As of September 30, 2010: (1) The Company was authorized to issue 750,000,000 (2) 93,741,136 of which were issued (3) 19,330,320 shares were freely tradable.
The Company has also been actively working in Israel. The Company has found that in the area in Israel licensed to the Company by the Israeli Government for performing oil & gas exploration there are prospects of oil presence that can be extractable. The Company has been working with several groups of geologists in order to try to develop an assessment on this matter. The interim reports have provided very optimistic results, describing the eventually of about 20 million barrels of extractable oil.
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