BRZV..from the 10K-A Jan. 2012....Plan of Operations
We are in the process of developing a new business plan for the Company. The company's management has been actively pursuing acquisitions of oil leases in the United States specifically in the Fort Worth Basin area. As of the date of this 10K we have not specifically identified any properties for acquisition. The Company believes that given the current demand for oil and pressure on the price this could be a very successful venture.
Approximately 40% of the energy consumed annually by the United States is produced by burning oil. As of 2008, more than two-thirds of this oil is imported. With approximately 5% of the world's population, the United States is responsible for approximately 25% of annual global oil consumption and according to 2008 estimates has a per-person daily consumption rate more than double that of the European Union, whose population is significantly greater.
American dependence on oil imports has grown from 35% in 1973 (the first year reliable data were collected) to 60% by the end of 2006. The Energy Information Administration projects that U.S. oil imports will remain flat and consumption will grow, so net imports will decline to 54% of U.S. oil consumption by 2030. According to the Department of Energy, the top oil exporters to the United States in May 2008 were Canada, Saudi Arabia, Mexico, Venezuela, and Nigeria (in order from most exports to least).
At the present time, the Company does not have the necessary funds to cover its anticipated operating expenses over the next twelve months or to commence operations. It will be necessary for the Company to raise additional funds through the issuance of equity securities, through loans or debt financings. There can be no assurance that the Company will be successful in raising the required capital or that actual cash requirements will not exceed our estimates. We do not have any agreements in place for equity financing and or loan and debt financing. In the event that the Company is unsuccessful in its financing efforts, the Company may seek to obtain short term loans. There can be no assurance that we will be successful in finding financing, or even if financing is found, that we will be successful in achieving profitable operations.
Because we have not yet determined what the Company's business operations will be, we can not estimate what competitive conditions we will face, what products we will sell and how we will distribute them, the raw materials we may require, the number or nature of our customers or the impact of future government regulation on our business.
