PLANO, TX, June 28, 2012 /CNW/ - Baby All Corp. (OTCBB: SFPI). On May
17, 2012, as previously announced, Baby All Corp., a Delaware
corporation, changed its name to Santa Fe Petroleum, Inc. ("Santa Fe") with the Secretary of State of the State of Delaware. The name
change reflects Santa Fe's business strategy and sole focus of
acquisition, exploration, production and development of oil and gas
properties. Santa Fe Petroleum will now begin preparing properties for
Santa Fe continues to further its lease operations and plans for
drilling and production operations. With its confirmed leased acreage
to date, Santa Fe projects that the number of drilling projects could
range from ten to fifteen. Santa Fe's master plan with respect to
drilling projects is to spread the drilling locations in a pattern over
the total acreage, such that the minimum number of projects would PUD
("proven undeveloped") the maximum number of acres. Santa Fe believes
PUD acreage, which adjoins the producing acreage, to be the most
valuable acreage, second only to the actual producing acreage. Santa
Fe expects this plan to create maximum oil reserve asset value with the
fewest number of drilling projects.
Santa Fe's strategy is to focus on the most efficient planning and
drilling programs to produce the highest oil and gas daily production
possible. This strategy has been proven effective by Santa Fe through
its successful operating history.
On Monday, June 18, 2012, the Financial Industry Regulatory Authority
(FINRA) approved Santa Fe's voluntary change of its ticker symbol from
BABA to SFPI. Santa Fe's web site, sfpetroleum.com, provides access to
Santa Fe's previous press releases.
This news release does not constitute an offer to sell or a solicitation
of an offer to buy securities in any jurisdiction.
SOURCE Baby All Corp.
For further information:
Baby All Corp. (Santa Fe Petroleum, Inc.)
4011 West Plano Parkway, Suite 126
Plano, Texas 75093