| Business Summary | | Central
Pacific
Minerals
N.L.
(SPP/CPM)
specializes
in
the
discovery
and
commercial
development
of
oil
shale
deposits.
SPP/CPM
has
title
to
10
oil
shale
deposits
totaling
approximately
29
billion
barrels
of
in-situ
shale
oil
resources
(24
billion
barrels,
net
SPP/CPM
interest)
in
central
Queensland,
Australia.
In
1997,
SPP/CPM
signed
a
joint
venture
agreement
with
Suncor
Energy
Inc.,
(Suncor)
a
Canadian
energy
company,
to
commence
development
of
one
of
the
10
oil
shale
deposits,
the
Stuart
deposit.
Located
near
Gladstone,
the
Stuart
deposit
has
a
total
in-situ
shale
oil
resource
of
three
billion
barrels
and
the
capacity
to
produce
more
than
200,000
barrels
per
day. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Central
Pacific
Minerals
N.L.
explores
shale
oil
deposits
off
Australia's
eastern
coast.
It
is
also
building
a
demonstration
production
plant
along
with
partner
Suncor
Energy
of
Canada.
For
the
six
months
ended
6/30/00,
revenues
fell
34%
to
A$1.1
million.
Net
loss
totalled
A$1.7
million,
up
from
A$689
thousand.
Revenues
reflect
lower
sales
from
outside
operating
activities.
Higher
loss
also
reflects
higher
operating
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Sir Ian McFarlane | Chairman,
Managing Director, Founder, SPP/CPM | Diane Day | Gen.
Managment | Stephen Grocott | Gen.
Managment | John McFarlane | Gen.
Managment | Ralph Mciver | Gen.
Managment |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|