| Business Summary | | Oklahoma
Energy
Corporation,
incorporated
on
September
4,
1981,
has
one
active
subsidiary,
Cyril
Petrochemical
Corporation
(CPC).
The
stock
of
CPC
is
pledged
to
the
Oklahoma
Industrial
Finance
Authority
(OIFA)
as
collateral
for
a
loan
to
the
Company.
The
Company
no
longer
operates
the
Cyril
Refinery,
and
has
sold
all
its
oil
and
gas
properties
and
well
operations.
The
Company
has
no
material
patents,
licenses,
franchises
or
concessions
that
are
considered
significant
to
its
operations.
The
Company
has
no
present
business
activity
other
than
hiring
consultants
and
other
professionals
to
meet
the
requirements
of
the
Environmental
Protection
Agency,
as
well
as
other
environmental
agencies. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Oklahoma
Energy
Corp.
sold
all
its
oil
and
gas
properties
and
well
operations,
and
is
currently
pursuing
financing
which
will
allow
it
to
utilize
the
refinery
as
a
storage
facility
prior
to
resuming
the
operations
of
the
Cyril
Refinery.
For
the
three
months
ended
3/31/01,
the
Company
reports
no
revenues.
Net
loss
increased
3%
to
$56
thousand.
Revenues
reflect
the
absence
of
any
operations.
Higher
loss
suffered
from
increased
interest
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Jan Schutze, 41 | Pres,
CEO | Fred Konigsberg, 53 | VP |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|