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Home > Company Index > Energy > Oil & Gas Exploration & Production > Greka Energy Corporation
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Greka Energy Corporation |
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NEWS FROM THE STANDARD |
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Desperately Seeking Financing
Jun 11 2001 06:23 AM PDT
PROFILE |
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It's not lying down on the job, it's horizontal work. Greka Energy is an oil and gas producer that drills sideways to capture reserves from declining wells. The company uses a low-cost, horizontal drilling technology patented by BP to recover the oil that remains after more conventional drilling. Greka Energy has reserves of 14.7 million barrels of oil equivalent. It also operates an asphalt refinery in California that produces liquid asphalt, light naphtha, and gas oils. To focus on the company's core areas of operations in California, Louisiana, and China, Greka Energy has sold its Canadian assets. The company is seeking to regain the Colombian holdings it sold in 1999.
COMPETITION |
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Exxon Mobil Corporation (XOM)
Royal Dutch/Shell Group (dossier)
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STOCK ANALYSIS |
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FURTHER ANALYSIS
Advanced Charting
Deals
FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 49.10
1-Yr. Sales Growth: 68.7%
Employees: 108
Revenue per employee: $454,629.63
KEY PEOPLE |
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Randeep S. Grewal
CEO
Max A. Elghandour
CFO
CONTACT INFO |
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630 Fifth Ave., Ste. 1501
New York, NY 10111
US
Phone: 212-218-4680
Fax: 212-218-4679
Online: Web Site
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Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.
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