| Business Summary | | Southern
Pacific
Petroleum
N.L.
along
with
its
affiliate,
Central
Pacific
Minerals
N.L.
(SPP/CPM)
specialize
in
the
discovery
and
commercial
development
of
oil
shale
deposits.
SPP/CPM
have
title
to
ten
oil
shale
deposits
totaling
approximately
29
billion
barrels
of
in-situ
shale
oil
resources
(24
billion
barrels,
net
SPP/CPM
interest)
in
central
Queensland,
Australia.
SPP/CPM
selected
and
adapted
a
processing
technology,
the
Alberta-Taciuk
Processor,
which
the
Company
believes
has
major
economic
and
environmental
advantages
for
the
development
of
these
shales. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Southern
Pacific
Petroleum
N.L.,
and
its
affiliate
Central
Pacific
Minerals,
are
committed
to
the
development
of
an
Australian
Shale
oil
industry
based
on
their
Tertiary
oil
shale
deposits
in
eastern,
coastal
Queensland.
For
the
six
months
ended
6/30/00,
total
income
fell
30%
to
A$1.2
million.
Net
loss
totaled
A$1.8
million,
up
from
A$713
thousand.
Revenues
reflect
reduced
income
earned
on
investments.
Loss
also
reflects
increased
costs
related
to
the
Stuart
oil
shale
project. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Ian McFarlane | Chairman | James McFarlane | Managing
Director | Victor Kuss | Sec. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|