Cambridge Energy Corp. Files Registration Statement to Become a Reporting Company

Strategic Insights -

Cambridge Energy Corp., an oil and gas production company, has announced its plan to become a reporting company by filing a Registration Statement with the Securities and Exchange Commission. This move will subject the company to federal securities laws, including quarterly and annual reporting requirements. As a result, Cambridge Energy will become subject to increased transparency and regulatory oversight. The company's strategy focuses on exploiting proven oil and gas fields in domestic areas, capitalizing on the reduced exploration efforts by major oil and gas producers.

Key Takeaways:

  • Cambridge Energy Corp. has filed a Registration Statement with the Securities and Exchange Commission to become a reporting company under sec. 12(g) of the Securities Exchange Act of 1934.
  • The company will be required to file quarterly and annual reports with the Securities and Exchange Commission upon the effectiveness of the Registration Statement.
  • Cambridge Energy's strategy involves focusing on domestic oil and gas fields, which have been neglected by major producers in favor of offshore and overseas exploration.
  • The company aims to extract proven reserves at lower risk and lower costs compared to unproven field exploration.
  • The company's forward-looking statements involve certain risks and uncertainties, including those related to future financial results, regulatory approval processes, and competitiveness.

Statistics:

  • The Securities and Exchange Commission will receive quarterly and annual reports from Cambridge Energy Corp. upon the effectiveness of the Registration Statement.
  • Cambridge Energy Corp. operates natural gas and crude oil properties primarily in Southern Louisiana.
  • The company has proven reserves and aims to exploit considerable oil and gas in these fields.

Sources:

  • Business Wire, June 22, 1998
  • Securities Exchange Act of 1934, sec. 12(g)