Edgar Filing: TIDELANDS OIL & GAS CORP/WA - Form 10-K
future; we will be able to acquire assets on
terms; any acquisitions will operating surplus; or
incurred to finance an
acquisition to you.
will not affect
to make acquisitions on economically
acceptable terms, our future financial performance performance of our present gas gathering network.
operationally limited to the
Our acquisition strategy involves many risks, including:
inherent in the
systems; the diversion of concerns; and
from other business
the potential loss of key employees of acquired businesses.
In addition, future acquisitions upon the nature, size and timing
may involve significant expenditures. Depending
secure finan available to
cing. We cannot assure us on acceptable terms.
OUR BUSINESS PROPANE, WHIC
IS DEPENDENT UPON PRICES H ARE BEYOND OUR CONTROL AND
DEMAND FOR NATURAL
th respect to
commodity prices, as a result of our
We are subjec
t to significant
risks due to
the prices of activities.
The markets a These factors changes in ma
nd prices for residue gas depend upon
include demand rket and economic
for oil, and natural conditions and other
factors beyond our control. gas, which fluctuate with factors, including:
the impact of weather on the demand for oil and natural gas;
the level of domestic oil and natural gas production;
the availability of imported oil and natural gas;
the availability of local, intrastate and interstate
the availability and marketing of competitive fuels;
the impact of energy conservation efforts; and
the extent of governmental regulation and taxation.
WE GENERALLY DO NOT OWN THE LAND ON WHICH OUR PIPELINES ARE CONSTRUCTED AND WE ARE SUBJECT TO THE POSSIBILITY OF INCREASED COSTS FOR THE LOSS OF LAND USE.
do not own the
our pipelines and operate the
are constructed. pipelines on other
people's land for a period of time. business could be affected negatively.
If we were to lose
RISKS RELATED TO THE RETAIL PROPANE AND ASSOCIATED BUSINESSES
Decreases in the demand for propane
may adversely operations.
because of warmer weather condition and results of
Weather conditions have a significant impact on the demand for