Precision Petroleum Corp (fka PPTO)

[BigBoyz]

The Company expects to continue to receive revenues from the properties on the Oklahoma properties and the Company expects for these revenues to increase. Planned exploration ventures should increase revenues for the fiscal year ending September 30, 2010.


Or is there still hope for the 15 shareholders?



Our plan of operations for the next twelve months is to maintain the current properties we have and recomplete some of the properties that we feel will generate more revenue.


We estimate that our expenditures over the next twelve months will be $120,000 to cover ongoing general and administrative expenses. As at September 30, 2009, we had cash and cash equivalents of $12,944 and working deficit of $1,026,250. We have enough cash on hand to meet our overhead requirements for the next 6 months. We will need to raise approximately $120,000 to meet our overhead requirements for the next 12 months.