First Colombia Gold(OTC) FCGD

First Colombia Gold Corp. is a Nashville-based company focused on the exploration and extraction of oil and natural gas. The company operates through its Energy and Mining divisions, managing a portfolio of active oil wells and mineral claims.

Products and Services

• Exploration and extraction of oil and natural gas
• Management of 96 active oil wells across multiple counties
• Mining operations focused on valuable mineral prospecting

Growth Outlook

• Possesses interests in 96 active oil wells, indicating strong operational capacity
• Mining segment includes two unpatented claims covering 40 acres
• Strategic focus on expanding energy and mining operations in the U.S.

Financial Highlights

• Recent quarterly net income of -$1,921, reflecting ongoing operational challenges
• Trailing twelve months (TTM) revenue remains at $0, indicating a need for growth
• Total liabilities of $162,377, highlighting financial obligations

First Colombia Gold Corp. has established itself in the energy and mining sectors, with a focus on oil and natural gas extraction. The company operates 96 active oil wells, which provides a solid foundation for potential revenue generation. Additionally, the mining division is actively exploring valuable mineral claims, which could enhance the company's asset base. Despite the promising operational aspects, the financial performance has shown challenges, with recent quarterly reports indicating a net loss. The company has not generated revenue in the trailing twelve months, which raises questions about its financial sustainability. The total liabilities are significant, suggesting that careful management of financial resources will be essential moving forward. Investors may find interest in the company's strategic positioning within the energy sector and its potential for growth, particularly if operational efficiencies can be improved and revenue generation can be achieved.