Detail akcie King Resources online

Business Summary: King Resources, Inc. (King Resources) is an independent exploration and production company. The Company is engaged in the acquisition, drilling and production of oil and natural gas in the United States and overseas. In December 2010, the Company completed thea merger with United States based oil and gas company: Cressent Energy and Development Co. As of December 31, 2011, the Company did not operate any oil and gas properties. As of December 31, 2011, the Company did not generate any revenue.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2011, King Resources, Inc. revenues decreased from $52K to $0K. Net loss totaled $31K vs. income of $13K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects Adjustment decrease from $28K (income) to $0K, Sales and Marketing Costs increase from $2K to $17K (expense).