| Business Summary | | Power
Exploration
Inc.,
along
with
its
wholly
owned
subsidiaries,
is
a
developmental
global
resource
company
engaged
in
oil
and
gas
exploration.
In
addition
to
exploration
and
development
of
new
properties,
the
Company
redevelops
currently
producing
oil
and
gas
fields.
Oil
and
natural
gas
are
the
principal
products
currently
produced
by
the
Company.
The
Company
sells
the
oil
it
produces
under
short-term
contracts
at
market
prices
in
the
areas
in
which
the
producing
properties
are
located,
generally
at
F.O.B.
field
prices
posted
by
the
principal
purchaser
of
oil
in
such
areas. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Power
Exploration
Inc.
is
a
developmental
global
resource
company
engaged
in
the
fields
of
acquisition,
development,
exploration
for
and
sale
of
oil
and
gas,
and
the
construction
and
sale
of
oil
and
gas
extraction
equipment.
For
the
six
months
ended
3/31/01,
revenues
fell
10%
to
$83
thousand.
Net
loss
fell
98%
to
$282
thousand.
Revenues
reflect
a
decrease
in
equipment
sales.
Net
loss
reflects
the
absence
of
a
$3.2
million
asset
impairment
expense. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| M. Rife III, 61 Chairman | -- | Joe Bennett, 54 CEO
& Director | $90K | Mark Zouvas, 38 CFO,
Sec., Director | 90K | 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
|
|