Business
Shareholder Letter
Shareholder Letter.
About this update from Blue Earth Resources, Inc.
[{"type":"text","content":"May 2, 2013\n \n \nDear Shareholders: \n \nAlthough 2012 was a difficult year for us, the Company is now well positioned for future success. We are optimistic about our change in our business strategy. \n \nBlue Earth Resources, Inc. (BERI) formerly Century Controls International, Inc. is a Utah corporation. Our operating subsidiary, PetroResources, Inc. (Petro) was incorporated in Nevada in 2006. Petro has engaged in the acquisition and asset management of royalty, and overriding royalty interests, and/or non-operating working interests in producing oil and gas properties in the United States. \n \nIn early 2013 the Board of Directors and the management team of Blue Earth determined a fundamental shift in its business model from acquiring non-operating working interest well to active well operations and acquiring majority interest in its wells. This change was brought about through the acquisition of key management and properties in Louisiana and Texas. The management team brings over 80 years of experience in the oil and gas industry. With the addition of 2 new key oil & gas management and board personnel BERI has become unique in the sense that BERI has evolved into a hands-on oil & gas company with the focus on being able to cut expenses and drive more money to the bottom line. Mark Bryant, COO and Board member, was raised in the Louisiana oil field and has extensive knowledge of the industry backed with a legal education. He has over 33 years in the oil field. John Sartor, Board member, has over 55 years experience in the oil & gas industry. He has fabricated drilling rigs and drilled wells to depths reaching 10,000 ft. He has an extensive drilling background. With these additional management personnel, BERI can negotiate better prices and acquire more lucrative properties while dr...