| Business Summary | | Seven
Seas
Petroleum
Inc.
is
a
development-stage
energy
company
engaged
in
the
exploration,
development
and
production
of
oil
and
natural
gas,
primarily
in
Colombia,
South
America.
The
Company
has
working
interests
in
six
association
contracts
in
Colombia:
Dindal,
Rio
Seco,
Deep
Dindal,
Cristales,
Rosablanca
and
Tapir.
The
Company
relinquished
the
Montecristo
association
contract
in
early
2001.
The
Dindal
and
Rio
Seco
association
contracts
cover
areas
that
contain
the
Guaduas
Oil
Field.
The
Company
did
not
have
any
significant
income-producing
property
until
it
began
trucking
production
in
August
2000.
In
2001,
the
Company
plans
to
complete
the
construction
of
the
pipeline
and
production
facilities
for
the
Guaduas
Oil
Field,
drill
four
development
wells
and
one
injector
well
on
the
Guaduas
Oil
Field
and
drill
three
exploration
wells
on
its
Colombian
properties. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Seven
Seas
Petroleum
Inc.
is
a
development
stage
independent
energy
company
engaged
in
the
exploration,
development
and
production
of
oil
and
natural
gas,
primarily
in
Colombia,
South
America.
For
the
six
months
ended
6/30/01,
total
revenues
totaled
$5
million,
up
from
$1
million.
Net
loss
decreased
50%
to
$2.1
million.
Results
reflect
increased
crude
oil
revenues
due
to
increased
production
volumes,
partially
offset
by
higher
interest
and
depreciation
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Robert Hefner, III, 65 Chairman,
CEO | $281K | Larry Ray, 52 Pres,
COO, Sec., Director | 300K | Ronald Lefaive CFO,
VP-Fin. | -- | 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
|
|