OTC Bulletin Board
S & P Company Insight for STELLAR RESOURCES |
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Profile
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| Business Summary: Stellar Resources, Ltd. engages in the acquisition, exploration, and development of oil and gas properties in Canada and the United States. | | | Address 3155 East Patrick Lane, Suite 1
Las Vegas
, NV 89120-3481
Phone: 702-898-6004
| | Auditor |
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Dale Matheson Carr-Hilton LaBonte
| | Transfer Agent |
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Pacific Stock Transfer Co.
| | ShareHolders: 33 | Founded: 1999 Domicile: Nevada | | | |
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Background
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| Stellar Resources, Ltd. engages in the acquisition, exploration, and development of oil and gas properties in Canada and the United States. It has an option to earn a 50% interest in 2 land packages, Beatton and Alces claims covering an area of approximately 7,448 hectares located in the northeast part of British Columbia, Canada. The company was founded in 1999. It was formerly known as V.I.P.C. Com and changed its name to Stellar Resources, Ltd. in 2003. The company is based in Las Vegas, Nevada. As of April 28, 2005, Stellar Resources Ltd (ASX:SRZ) operates independently of Gravity Diamonds Ltd. | | History: INCORPORATED in Nevada Apr. 9, 1999, as V.I.P.C.Com; name changed to Stellar Resources Ltd. Jan. 6, 2003. | | | | | | | | | |
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Management
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Management
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| Officers | Position |
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| Kathy Whyte | President, Chief Financial Officer & Chief Executive Officer | | Michael Rezac | Secretary & Treasurer |
| | Directors |
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| Michael Rezac | | Kathy Whyte | | | |
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Annual Report
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| Annual Report |
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| | | Income Statement | |
| 2007 | 2006 |
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| EXPENSES | 531,806 | 48,655 | | Foreign exchange gain | 2,161 | (8,698) | | Interest exp. | 1,634 | 4,926 | | Net income | (531,309) | (62,279) | | Share earns. basic | ($0.02) | Nil | | Share earns. diluted | ($0.02) | Nil | | Average shares | 27,372,316 | 21,409,320 |
| | | | Balance Sheet | |
| 2007 | 2006 |
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| ASSETS |
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| | CURRENT ASSETS |
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| | Cash | 159 | 371 | | Other current assets | 900 |
| | Total current assets | 1,059 | 371 | | Total assets | 1,059 | 371 | | LIABILITIES AND STOCKHOLDERS' EQUITY |
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| | CURRENT LIABILITIES |
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| | Accounts payable and accrued liabilities | 7,701 | 7,292 | | Notes payable | 20,908 | 119,086 | | Due to related party | 126,367 | 59,690 | | Total current liabilities | 154,976 | 186,068 | | STOCKHOLDERS' EQUITY |
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| | Common stock $0.001 par value | 28,640 | 21,409 | | Additional paid-in capital | 914,166 | 68,824 | | Deficit accumulated during the exploration stage | (807,239) | (275,930) | | Other stockholders' equity | (289,484) | -- | | Total stockholders' equity | (153,917) | (185,697) | | Total liabilities | 1,059 | 371 | | Common Shares | 28,640,196 | 21,409,320 |
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Interim Report
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| Interim Report
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| | | Data Not Available | | | | | | | | | |
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Pro Forma Report
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| Pro Forma Report
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| | | Data Not Available | | | | | | | | | |
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Quarterly Report
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| Quarterly Report Information
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| | | Quarterly Revenue, US$ |
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| Year | Quarter | Revenue | | 2008 |
1 | Nil | | 2008 |
3 | Nil | | 2007 |
1 | Nil | | 2007 |
2 | Nil | | 2007 |
3 | Nil | | 2007 |
Full Year
| Nil | | 2006 |
1 | Nil | | 2006 |
2 | Nil | | 2006 |
3 | Nil | | 2006 |
Full Year
| Nil | | 2005 |
1 | Nil | | 2005 |
2 | Nil | | 2005 |
3 | Nil | | 2005 |
4 | Nil | | 2005 |
Full Year
| Nil | | 2004 |
2 | Nil | | 2004 |
3 | Nil | | 2004 |
Full Year
| Nil | | 2003 |
Full Year
| Nil |
| | | | | | Quarterly Net Income, US$ |
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| Year | Quarter | Revenue | | 2008 |
1 | (90,000) | | 2008 |
2 | (70,000) | | 2008 |
3 | (70,000) | | 2007 |
1 | (290,000) | | 2007 |
2 | (80,000) | | 2007 |
3 | (80,000) | | 2006 |
1 | (20,000) | | 2006 |
2 | (10,000) | | 2006 |
3 | (10,000) | | 2006 |
Full Year
| (62,300) | | 2005 |
1 | (20,000) | | 2005 |
2 | 0 | | 2005 |
3 | (10,000) | | 2005 |
4 | (10,000) | | 2005 |
Full Year
| (35,100) | | 2004 |
2 | (10,000) | | 2004 |
3 | (170,000) | | 2004 |
Full Year
| (76,800) | | 2003 |
Full Year
| (55,000) |
| | | | | | Quarterly EPS, US$ |
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| Year | Quarter | Revenue | | 2008 |
1 | Nil | | 2008 |
2 | Nil | | 2008 |
3 | Nil | | 2007 |
1 | (.01) | | 2007 |
2 | Nil | | 2007 |
3 | Nil | | 2007 |
Full Year
| (.02) | | 2006 |
1 | Nil | | 2006 |
2 | Nil | | 2006 |
3 | Nil | | 2006 |
Full Year
| Nil | | 2005 |
1 | Nil | | 2005 |
2 | Nil | | 2005 |
3 | Nil | | 2005 |
4 | Nil | | 2005 |
Full Year
| Nil | | 2004 |
2 | (.00) | | 2004 |
3 | Nil | | 2004 |
Full Year
| Nil | | 2003 |
Full Year
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Stock Data
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| | | Capitalization as of 01/31/2008: | | | | | Authorized Shares | Outstanding Shares |
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| Common $0.001 par | 200,000,000 | 28,640,196 |
| | | | LONG TERM DEBT: None. | | | | Common $0.001 par | | | |
Stockholders:
10/26/2007,
33.
| | PRINCIPAL STOCKHOLDERS: October 26, 2007, Kathy Whyte owned or controlled 20.9% of the Common. | | | |
Transfer Agent: Pacific Stock Transfer Co.
Las Vegas
, NV | | | | OTC Bulletin Board( Primary): SRRL | | | | Exchange | Year | High | Low |
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| OTC Bulletin Board | 2007 | 0.3800 | 0.0600 | | OTC Bulletin Board | 2006 | 1.9200 | 0.3100 | | OTC Bulletin Board | 2005 | 0.7500 | 0.0500 |
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| | | | DIVIDENDS: Common $0.001 par: No cash.
Common $0.001 par was split 6-for-1, ex-Oct. 20, 2006. | | | | | |
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