PLANO, TX, June 6, 2012 /PRNewswire/ - Baby All Corp. (OTCBB: BABA). As Previously announced, effective May 21, 2012, Baby All Corp. changed its corporate name to Santa Fe Petroleum, Inc. (Santa Fe). The change in name reflects Santa Fe's business strategy and sole focus of acquisition, exploration, and production development of oil and gas properties. The Company has commenced the process with FINRA for the name and trading symbol change and anticipates its name change to Santa Fe Petroleum, Inc. through FINRA in the near future.
Santa Fe has accumulated over 2,000 mineral interest lease acres to date for drilling oil well projects and continues to work toward leasing several thousand additional acres for numerous oil drilling projects for 2012 and 2013. Sante Fe's strict guideline for the selection of oil and gas drilling projects has guided our executive team through success for nearly fifteen years and the current project is no exception.
Santa Fe's primary mission and goals are specifically designed to identify and exploit oil and gas projects with the highest potential for success and the highest possible return on investment. The attainment of our mission is accomplished by Santa Fe's commitment to the highest standards for the screening of each and every project. Santa Fe's strategy is to seek out undeveloped oil and gas fields in existing trends or unknown formations that offer the greatest potential to access virgin reservoir pressures, thereby enhancing the opportunity to capture substantial oil and gas reserves. To date these standards have proven very successful as evidenced by our tremendous success rate. These standards, Santa Fe's highly experienced team, and the latest state-of-the-art technology have all contributed greatly to the success of Santa Fe.
Santa Fe is currently organizing plans for completing its original test well in our current project over the next few months as well as additional drilling projects with near-term cash flow potential and an aggressive plan for leasing acreage.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on current management's expectations. These statements may be identified by their use of words like "plans," "expect," "aim," "believe," "projects," "anticipate," "intend," "estimate," "will," "should," "could," and other expressions that indicate future events and trends. All statements that address expectations or projections about the future, including statements about our business strategy, expenditures, and financial results are forward-looking statements. Actual results could differ materially from those in the forward-looking statements due to a number of uncertainties including, but not limited to, those discussed in this section. Factors that could cause future results to differ from these expectations include general economic conditions, further changes in our business direction or strategy; competitive factors, oil and gas exploration uncertainties, and an inability to attract, develop, or retain technical, consulting, managerial, agents, or independent contractors. As a result, the identification and interpretation of data and other information and their use in developing and selecting assumptions from and among reasonable alternatives requires the exercise of judgment. To the extent that the assumed events do not occur, the outcome may vary substantially from anticipated or projected results, and accordingly, no opinion is expressed on the achievability of those forward-looking statements. No assurance can be given that any of the assumptions relating to the forward-looking statements are accurate, and management assumes no obligation to update any such forward-looking statements.
This news release does not constitute an offer to sell or a solicitation of an offer to buy securities. The offer and sale of the Warrants and any other securities has not been and will not be registered under the Securities Act of 1933, as amended, or any state securities laws, and the Warrants and any other securities may not be reoffered or resold in any jurisdiction in which such offer or sale would contravene applicable securities laws.
SOURCE Baby All Corp.