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Thursday, June 09, 2011 2:03:21 AM
Brazos International Exploration, Inc. ("BR" or "Company") is a New York based oil and gas exploitation, development, and exploration company. With its anticipated acquisition of a producing oil & gas property owned by Renfro Energy, LLC ("RE"), it will acquire a strong asset base as a foundation to build and grow.
With RE's Louisiana asset base and capital requested through this business plan, BR expects to become an industry leader in finding and replacement cost for oil and gas reserves while providing a
safe work environment, maintaining its social conscience to the community and adhering to state, federal, and international regulations.
Our financial objective is to have a market capitalization over $250 Million within 12 months and through a systematically and carefully planned growth program, reach a goal of $500 Million
or more within three years.
Over that period, we would like to see gross margins improving while keeping selling, general and administrative costs to a minimum and maintaining a strong balance sheet. Our initial goal of $250 Million can be accomplished by developing our existing asset base while our three year plan will require a selective acquisition program.
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