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StockGuru Blog: City Capital Revenue is Looking Good and So is the Rig!

Goshen Energy Resources, West Delta 25 offshore natural gas rig seen from the air.

City Capital Corporation’s has its offshore gas offshore platform producing and averaging of 400 thousand cubic feet (mcf) per day. This is approximately 20% capacity.

The recent spot market pricing for natural gas was $7.64/mcf. So, at 20% this produces revenue of $3,056,000.00 per day!

At 100% that is a whopping: $15,280,000.00! $15M is a lot of revenue!

Upcoming winter season pricing is projected even higher, at over $9.00/mcf, or almost double the “rule of thumb” rate used in the evaluation. (source: http://www.eia.doe.gov/)

Revenue generation is a GOOD THING!

Source: CCCN and Philadelphia Daily News
CCCN and Philadelphia Daily NewsOfficers: Ephren Taylor, CEO
Gary Borglund, President/CFO/Secretary
CCCN — City Capital Corp.
2535 Pilot Knob Road
Suite 118
Mendota Heights, MN 55120
Website: http://www.citycapitalcorp.net/
Phone: (651) 452-1606
Fax: 651-452-5828

Forward Looking Statement: This release contains “forward-looking statements” based on current expectations but involving known and unknown risks and uncertainties, including those described in the Company’s annual report on Form 10-KSB for the year ended December 31, 2005, that could cause actual events or results to differ materially from the events or results described in the forward-looking statements, whether as a result of new information, future events or otherwise. The Company’s plans and objectives are based on assumptions involving judgments with respect to future economic, competitive and market conditions, its ability to consummate, and the timing of, acquisitions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the Company’s control. Therefore, there can be no assurance that any forward-looking statement will prove to be accurate. The Company makes no undertaking to update such forward-looking statements.

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City Capital Corp.
Symbol: CCCN-U (C0000)
City Capital -NASB – CCCN-U
Exchange: NASB
CUSIP: 17776P100
S&P GICS:
Sector: SEDOL: B0536D8

Tags QualityStocks Partner StockGuru
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