| Business Summary | | Upland
Energy
Corporation
is
engaged
in
the
business
of
exploring
for
and
developing
oil
and
gas
reserves.
The
Company's
oil
and
gas
property
are
in
central
Kansas
and
are
located
on
the
Hittle
Field.
As
of
December
31,
2000,
the
Company's
wells
were
producing
approximately
40
barrels
of
oil
per
day.
Upland
Energy
has
entered
into
an
agreement
and
plan
or
reorganization
with
Lifesmart
Nutrition,
Inc.,
which
will
result
in
the
Company
changing
its
focus
from
the
oil
and
gas
industry
to
the
nutritional
supplement
products
such
as
creatine
and
calcium.
As
part
of
the
reorganization
agreement,
Upland
Energy
will
spin
off
GS&C
and
all
of
the
oil
and
gas
properties
of
the
Company
to
its
shareholders.
LifeSmart
is
a
nutraceutical
company
that
has
spent
the
past
three
years
developing
a
product
line
geared
toward
providing
great-tasting
nutritional
products. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Upland
Energy
Corporation
engaged
through
the
activities
of
its
wholly
owned
subsidiary,
GSC,
in
the
business
of
exploring
for
and
developing
oil
and
gas
reserves.
For
the
three
months
ended
3/31/01,
revenues
totalled
$67
thousand,
up
from
$32
thousand.
Net
loss
rose
37%
to
$24
thousand.
Revenues
reflect
increased
production
and
higher
oil
prices.
Higher
loss
reflects
increased
accounting
and
legal
expenses
associated
with
Lifesmart
transaction. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Lee Jackson, 71 Pres,
Director | $38K | Michael Labertew, 35 Sec.,
Treasurer, Director | -- | 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
|
|