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Sharpe Resources Corp (PK:SHGP)

Business Focus: Mining Support Activities

Sector:  Basic Materials Industry:  Mining Support Services & Equipment
Company Contact
Address: 3252 Mob Neck Road, Heathsville
Tel: 1-800-6318127
Website: N/A
Key People
Roland M. Larsen
President, Chief Executive Officer, Director
Kimberly L. Koerner
Treasurer, Director
Business Overview
Sharpe Resources Corp (Sharpe) is a Canada-based company, which is engaged in the development of mineral resources in the United States. The Company's business is the acquisition and development of bituminous coal in Eastern Kentucky. The Company has oil and gas royalty interests in Texas through its wholly owned subsidiary, Sharpe Energy Company, in the United States. The Company has approximately 50% interest in the Campton project surface strip mine operation, located in Wolfe County. The Company's Campton mining rights in Wolfe County, KY (Campton Mine) cover more than 1,000 acres. The Company sells its coal to the electric power generation market.
Financial Overview
For the nine months ended 30 September 2012, Sharpe Resources Corp revenues decreased 93% to $9K. Net loss increased from $22K to $79K. Revenues reflect Petroleum and natural gas revenue decrease of 92% to $9K, Other income Operating and administrat decrease from $17K to $0K. Higher net loss reflects Interest on Advance increase from $0K to $1K (expense).