10-Bagger MINIMUM Rise from July 1, 2005 until December 31, Message Board

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Microcap & Penny Stocks : 10-Bagger MINIMUM Rise from July 1, 2005 until December 31,

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From: monu	12/5/2005 6:21:14 PM
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Efcr's ceo has been suspended? Other Events ITEM 8.01 OTHER EVENTS On November 22, 2005, greater than a majority of the Board of Directors of the Registrant approved a corporate restructuring and reorganization resulting in, among other things, certain changes to the executive offices and staff positions and the creation of certain committees (the "Reorganization"). The Reorganization became effective on November 30, 2005 and is intended to more effectively align the Company in anticipation of growth in its domestic and international oil production. As a result of the Reorganization, the position of Chief Executive Officer has been eliminated and the Registrant's former Chief Executive Officer has been suspended. It is intended that the Reorganization will allow the executive management to focus more precisely on operations with less bureaucracy and stifling bottlenecks to more effectively deal with critical timelines. The Reorganization calls for the creation of specific related executive and finance committees, which will collectively streamline operations and allow pertinent business and finance matters to move through a more efficient and deliberative process for recommendation to the Board of Directors. Each committee will be comprised of a variety of specific talents with the expertise needed to effectively address certain oil and gas matters, as well as finance issues that require Board approval.

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