Detail akcie Alamo Energy online

Business Summary: Microbonds Applied Solutions Corp., formerly Alamo Energy Corp. (Alamo) is an oil and gas company. The Company is focused on exploration, production and development of oil and natural gas within North America. In the United States, it is focused on the Appalachian Basin and owns working interests in properties in West Virginia. Its business plan is to acquire oil and gas properties for exploration, appraisal, and development with the intent to bring the projects to feasibility at which time it either contracts out the operations or joint venture the project with qualified interested parties. It owns 50% working interest in the Florence Valentine Lease and a working interest and net revenue interest in the Valentine #1 re-entry well. This well is located on approximately 115 acres in Ritchie County, West Virginia within the Burning Springs Anticline.
Financial Summary: BRIEF: For the fiscal year ended 30 April 2016, Microbonds Applied Solutions Corp revenues decreased 73% to $7K. Net loss increased from $6K to $283K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Loss on settlement of accounts payable increase from $0K to $264K (expense), Legal and professional increase from $5K to $11K (expense).