| Business Summary | | Mallon
Resources
Corp.
is
an
independent
energy
company
engaged
in
oil
and
natural
gas
exploration,
development
and
production.
The
Company
conducts
its
operations
through
its
wholly
owned
subsidiary,
Mallon
Oil
Company.
The
Company
operates
primarily
in
the
State
of
New
Mexico,
where
substantially
all
of
its
estimated
proved
reserves
are
located
in
the
San
Juan
and
Delaware
Basins.
As
of
December
31,
2000,
these
areas
accounted
for
substantially
all
of
its
estimated
proved
reserves,
with
approximately
81.3
Bcfe
(billion
cubic
feet
equivalent)
attributable
to
its
San
Juan
Basin
properties
and
approximately
41.8
Bcfe
attributable
to
its
Delaware
Basin
properties. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Mallon
Resources
Corporation
is
engaged
in
domestic
oil
and
gas
development,
exploration
and
production
business
through
its
wholly-owned
subsidiary,
Mallon
Oil
Company
(``Mallon
Oil'').
For
the
six
months
ended
6/30/01,
revenues
rose
76%
to
$12.7
million.
Net
loss
applicable
to
Com.
increased
36%
to
$5.1
million.
Revenues
reflect
higher
oil
and
gas
prices
realized.
Higher
loss
suffered
from
expenses
related
to
a
termination
settlement
reached
with
a
former
officer. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| George Mallon, Jr., 56 Chairman,
Pres, CEO | $224K | Roy Ross, 50 Exec.
VP, Sec., Gen. Counsel | 164K | Donald Erickson, Jr. Sr.
VP and Gen. Mang. | 129K | Alfonso Lopez, 52 VP
of Fin. and Treasurer | 115K | 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
|
|