Business
QED Connect, Inc. Announces Business Strategy for 2013 "Quod Erat Demonstrandum"
QED Connect, Inc. Announces Business Strategy for 2013 "Quod Erat Demonstrandum".
About this update from Qed Connect, Inc.
[{"type":"text","content":"\n\n\n\n\n\n\n\nQED Connect, Inc. Announces Business Strategy for 2013 \"Quod Erat Demonstrandum\"\n\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\n\n\n\n\nQED Connect, Inc. Announces Business Strategy for 2013 \"Quod Erat Demonstrandum\"\n\nPR Newswire\n\nMANCHESTER, N.H., Feb. 12, 2013\n\n\n\n\n\n\n\nMANCHESTER, N.H., Feb. 12, 2013 /PRNewswire/ -- Management of QED Connect, Inc. (OTPInk: QEDN) today announced its business strategy for 2013, reiterating the Company's plans to move forward in the oil and gas sector in 2013. \n\n\nDuring 2012, the Company announced the execution of several definitive purchase agreements and letters of intent to acquire resource companies based in the former Soviet Union. The Company believes that the exploitation of the reserves held by these companies will lead to income of over $500 million over the next few years provided that the Company is able to obtain the necessary financing. \n\n\nIn 2013, the Company's plans are as follows:\n\n\n\n\nComplete due diligence for the acquisition of AFON 2010. AFON 2010's leases have the potential to produce 119,000,000 barrels of oil, valued at $130 million. QED's financial projections show $45 million in revenue based on five wells and production of 500 barrels per day per well. Upon successful completion of the due diligence, we intend to close the acquisition per the purchase agreement signed in October 2012. \n\nComplete due diligence for Kuma Oil. Kuma owns oil and gas rights in the Russian territory of Perm Krai, where oil was first found in 1929. Perm Krai is one of the richest resource regions in Russia and has deposits of oil, gas, coal, mineral salts, gold, diamonds, bog iron ore, peat, limestone, precious and decorative stones, and construction materials. Kuma's proven and proven undeveloped reserves are valued at approximately $525 million. Upon successful completion of the due diligence, we intend to close the acquisition per the purchase agreement signed in January 2013. \n\nSign a definitive agreement to purchase Terra Resources, which has oil and gas...