanding with a float under 270M shares. These anticipated numbers reflect current and short-term future financings on a fully diluted basis. All past financings are non-toxic and have or will be used to accelerate the repair and drilling of our additional wells. Any additional funding will allow us to secure potential future leases and is included in the above numbers. After the changes have taken place the company will begin the process to file its form 15c211 and move towards becoming fully reporting when revenue dictates.
By the end of this current quarter, the company expects to have 3 working wells. The drilling of 2 additional wells will begin in the next quarter. The company anticipates a net production of 50 to 60 per day by its fiscal year end. The number of production days is expected to be about 340 days per year. Our projections are based on crude oil futures of $90 per barrel and an average cost of production of approximately $20.00 per barrel. Based on anticipated revenue and costs we expect to generate $1.4M net earnings in fiscal 2009 or $0.002 per share. This does not include any income from additional opportunities we plan to acquire.
Brian Conrad further comments, "I am aware of the recent trading activity in our common stock. I will shortly be requesting a new copy of the NOBO list and DTC records to review the reasons for the activity. We will update shareholders on our findings once we have received all required documents."
AI
