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Oil Gas Drilling Exploration
Sure, I can provide some general information about Savage Resources, Inc. (SRGG), a public company involved in oil and gas drilling exploration in the USA. However, I must clarify that while I strive to provide accurate information, I encourage you to conduct your own research or consult with a financial advisor before making investment decisions.
Company Overview:
Savage Resources, Inc. (SRGG) is an exploration-stage company primarily engaged in the acquisition and exploration of oil and gas properties in the United States. The company's headquarters are based in Houston, Texas. SRGG was incorporated in 2012 and has been publicly listed on the Over-the-Counter (OTC) market under the symbol "SRGG" since then.
Financials and Growth:
As an exploration-stage company, Savage Resources, Inc. has not yet achieved profitability and has limited revenues. It is common for companies at this stage to incur losses and rely on financing through debt or equity issuances to fund their operations and exploration activities.
To better assess their financial performance, some key factors to consider when evaluating SRGG include:
1. Financial Statements: Review their income statements, balance sheets, and cash flow statements to understand their revenue, expenses, assets, liabilities, and cash position.
2. Exploration Costs: Analyze their exploration and development expenses to evaluate their investment in potential future production.
3. Reserves: Look for any information disclosed on the company's proven, probable, and possible oil and gas reserves, which can indicate their potential future revenue.
4. Financing: Assess their financing efforts, such as equity or debt issuances, to ensure they can fund their exploration activities in the short and long term.
Earnings:
As a pre-revenue company, Savage Resources, Inc. does not have any earnings to report. Therefore, when evaluating SRGG, focus on their exploration efforts, financial position, management team, and other factors that might impact their future profitability.
Management Team and Governance:
Assessing a company's management team and governance structure is an essential part of making an investment decision. Key factors to consider include:
1. Management Team: Evaluate the experience and track record of the management team, particularly their expertise in the oil and gas industry.
2. Board of Directors: Analyze the composition and experience of the board members, including their independence, expertise, and potential conflicts of interest.
3. Corporate Governance: Review the company's corporate governance policies, such as their code of ethics, internal controls, and executive compensation, to ensure they align with best practices.
As an investor, it is crucial to stay informed and conduct thorough research on Savage Resources, Inc. (SRGG) or any other company you are considering. Analyze the company's fundamentals, financial position, exploration activities, and management team, and compare them to their peers in the oil and gas industry. Additionally, consider seeking advice from a financial advisor or investment professional.