| Business Summary | | Ness
Energy
International,
Inc.
is
been
involved
in
the
exploration
for
and
development
of
oil
and
natural
gas
and
in
particular
the
exploration
for
oil
on
the
Hesed
license
area
and
the
drilling
of
the
Elohim
Perazim
#1
deep
test
well.
The
Hesed
License
covers
approximately
55.3
square
miles
at
the
southwest
end
of
the
Dead
Sea.
The
Hesed
License,
also
known
as
the
Company's
Israel
Project,
is
located
at
the
southwest
end
of
the
Dead
Sea.
The
Dead
Sea
has
generated
hydrocarbons
and
contains
trapping
mechanisms
to
rank
the
potential
fields
discovered
as
super-giants,
based
on
current
and
available
literature. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Ness
Energy
International,
Inc.
is
involved
in
the
exploration
and
development
of
oil
and
natural
gas,
and
in
particular
the
exploration
of
oil
in
Israel.
For
the
six
months
ended
6/30/01,
revenues
increased
43%
to
$14
thousand.
Net
loss
totalled
$2.1
million,
up
from
$558
thousand.
Revenues
benefited
from
an
increase
in
natural
gas
prices.
Higher
loss
reflects
a
$1
million
charge
related
to
the
write-off
of
an
investment
and
a
$240
thousand
litigation
settlement. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Harold Stephens, 61 Pres,
CEO, Director | $62.5K | Bob Lee, 58 CFO | 7.9K | Mary Gene Stephens, 60 Sec.,
Treasurer | 18.0K | Dollar amounts are as of 31-Dec-1999 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
|
|