| Business Summary | | Westlinks
Resources
Ltd.
is
an
operating
oil
and
gas
company
that
drills,
acquires,
operates
and
exploits
crude
oil
and
natural
gas
wells
in
the
Company's
core
areas
in
Western
Canada.
The
Company
concentrates
its
efforts
on
oil
and
gas
properties
that
offer
opportunities
for
low
risk
development.
Typical
types
of
low
risk
developments
are
the
drilling
of
infield
and
step-out
wells,
the
installation
of
central
facilities
to
handle
higher
production
volumes
and
the
completion
of
other
productive
zones
within
wells. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Westlink
Resources
Ltd.
is
engaged
in
the
drilling
and
operation
of
oil
and
gas
wells
in
western
Canada,
primarily
in
the
provinces
of
Alberta
and
Saskatchewan.
For
the
three
months
ended
3/31/01,
revenues
totalled
C$3.6
million,
up
from
C$1.3
million.
Net
income
totalled
C$610
thousand,
up
from
C$158
thousand.
Revenues
reflect
the
acquisitions
of
Sylvan
Lake,
Bigoray,
Mitsue
and
Sounding
Lake.
Earnings
also
reflect
a
decrease
in
interest
expense. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
4,670;
after
tax
earnings
were
470. (Preliminary; reported in thousands of Canadian Dollars.) | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | John McGrain, 55 | Chairman | Reg Greenslade | Pres,
CEO | Luc Chartland | CFO | Trevor Spagrud | VP-Operations |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|