Sigma Global Corporation, an upcoming oil and gas company whose core business is to evaluate profitable oil and gas lease options, is pleased to provide shareholders pro forma projections to assist them in evaluating an investment in the Company.
“In an effort to better serve our investors we have taken the time to put together pro forma projections for the company based on projected oil production.” Said Brian Conrad, Sigma Global’s CEO. “We have a scalable, realistic business plan that will mature through organic growth. I have personally seed funded the company and have a vested interest in its success. The name change to Pradera Energy and the re-structuring should also be completed in short order.”
Sigma Global Corporation began marketing to consumers as Sigma Medical (DTEC) on July 1st, 2004, through a merger with Sigma RX, LP, and changed its name and symbol to Sigma Global Corporation (SGGC). The company’s attorney has filed the required paper work with the state and is awaiting the return of the filings for the new name change of Pradera Energy Corporation and as a result will soon obtain a new CUSIP number and trading symbol.
Once the fundamental change is complete, the company anticipates the capital structure to be under 650M shares of outstanding with a float under 270M shares. The anticipated numbers may reflect current and short-term future financings on a fainter basis. With all past financings being non-toxic, those have or will be used to accelerate the repair and drilling for additional wells. Any additional funding will allow for security for potential future leases and is included in the above numbers. Once the changes have taken place the company will begin the process to file its form 15c211. When revenue dictates and after the changes take place they will move towards becoming fully reporting.
The company expects to have 3 working wells by the end of this current quarter. They anticipate a net production of 50 to 60 per day by fiscal year end and the number of production days is expected to be about 340 days per year.
The projections are based on crude oil futures of $90 per barrel and an average cost of approximately $20.00 per barrel. The company expects to generate $1.4 million net earnings in fiscal 2009 based on anticipated revenue costs and not on additional opportunities they plan to acquire.
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