PROFILE |
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Newstar Resources is trying to keep its star shining. The independent oil company is restructuring following the Chapter 11 bankruptcy protection filings by its two US-based subsidiaries, Newstar Energy U.S.A. and 90%-owned Newstar Energy of Texas. Newstar Resources expores for and develops gas and oil reserves in Michigan, Ohio, and Texas; it plans to sell some of its noncore gas and oil properties to raise cash. The northern locale of those Michigan and Ohio fields allows the company to sell to local markets. The company is developing properties in Bay County, Michigan, and Madisonville, Texas.
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
1997 Sales (mil.): 5.80
1-Yr. Sales Growth: 728.6%
Employees: 25
Revenue per employee: $232,000.00
KEY PEOPLE |
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John A. Piedmonte
CEO
John A. Piedmonte
CFO
CONTACT INFO |
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104 W. Front St.
Monroe, MI 48161
US
Phone: 734-243-0719
Fax: 734-243-5503
Online: Web Site
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