| Business Summary | | Republic
Resources,
Inc.,
formerly
known
as
Pease
Oil
and
Gas
Company,
is
engaged
in
the
oil
and
gas
acquisition,
development
and
production
business.
The
Company
maintains
non-operated
interests
in
three
core
areas
in
southern
Louisiana
and
Texas.
The
Company
participates
as
a
minority,
non-operating
interest
holder
in
oil
and
natural
gas
drilling
projects
with
industry
partners.
Although
it
does
not
operate
its
properties
or
originate
any
exploration
prospects,
the
Company
actively
participates
in
evaluating
opportunities
presented
by
its
industry
partners.
As
of
December
31,
2000,
the
Company
had
varying
ownership
interests
in
12
gross
(1.55
net)
non-operated
wells
located
in
Southern
Louisiana
and
Texas. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Republic
Resources
is
engaged
in
the
exploration,
development,
production
and
acquisition
of
oil
and
natural
gas.
RPRS
is
a
non-operating
company
with
working
interests
in
the
Gulf
Coast,
primarily
TX
and
LA.
For
the
six
months
ended
6/01,
revenues
fell
2%
to
$1.6
million.
Net
income
applicable
to
Common
rose
65%
to
$272
thousand.
Revenues
reflect
lower
oil
production.
Net
income
reflects
lower
interest
expense
and
a
reduction
in
preferred
dividend
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Patrick Duncan, 38 Pres,
CFO, Treasurer, Director | $298K | 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
|
|