| Business Summary | | Company
focused
on
acquiring
and
servicing
marginally
producing
oil
and
natural
gas
properties
that
contained
the
potential
for
increased
value
through
workovers
and
secondary
recovery
operations
utilizing
the
Company's
proprietary
horizontal
drilling
tool.
Lower
oil
prices
and
increasing
equipment
costs
in
1998
reduced
the
economic
feasibility
of
these
activities.
The
Company
also
focused
on
providing
a
full
range
of
environmental
remediation
and
"plug
and
abandonment"
services
to
the
oil
and
gas
industry.
More
recently,
the
Company
refocused
its
activities
and
has
begun
to
acquire
interests
in
non-producing
oil
and
gas
properties,
particularly
high
potential
international
prospects
in
known
oil-producing
areas,
which
could
benefit
from
the
Company's
experienced
executive
team
in
managing
the
exploration
of
possible
reserves. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Environmental
Remediation
is
an
independent
oil
and
gas
company
focused
on
acquiring
and
servicing
marginally
producing
oil
and
natural
gas
properties.
ERHC
also
provides
environmental
remediation
services
to
the
oil
and
gas
industry.
For
the
nine
months
ended
6/30/99,
revenues
fell
from
$404
thousand
to
$0.
Net
loss
fell
12%
to
$5.1
million.
Results
reflect
the
suspension
of
operating
activities,
offset
by
lower
general
and
administrative
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1998 Pay | |
| Sam Bass, Jr., 63 Chairman,
VP, Director | $605K | James Callender, Sr., 57 Pres,
CEO, Director | 480K | James Griffin, 43 Sec.,
Treasurer, Director | 120K | Dollar amounts are as of 30-Sep-1998 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|