| Business Summary | | GREKA
Energy
Corporation
is
an
integrated
energy
company
committed
to
capitalizing
on
consistent
cash
flow
protected
from
oil
price
fluctuations
within
vertically
integrated
operations,
exploiting
E&P
(exploitation
and
production)
opportunities
and
penetrating
new
niche
markets
utilizing
proprietary
technology.
GREKA
has
oil
and
gas
production,
exploration
and
development
activities
in
North
America
and
the
Far
East,
with
primary
areas
of
activity
in
California,
Louisiana
and
China.
In
addition,
the
Company
owns
and
operates
an
asphalt
refinery
in
California
through
a
wholly
owned
subsidiary.
GREKA's
operations
are
primarily
conducted
through
its
wholly
owned
subsidiaries,
established
as
business
segments
to
allow
for
concentrated
operations
by
region
and/or
markets. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | GREKA
Energy
Corporation
is
an
oil
and
gas
exploitation
and
production
company
focused
on
exploiting
declining
production
wells
by
applying
a
low
cost,
short
radius
horizontal
drilling
technology.
For
the
six
months
ended
6/30/01,
revenues
fell
20%
to
$18.6
million.
Net
income
before
accounting
change
rose
11%
to
$2.8
million.
Results
reflect
the
shutdown
of
the
asphalt
facility
for
maintenance,
offset
by
lower
non-cash
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Randeep Grewal, 37 Chairman,
Pres, CEO | $302K | $1.3M | Max Elghandour, 50 CFO | -- | -- | William Kelleher, 43 VP
of International Exploration and Production | -- | -- | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|