InvestorsHub Logo
icon url

roger wilco

08/25/13 5:30 PM

#1184 RE: SeaOhToo #1182

Highlights of the June 30th 10Q!

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9459081

Results of Operations.

For the Six months Ended June 30, 2013 compared to 2012

Revenues

For the six months ended June 30, 2013, revenue was $74,929 a decrease of $1,004,386 from $1,079,315 for the six months ended June 30, 2012. Decrease in revenue was due primarily to the oil properties being shut down since mid-2012. Oil and gas revenues are principally from the Saltwater Disposal project. The decline is also attributable to the fact that in the earlier period we sold working interests in various prospects we held, sales that did not occur in the period ended June 30, 2013.