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Home > Company Index > Energy > Oil & Gas Exploration & Production > Fortune Natural Resources Corporation

Fortune Natural Resources Corporation
OTC: FPXA
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 PROFILE
Fortune Natural Resources wants to make its fortune as an independent natural gas and oil company. It has proved reserves of 3.9 billion cu. ft. of natural gas equivalent (85% is natural gas) on properties along the Gulf Coast in Texas, Louisiana, and Mississippi. The company has interests in 90 producing wells. The company does not operate any properties or originate exploration, but acts as a minority interest holder with such partners as McMoRan Exploration and Sonat Exploration. Fortune's investments are primarily in exploration projects; the company relies on consultants to evaluate the best prospects for future production.

 COMPETITION
The Houston Exploration Company (THX)
The Meridian Resource Corporation (TMR)
Newfield Exploration Company (NFX)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 2.80
1-Yr. Sales Growth: 85.0%
Employees: 5
Revenue per employee: $560,000.00

 KEY PEOPLE
• Tyrone J. Fairbanks
    CEO
• J. Michael Urban
    CFO

 CONTACT INFO
515 W. Greens Road, Ste. 720
Houston, TX 77067
US
Phone: 281-872-1170
Fax: 281-872-1213

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