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| | Business Summary: Adventure Energy, Inc. engages in the exploration, development, and production of oil and natural gas properties in the Appalachian Basin, primarily in Kentucky and West Virginia. | | | Address
33 6th Street South, Suite 600
St. Petersburg
, FL 33701
Phone: 727-482-1505
Website: http://www.adventureenergy.com
| | Auditor |
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Drakeford & Drakeford
| | Transfer Agent |
|---|
Olde Monmouth Stock Transfer Co., Inc.
| Employees: 2
ShareHolders: 58 | Founded: 2008
Domicile: Florida | | | |
| | Adventure Energy, Inc. engages in the exploration, development, and production of oil and natural gas properties in the Appalachian Basin, primarily in Kentucky and West Virginia. The company focuses on the drilling and acquisition of proven developed and underdeveloped proprieties, as well as on the enhancement and development of these properties. It also operates oil and gas leaseholds, in which it owns working interest; plans to own and operate a gas gathering system in Morgan County, Kentucky; and has leasehold on 1,500 acres in Kentucky. The company was founded in 2008 and is headquartered in St. Petersburg, Florida. | | History: INCORPORATED in Florida Mar. 28, 2008. | | | | | | | | | |
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Management
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| Officers | Position |
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| Wayne Anderson | Chairman, President, Secretary, Treasurer, Chief Financial Officer, Chief Accounting Officer & Chief Executive Officer |
| | Directors |
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| Jim Anderson | | Wayne Anderson | | | |
| | | | Capitalization as of 12/31/2008: | | | | | Authorized Shares | Outstanding Shares |
|---|
| Preferred $0.001 par | 5,000,000 | None | | Common $0.001 par | 50,000,000 | 12,239,951 |
| | | | LONG TERM DEBT: None. | | | | Common $0.001 par | | | |
Stockholders:
03/24/2009,
58.
| | PRINCIPAL STOCKHOLDERS: March 24, 2009, Wayne Anderson owned or controlled 41.8% of the Common, and Jim Anderson 24.5%. | | | |
Transfer Agent: Olde Monmouth Stock Transfer Co., Inc.
Atlantic Highlands
, NJ | | | | OTC Bulletin Board( Primary): ADVE | | | | Exchange | Year | High | Low |
|---|
| OTC Bulletin Board | 2009 | 0.6800 | 0.0400 |
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| | | | DIVIDENDS: Common $0.001 par: No cash.
Common split 1,000-for-1, April 2008. | | | | | |
| | Annual Report |
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| | | Income Statement | |
| 2008 |
|---|
| Selling, general and administrative exps. | 36,845 | | Research and development exp. | 7,500 | | Other operating exps. | 718,580 | | Other income-investment stock gain | 2,241 | | Net income | (760,684) | | Share earns. basic | ($0.07) | | Share earns. diluted | ($0.07) | | Avge. com. shs. | 11,174,225 |
| | | | Balance Sheet | |
| 2008 |
|---|
| Assets: |
| | Cash & equiv. | 27,389 | | Tot. curr assets | 27,389 | | Net property | 6,000 | | Total assets | 33,389 | | Liabilities: |
| | STOCKHOLDERS EQUITY |
| | Com. stk. p.$0.001 | 12,239 | | Paid-in cap. | 781,734 | | Retained earns. | (760,684) | | Total liabs. | 33,289 | | Common Shares Issued | 12,239,951 |
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| | Interim Report
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| | | Data Not Available | | | | | | | | | |
| | Pro Forma Report
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| | | Data Not Available | | | | | | | | | |
| | Quarterly Report Information
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| | | Quarterly Revenue, US$ |
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| Year | Quarter | Revenue | | 2009 |
3 | 50,000 |
| | | | | | Quarterly Net Income, US$ |
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| Year | Quarter | Revenue | | 2009 |
1 | (190,000) | | 2009 |
2 | (950,000) | | 2009 |
3 | (350,000) | | 2008 |
4 | (500,000) | | 2008 |
Full Year
| (1,010,000) |
| | | | | | Quarterly EPS, US$ |
|---|
| Year | Quarter | Revenue | | 2009 |
1 | (.02) | | 2009 |
2 | (.07) | | 2009 |
3 | (.02) | | 2008 |
2 | Nil | | 2008 |
3 | (.04) | | 2008 |
4 | (.04) | | 2008 |
Full Year
| (.07) |
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