| Business Summary | | Castle
Energy
Corporation
is
currently
engaged
in
oil
and
gas
exploration
and
production
in
the
United
States
and
Romania.
The
Company
is
currently
participating
in
the
drilling
of
a
third
wildcat
well
in
Romania
and
expects
to
drill
two
more
wildcat
wells
in
Romania
in
the
next
year.
The
Company's
exploration
and
production
subsidiaries
own
interests
in
584
producing
oil
and
gas
wells
located
in
14
states.
Of
these
interests,
507
were
working
interests
where
the
Company
is
responsible
for
operating
costs
applicable
to
the
well
and
77
were
royalty
interests
where
the
Company
bears
no
expense
burden. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Castle
Energy
Corporation
is
engaged
in
oil
and
gas
exploration
and
production
in
the
US
and
Romania.
For
the
nine
months
ended
6/30/01,
total
revenues
increased
38%
to
$17.1
million.
Net
income
totalled
$3
million,
up
from
$1
million.
Revenues
benefitted
from
increased
oil
and
natural
gas
prices.
Earnings
also
benefitted
from
the
absence
of
a
$119
thousand
option
write
off
expense
and
lower
depreciation,
depletion,
and
amortization
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Joseph Castle, ll, 68 Chairman
and CEO | $381K | Richard Staedtler, 56 CFO,
Chief Accounting Officer, Sr. VP, Director | 308K | William Liedtke, III, 49 VP,
Gen. Counsel | 106K | Dollar amounts are as of 30-Sep-2000 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
|
|