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| | Business Summary: Capital City Energy Group, Inc., through its subsidiaries, offers energy services. The company provides oil and natural gas production, drilling, operating, acquisitions, and fund management. It also structures, funds, and manages energy properties. | | | Address
8351 North High Street, Suite 101
Columbus
, OH 43235
Phone: 614-310-1614
Fax: 614-310-1610
Website: http://www.capcityenergy.com
| | Auditor |
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Moore & Associates
Las Vegas | | Transfer Agent |
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Empire Stock Transfer Inc.
| Employees: 17
ShareHolders: 424 | Founded: 2003
Domicile: Nevada | | | |
| | Capital City Energy Group, Inc., through its subsidiaries, offers energy services. The company provides oil and natural gas production, drilling, operating, acquisitions, and fund management. It also structures, funds, and manages energy properties. The company markets its services under the Triad brand name. Capital City Energy Group was founded in 2003 and is based in Columbus, Ohio. | | History: INCORPORATED in Nevada June 27, 2006, as The BabyDot Company; name changed to Capital City Energy Group, Inc. Jan. 22, 2008.
August 15, 2006, acquired Baby Dot, LLC for 2,000,000 Common shares.
March 11, 2008, acquired Capital City Petroleum, Inc. through the merger of a wholly owned subsidiary of the company into Capital City Petroleum. Holders of Common stock of Capital City Petroleum received 20,750,740 newly issued Common shares of the company; and holders of Series A Preferred stock of Capital City Petroleum received 3,142,650 newly issued shares of the company's Series A Preferred stock.
Capital City Petroleum, LLC was formed in Delaware Sept. 21, 2006; and on Sept. 29, 2006, merged Capital City Petroleum, LLC, an Ohio limited liability company. Merged concern was formed in Ohio May 2, 2003, as Capital City Marketing Services, LLC; name changed to Capital City Petroleum, LLC Sept. 30, 2003. Capital City Petroleum, LLC, the Delaware limited liability company, converted to a Delaware corporation and changed its name to Capital City Petroleum, Inc. on Oct. 18, 2007. | | | | Subsidiaries: |
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Avanti Energy Partners, LLC
Capital City Petroleum, Inc.
Eastern Well Services, LLC
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Management
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| Officers | Position |
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| Timothy W. Crawford | Chairman | | Daniel R. Coffee | President, Secretary & Chief Operating Officer | | Douglas B. Crawford | Chief Financial Officer & Chief Accounting Officer | | Joseph Sites | Exec VP | | John F. Harsh | SR VP | | Greg Reed | Controller | | Susan Johnson | Investor Relations Contact |
| | Directors |
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| James E. Bishop | | Daniel R. Coffee | | Timothy W. Crawford | | Lee Alan Robinson | | Joseph Sites | | Joseph A. Smith | | | |
| | | | Capitalization as of 03/31/2008: | | | | | Authorized Shares | Outstanding Shares |
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| Preferred $0.001 par | 10,000,000 | 3,142,650so1 | | Common $0.001 par | 90,000,000 | 26,880,536 |
| | | | LONG TERM DEBT: $50,984. | | | | Common $0.001 par | | | |
Stockholders:
03/11/2008,
424.
| | PRINCIPAL STOCKHOLDERS: March 11, 2008, Michael J. McKenzie owned or controlled 9.1% of the Common, Timothy W. Crawford 9.1%, Todd E. Crawford 9.0%, Gary T. Sturtz 9.0% and Joseph A. Smith 5.2%. | | | |
Transfer Agent: Empire Stock Transfer Inc.
