CADDO INTERNATIONAL, INC.

The SEC's administrative proceeding concluded with an order revoking Caddo International's securities registration effective October 27, 2009, for its multi-year failure to file periodic reports, ending the Company's public reporting life.

registration revoked

Now renamed Caddo International, Inc. (formerly Petrol Industries), the Company disclosed that the SEC opened a formal administrative proceeding on June 26, 2009 (File No. 3-13527) to revoke/delist its registered securities under Exchange Act Rule 12d2-2, since no periodic report had followed the 2006 late-filing notice; management said it was consulting counsel and its auditors for a remedy.

listing compliance notice

David A. Taylor resigned as President and Secretary after barely three weeks, with no replacement named. The same filing disclosed a July 14, 2005 assignment of the Company's Lucille & Charles Horne oil/gas lease for $10,000 plus roughly $325,000 of assumed debt (total ~$335,000), transacted by one director to an entity represented by another - the Company itself said it did not yet know whether this was a related-party transaction.

asset acquisition disposition

SHWJ Oil & Gas completed the second and final tranche of its stock purchase (562,000 shares at $0.40/share for $225,800, bringing its total investment to $497,244 for 1,240,612 shares), triggering the resignations of President/Chairman Joseph M. Rodano and VP/Secretary Arlys C. Milan; new directors Ronnie Allen (an independent Louisiana oil producer) and Stephan Latieyre joined the board, and David A. Taylor was named President and Secretary.

director officer appointment

Texas-based SHWJ Oil & Gas, Inc. bought the first of two planned tranches of newly issued Petrol stock - 678,612 shares at $0.40/share for $271,444 - and placed its own officer/director Mario Lanza on Petrol's board in place of resigning director Robert Bontempi, opening a change-of-control transaction due to close the following month.

director officer appointment

FY2004: the Company returned to profitability for the first time in at least a decade, posting net income of $57,433 on revenue of $805,039 as oil prices kept rising.

annual report

FY2000: oil prices jumped to an average $27.18/barrel, the Company's best price in years, turning a rare $3,685 operating profit before other items - though after interest expense it still posted a small net loss of $34,768 on revenue of $799,536.

annual report

FY1998: net loss deepened sharply to $383,990 as revenue nearly halved to $472,591, reflecting the late-1990s global oil-price collapse (average realized price fell to $12.03/barrel).

annual report