| Business Summary | | Oceanic
Exploration
Company
has
historically
been
engaged
in
the
business
of
acquiring
oil
and
gas
concessions
covering
large
blocks
of
acreage
in
all
areas
of
the
world.
The
Company
is
also
involved
in
the
employment
business
through
the
acquisition
of
Alliance
Services
Associates,
Inc.,
an
employment
agency.
The
Company
owns
a
75%
working
interest
in
certain
oil
and
gas
properties
in
Finney
County,
Kansas.
Oceanic
conducts
its
operations
directly
or
through
wholly
owned
subsidiaries.
The
term
"concession"
is
used
to
mean
exploration,
development
and
production
rights
with
respect
to
a
specific
area,
in
which
rights
may
be
created
by
agreement
with
a
government,
governmental
agency
or
corporation. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Oceanic
Exploration
Company
is
engaged
in
the
business
of
acquiring
oil
and
gas
concessions
covering
large
blocks
of
acreage
and
in
conducting
exploration
activities
thereon,
primarily
on
properties
located
offshore
Greece.
For
the
six
months
ended
6/30/01,
total
revenues
fell
83%
to
$1.7
million.
Net
loss
totaled
$1.1
million
vs.
an
income
of
$8.4
million.
Results
reflect
the
absence
of
$6.7
million
in
net
profits
from
the
favorable
settlement
of
a
lawsuit. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| James Neal Blue, 65 Chairman
and CEO | $60K | Charles Haas, 63 Pres | 197K | Phylis Anderson, 51 CFO,
Treasurer | -- | John Redmond, 70 VP-
International Exploration | -- | Janet Holle, 49 VP
and Sec. | -- | Dollar amounts are as of 31-Dec-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
|
|