"The hiring of a qualified SEC accounting firm is a significant step for our company," said Jack Carson, Creston's president and CEO. "This will also provide a vehicle for our investors to access financial and operational information about the company that will be available to the public on a regular reporting basis."
Creston has has engaged accounting firm Hall, Kistler & Co. and engineering firm Ryder Scott in preparation of the company filing a Form 10-SB with the US Securities and Exchange Commission (SEC) to become a fully reporting public company. The company also anticipates filing a Form 211 and its audited financial statements with the National Association of Securities Dealers (NASD) to be listed on the Over the Counter Bulletin Board (OTCBB).
Ryder Scott has begun work on a reserve report for Creston that will include its newly acquired properties announced last week. The report, which will offer a comprehensive overview of the company's oil and gas reserves according to SEC-approved guidelines, is another step that has been undertaken to become fully reporting. Work on the report is ongoing and will be announced once finalized.
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