BB's Stock Haven

[ash111]

SOCU-"The West Virginia Properties alone are expected to deliver approximately USD $30 Million in revenues annually.

Mr. Ronald Brooks, Standard Oil Company USA's Chairman is quoted as saying, "This is step one of many steps Standard Oil Company USA has planned and will execute to realize shareholder value and corporate revenues."

THE MEANING IS THAT THE CO. AND IT'S PARTNER KNOW FOR SURE there will be production revenues( "The West Virginia Properties alone are expected to deliver approximately USD $30 Million in revenues annually".)THAT IS a brilliant financing method based on future receipts, but the meaning is HUGE- if both sides whouldn't be sure about those numbers( the 30m revenues), the deal couldn't be completed