Thursday, April 24, 2014

Innocent, Inc. (INCT) Minimizes Risk, Maximizes Profits

Many mining and exploration companies try to hit a gold mine in areas all over the world. Innocent is looking for gold, too, but its operations are limited to mineral properties in Ecuador. The company’s primary focus is on gold deposit sites in the South American country, but it also has oil and gas interests here in the states.

Innocent was founded in 2006. It’s based in Melbourne, Florida, and led by two key executives. Mr. Wayne A. Doss, 61, is the company’s Chief Executive Officer, President, Chief Financial Officer, Secretary, and Director. Mr. Patrick J. Johnson, 37, is the Chief Operating Officer and a Director.

Innocent has a narrow, clearly defined strategy where its focus is on 100% acquisitions and joint ventures. These have been and will be done all in the name of taking production capacity to the farthest it can go. The company aims to minimize the risks associated with exploration by developing proved petroleum reserves. As risks are minimized, profits will be maximized through strategic acquisition and liquidation of oil and gas properties.

The company’s most recent development dates back to November 2013, when it announced that it signed an exploration agreement with Evergreen Petroleum. Evergreen is based out of Dallas, Texas, and boasts 150 years of oil and gas industry experience. Innocent partnered with Evergreen due to their combined interest in the Powder River Basin of Wyoming, where formations are generally shallow.

Evergreen’s role in the exploration agreement is to select the areas to lease, drill exploratory and development wells, and produce whatever oil and gas is found. Innocent was excited to partner with Evergreen because of its experience in the region and believes the property will benefit both companies.

As of April 2014, the company has filed the SEC’s 10-Q Form, and has issued a quarterly and annual report. For information on this news, please visit www.innocentinc.com

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