ALTUS EXPLORATIONS INC Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operation Results of Operations Nine Months Ended September 30, 2009 and 2008 Our net loss for the nine months ended September 30, 2009 totaled $36,563. This compares with our net loss of $52,162 for the nine months ended September 30, 2008. General and administrative expenses for the nine months ended September 30, 2009 and 2008 were $28,246 and $43,580, respectively. The decrease in general and administrative expenses from 2008 to 2009 is mainly due to the constraints of available funds. The general and administrative in the nine months ended September 30, 2009 consists of rent $11,601 (2008 - $11,855), bank charges $140 (2008 - $380), professional fees $15,599 (2008 - $23,606), office fees $nil (2008 - $5,944) and transfer agent and filing fees $906 (2008 - $1,795). We incurred interest expense during the three months ended September 30, 2009 of $2,684 compared to $2,677 for the same period in 2008. The interest expense was incurred due to advances made by certain shareholders in the amount of $88,750. The Company entered into Convertible Loan Agreements (the "Loans") with these shareholders whose Loans matured on December 31, 2007 and required payment of all outstanding principal and interest in full on January 2, 2008. Interest rates are 12% per annum payable in arrears upon the maturity of the Loans. The shareholders agreed to forego interest that accrued during 2006, and provided for interest on the outstanding Loan balances to commence January 1, 2007. The Company accrued interest total of $29,327 on the Loans as at September 30, 2009. As of September 30, 2009 and the date of this report, the Company has not repaid the Loans, nor have the shareholders' provided a Notice of Conversion to the Company. The Company is in negotiations with the shareholders to settle the Loans. The Company had no revenues for the quarter ended September 30, 2009. ...
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ALTUS EXPLORATIONS INC Financials

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ALTUS EXPLORATIONS INC Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operation Results of Operations Six Months Ended June 30, 2009 and 2008 Our net loss for the six months ended June 30, 2009 totaled $27,380. This compares with our net loss of $39,769for the six months ended June 30, 2008. General and administrative expenses for the six months ended June 30, 2009 and 2008 were $21,867 and $34,226, respectively. The decrease in general and administrative expenses from 2008 to 2009 is mainly due to the constraints of available funds. The general and administrative in the six months ended June 30, 2009 consists of rent $7,499 (2008 - $7,499), bank charges $172 (2008 - $283), professional fees $13,289 (2008 - $20,499), office fees $nil (2008 - $2,982) and transfer agent and filing fees $907 (2008 - $nil). We incurred interest expense during the three months ended June 30, 2009 of $5,281 compared to $5,311 for the same period in 2008. The interest expense was incurred due to advances made by certain shareholders in the amount of $88,750. The Company entered into Convertible Loan Agreements (the "Loans") with these shareholders whose Loans matured on December 31, 2007 and required payment of all outstanding principal and interest in full on January 2, 2008. Interest rates are 12% per annum payable in arrears upon the maturity of the Loans. The shareholders agreed to forego interest that accrued during 2006, and provided for interest on the outstanding Loan balances to commence January 1, 2007. The Company accrued interest total of $26,643 on the Loans as at June 30, 2009. As of June 30, 2009 and the date of this report, the Company has not repaid the Loans, nor have the shareholders' provided a Notice of Conversion to the Company. The Company is in negotiations with the shareholders to settle the Loans. The Company had no revenues for the quarter ended June 30, 2009. January 1, 2007 to June 30, 2009 The compan...
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ALTUS EXPLORATIONS INC Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operation Results of Operations Three Months Ended March 31, 2009 and 2008 Our net loss for the three months ended March 31, 2009 totaled $6,409. This compares with our net loss of $14,330 for the three months ended March 31, 2008. General and administrative expenses for the three months ended December 31, 2009 and 2008 were $3,667 and $11,333, respectively. The decrease in general and administrative expenses from 2008 to 2009 is mainly due to the constraints of available funds. The general and administrative in the three months ended March 31, 2009 consists of rent $3,584 (2008 - $4,529), bank charges $83 (2008 - $180), professional fees nil (2008 - $3,641), office fees nil (2008 - $2,983), We incurred interest expense during the three months ended March 31, 2009 of $2,626 compared to $2,648 for the same period in 2008. The interest expense was incurred due to advances made by certain shareholders in the amount of $88,750. The Company entered into Convertible Loan Agreements (the "Loans") with these shareholders whose Loans matured on December 31, 2007 and required payment of all outstanding principal and interest in full on January 2, 2008. Interest rates are 12% per annum payable in arrears upon the maturity of the Loans. The shareholders agreed to forego interest that accrued during 2006, and provided for interest on the outstanding Loan balances to commence January 1, 2007. The Company accrued interest total of $23,988 on the Loans as at March 31, 2009. As of March 31, 2009 and the date of this report, the Company has not repaid the Loans, nor have the shareholders' provided a Notice of Conversion to the Company. The Company is in negotiations with the shareholders to settle the Loans. The Company had no revenues for the quarter ended March 31, 2009. January 1, 2007 to March 31, 2009 The company currently holds no producing assets ...