Henderson
, NV | | | | OTC Bulletin Board( Primary): CETG | | | | Exchange | Year | High | Low |
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| OTC Bulletin Board | 2008 | 6.0000 | 0.2500 | | OTC Bulletin Board | 2007 | 0.5100 | 0.2000 |
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| | | | RECENT DIVIDENDS: Common $0.001 par: None. | | | | | |
so1Consists of Ser. A Preferred. | |
| | Annual Report |
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| | | Income Statement | |
| 2007 | 2006 |
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| Revenues | 1,893 | 1,880 | | Cost & exps. | 19,264 | 7,505 | | Oper. income as calculated | (17,371) | (5,625) | | Depr. & amort. | 11 | -- | | Net income | (17,382) | (5,625) | | Share earns. basic | Nil | Nil | | Avge. com. shs. | 8,986,849 | 2,797,260 |
| | | | Balance Sheet | |
| 2007 | 2006 |
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| Assets: |
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| | Cash & equiv. | 7,131 | 5,014 | | Inventories | -- | 1,147 | | Other curr. assets | -- | 5 | | Tot. curr assets | 7,131 | 6,166 | | Net property | 661 | -- | | Total assets | 7,792 | 6,166 | | Liabilities: |
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| | Accts. pay. | 1,250 | 2,303 | | Advances | 7,749 | 2,488 | | Tot. curr. liabs. | 8,999 | 4,791 | | Com. stk. p.$0.001 | 9,960 | 7,000 | | Paid-in cap. | 11,840 | -- | | Retained earns. | (23,007) | (5,625) | | Total liabs. | 7,792 | 6,166 | | Equity per Share | NM | Nil | | Common Shares | 9,960,000 | 7,000,000 |
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* On March 5, 2008, Capital City Energy Group, Inc. (fka The Baby Dot Company) (the Company) entered into an Agreement and Plan of Merger (the Merger Agreement) with Capital City Petroleum, Inc., a privately held Delaware corporation (Capital City Petroleum), and BabyDot Acquisition Corp. (Acquisition Sub), a newly formed wholly-owned Delaware subsidiary. In connection with the closing of this merger transaction, on March 5, 2008, Acquisition Sub merged with and into Capital City Petroleum (the Merger) with the filing of a certificate of merger with the Delaware Secretary of State. As such, Capital City Petroleum became a wholly owned subsidiary of the Company. Each share of Capital City Petroleum common stock issued and outstanding immediately prior to the closing of the Merger was converted into the right to receive ten (10) shares of our common stock, par value $0.001 per share. As a result, the shareholders of common stock of Capital City Petroleum received 20,750,740 newly issued shares of Common Stock. The Merger is being accounted for as a reverse merger, as the stockholders of Capital City Petroleum own a majority of the outstanding shares of our capital stock immediately following the Merger and now control our Board of Directors. Capital City Petroleum is deemed to be the accounting acquirer in the reverse merger.
Following results reflect the Income Account and Balance Sheet of Capital City Petroleum, Inc., for the years ended December 31: (Thou. $) | | | |
| | Interim Report
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| | | Data Not Available | | | | | | | | | |
| | Pro Forma Report
11/01/2006 - 10/31/2007 |
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| | | Income Statement | |
| 2007 |
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| Revenues | 2,903 | | Cost & exps. | 1,411 | | Oper. income as calculated | 1,492 | | Other income | 101 | | Total income | 1,593 | | Depr. & amort. | 776 | | Interest exp. | 483 | | Income tax | 164 | | Net income | 170 |
| | | | Balance Sheet | |
| 2007 |
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| Assets: |
| | Cash & equiv. | 208 | | Accts. rec., net | 415 | | Other curr. assets | 45 | | Tot. curr assets | 668 | | Net property | 7,363 | | Total assets | 8,031 | | Liabilities: |
| | Notes pay. | 100 | | Accts. pay. | 362 | | Tot. curr. liabs. | 462 | | Notes pay. | 164 | | Pfd. stk. | 3 | | Com. stk. p.$0.001 | 27 | | Paid-in cap. | 6,272 | | Retained earns. | 1,103 | | Total liabs. | 8,031 | | Equity per Share | $0.28 | | Common Shares (Thou.) | 26,811 |
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* Above pro forma results give effect to the March 5, 2008 Merger between Capital City Energy Group, Inc. and Capital City Petroleum, Inc., assuming the transaction had occurred at the beginning of the period presneted. | | | |
| | Quarterly Report Information
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| | | Quarterly Revenue, US$ |
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| Year | Quarter | Revenue | | 2008 |
1 | 560,000 | | 2008 |
2 | 1,010,000 | | 2008 |
3 | 780,000 | | 2007 |
1 | 700,000 | | 2007 |
2 | 730,000 | | 2007 |
3 | 750,000 | | 2007 |
4 | 720,000 | | 2007 |
Full Year
| 2,900,000 | | 2006 |
Full Year
| 3,890,000 |
| | | | | | Quarterly Net Income, US$ |
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| Year | Quarter | Revenue | | 2008 |
1 | 110,000 | | 2008 |
2 | (640,000) | | 2008 |
3 | (450,000) | | 2007 |
4 | 260,000 | | 2007 |
Full Year
| 190,000 | | 2006 |
Full Year
| 480,000 | | 2005 |
Full Year
| (40,000) |
| | | | | | Quarterly EPS, US$ |
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| Year | Quarter | Revenue | | 2008 |
1 | Nil | | 2008 |
2 | (.04) | | 2008 |
3 | (.03) | | 2007 |
4 | .05 | | 2007 |
Full Year
| .01 | | 2006 |
Full Year
| .19 |
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