| Business Summary | | Fortune
Natural
Resources
Corporation
is
an
independent
public
oil
and
gas
exploration
and
production
company.
The
Company
explores,
develops
and
produces
oil
and
gas
from
properties
located
primarily
onshore
and
offshore
Louisiana
and
Texas,
and
onshore
Mississippi.
Fortune
primarily
explores
for
significant
oil
and
gas
reserves
using
advanced
3-D
seismic
and
computer-aided
exploration
technology.
Fortune
has
been
acquiring
interests
in
oil
and
gas
prospects
on
the
Gulf
Coast,
and
is
continually
evaluating
3-D
and
2-D
exploration
projects. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Fortune
Natural
Resources,
Inc.
is
engaged
in
the
acquisition,
production,
and
exploration
of
oil
and
gas
in
Texas
and
Louisiana.
For
the
six
months
ended
6/30/01,
revenues
rose
30%
to
$1.3
million.
Net
loss
before
extraordinary
items
fell
73%
to
$104
thousand.
Revenues
benefitted
from
higher
oil
and
gas
prices.
Lower
loss
reflects
an
increase
in
gross
margin
attributable
to
higher
prices
and
production
and
lower
depreciation
and
amortization
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Tyrone Fairbanks, 44 Pres,
CEO | $191K | Dean Drulias, 54 Exec.
VP, Gen. Counsel, Corp. Sec. | 136K | J. Michael Urban, 47 VP,
CFO and Assistant Sec. | 130K | 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
|
|