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ALTUS EXPLORATIONS INC Files SEC form 10-K, Annual Report

Item 6. Management Discussion and Analysis and Plan of Operation. Results of Operations Twelve Months Ended December 31, 2008 and 2007 Our net loss for the twelve months ended December 31, 2008 totaled $70,492. This compares with our net loss of $38,353 for the twelve months ended December 31, 2007. General and administrative expenses for the twelve months ended December 31, 2008 and 2007 were $59,112 and $27,164, respectively. The primary components of general and administrative expenses for the first twelve months of 2008 are costs associated with accounting, legal and administrative contract labor and professional fees associated with being a public company. The increase in general and administrative expenses from 2007 to 2008 is mainly due to the increased accounting and legal fees $34,360 (2007- $19,775), rent $15,744 (2007- $1,500), office and administrative $7,213 (2007- $897), transfer agent and filing fees $1,795 (2007- $ 4,992) We incurred interest expense during the year ended December 31, 2008 of $10,665, compared to $10,697 interest expense for the same period in 2007. The interest expense was incurred due to advances made by certain shareholders in the amount of $88,750. The Company entered into Convertible Loan Agreements (the "Loans") with these shareholders whose Loans matured on December 31, 2007 and required payment of all outstanding principal and interest in full on January 2, 2008. Interest rates are 12% per annum payable in arrears upon the maturity of the Loans. The shareholders agreed to forego interest that accrued during 2006, and provided for interest on the outstanding Loan balances to commence January 1, 2007. The Company accrued interest of $10,665 on the Loans during the year ended December 31, 2008. As of December 31, 2008 and the date of this report, the Company has not repaid the Loans, nor have the shareholders' provided a Notice of Conversion to the Company. The Company is in negotiations with the shareholder...
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ALTUS EXPLORATIONS INC Files SEC form 10-Q/A, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operation Results of Operations Nine Months Ended September 30, 2008 Our net loss for the nine months ended September 30, 2008 totaled $52,161. This compares with our net loss of $28,296 for the nine months ended September 30, 2007. General and administrative expenses for the nine months ended September 30, 2008 and 2007 were $43,579 and $19,868, respectively. The primary components of general and administrative expenses for the first nine months of 2008 are costs associated with accounting and administrative contract labor and professional fees associated with being a public company. The increase in general and administrative expenses from 2007 to 2008 is the result of costs increases relating to compliance costs of being a public company. We incurred interest expense during the nine months ended September 30, 2008 of $7,988, compared to $7,975 interest expense for the same period in 2007. The interest expense was incurred due to advances made by certain shareholders in the amount of $88,750. The Company entered into Convertible Loan Agreements (the "Loans") with these shareholders whose Loans matured on December 31, 2007 and required payment of all outstanding principal and interest in full on January 2, 2008. Interest rates are 12% per annum payable in arrears upon the maturity of the Loans. The shareholders agreed to forego interest that accrued during 2006, and provided for interest on the outstanding Loan balances to commence January 1, 2007. The Company accrued interest of $10,697 on the Loans during the year ended December 31, 2007. As of September 30, 2008, the Company has not repaid the Loans, nor have the shareholders' provided a Notice of Conversion to the Company. The Company is in negotiations with the shareholders to settle the Loans. During the year ended December 31, 2007, the Company entered into a subscription agreement for the iss...
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ALTUS EXPLORATIONS INC Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operation Results of Operations Nine Months Ended September 30, 2008 Our net loss for the nine months ended September 30, 2008 totaled $52,161. This compares with our net loss of $28,296 for the nine months ended September 30, 2007. General and administrative expenses for the nine months ended September 30, 2008 and 2007 were $43,579 and $19,868, respectively. The primary components of general and administrative expenses for the first nine months of 2008 are costs associated with accounting and administrative contract labor and professional fees associated with being a public company. The increase in general and administrative expenses from 2007 to 2008 is the result of costs increases relating to compliance costs of being a public company. We incurred interest expense during the nine months ended September 30, 2008 of $7,988, compared to $7,975 interest expense for the same period in 2007. The interest expense was incurred due to advances made by certain shareholders in the amount of $88,750. The Company entered into Convertible Loan Agreements (the "Loans") with these shareholders whose Loans matured on December 31, 2007 and required payment of all outstanding principal and interest in full on January 2, 2008. Interest rates are 12% per annum payable in arrears upon the maturity of the Loans. The shareholders agreed to forego interest that accrued during 2006, and provided for interest on the outstanding Loan balances to commence January 1, 2007. The Company accrued interest of $10,697 on the Loans during the year ended December 31, 2007. As of September 30, 2008, the Company has not repaid the Loans, nor have the shareholders' provided a Notice of Conversion to the Company. The Company is in negotiations with the shareholders to settle the Loans. During the year ended December 31, 2007, the Company entered into a subscription agreement for the iss...
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