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Smartchase Corp (SCHS)

Smartchase Corp (SCHS)
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Northern Empire Energy Corporation was organized April 24, 2006 under the laws of the State of Nevada, as Political Calls, Inc. On November 17, 2008, the Company changed its name from Political Calls, Inc. to Northern Empire Energy Corp. The Company is an emerging oil and gas exploration company that focuses on the acquisition of oil and natural gas interests; including leases, wells, mineral rights, working interests, royalty interests, overriding royalty interests, net profits interests, and production payments in Canada. On January 27, 2010, the Company announced it has acquired 100% of the Petroleum and Natural Gas lease rights on nine sections in the Redwater Region, north-east of Edmonton Alberta, Canada. The Redwater Atoll Reef is classified as one of the major petroleum fields in the world, of Leduc age and a prolific oil reservoir. In excess of approximately 700 million barrels of oil has been produced from the Redwater oil field. The Company plans to pursue prospects in partnership with other companies with exploration, development and production expertise, and also plans to pursue alliances with partners in the areas of geological and geophysical services and prospect generation, evaluation and prospect leasing. The Company's operations are subject to regulation under a wide range of provincial, state and federal statutes, rules, orders and regulations. It also require permits for drilling operations, drilling bonds and reports concerning operations.
(Values in U.S. Thousands) Apr, 2012 Apr, 2011 Apr, 2010 Apr, 2009 Apr, 2008
Sales 731,990 762,070 896,670 1,046,980 1,087,900
Sales Growth -3.95% -15.01% -14.36% -3.76% +4.29%
Net Income -134,010 -356,270 25,850 34,540 41,120
Net Income Growth +62.39% -1,478.22% -25.16% -16.00% +127.94%
(Values in U.S. Thousands) Apr, 2012 Apr, 2011 Apr, 2010 Apr, 2009 Apr, 2008
Total Assets 463,520 637,540 1,067,820 1,075,050 1,117,320
Total Assets Growth -27.30% -40.30% -0.67% -3.78% +0.58%
Total Liabilities 395,570 435,910 516,630 578,170 638,630
Total Liabilities Growth -9.25% -15.62% -10.64% -9.47% +6.74%
(Values in U.S. Thousands) Apr, 2012 Apr, 2011 Apr, 2010 Apr, 2009 Apr, 2008
Operating Cash Flow 17,890 60,010 112,050 71,210 103,700
Operating Cash Flow Growth -70.19% -46.44% +57.35% -31.33% +14.13%
Net Cash Flow -9,330 -11,210 19,160 -2,160 1,640
Change in Net Cash Flow +16.77% -158.51% +987.04% -231.71% +16,501.64%
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