Based on the current company's presence on the Venezuela Oil production market, namely the current pending contracts and contract negotiations, the management estimates the projected revenues to reach between $1.5 to $2.4 million in 2013. In addition the company will also start a share buyback in the open market immediately.
Company VP of Operations Ken To stated, "We are very pleased to present our preliminary estimated numbers. We will continue working hard to increase shareholders value. Concurrently, we will set aside a portion of our earnings for a share buyback program of up to 4 billion shares. We believe in this company going forward, and want to give our shareholders an early Christmas present."
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