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Home > Company Index > Energy > Oil & Gas Exploration & Production > Greka Energy Corporation

Greka Energy Corporation
Nasdaq: GRKA
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 NEWS FROM THE STANDARD
Desperately Seeking Financing
Jun 11 2001 06:23 AM PDT

 PROFILE
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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 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
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
• Randeep S. Grewal
    CEO
• Max A. Elghandour
    CFO

 CONTACT INFO
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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