| Business Summary | | Canada
Southern
Petroleum
Ltd.
is
engaged
in
the
exploration
for
and
development
of
properties
containing
or
believed
to
contain
recoverable
oil
and
gas
reserves,
and
the
sale
of
oil
and
gas
from
these
properties.
Although
many
of
the
properties
in
which
the
Company
has
interests
are
undeveloped,
all
properties
with
proved
reserves
are
partially
or
fully
developed.
Its
interests
in
exploratory
ventures
are
on
properties
located
in
Alberta,
British
Columbia,
Saskatchewan,
the
Northwest
and
Yukon
Territories
and
the
Arctic
Islands
in
Canada
and
in
the
United
States.
Its
principal
asset
is
its
30%
carried
interest
in
the
Kotaneelee
field,
a
partially
developed
gas
field. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Canada
Southern
Petroleum
is
engaged
in
the
exploration
for
and
development
of
oil
and
gas
reserves
in
Canada
and
the
U.S.
For
the
six
months
ended
6/30/01,
total
revenues
rose
from
C$683
thousand
to
C$7.9
million.
Net
income
totalled
C$5.2
million
vs.
a
loss
of
C$1.8
million.
Revenues
benefitted
from
increased
average
gas
prices
and
net
production
proceeds
from
Kotaneelee.
Earnings
also
reflect
a
decrease
in
salary
and
benefit
expenses
and
lower
legal
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Ben Anderson, 43 Pres,
Director | $120K | David Blain, 56 CFO,
Chief Accounting Officer, Sec., Treasurer | -- | Timothy Largay, 57 Assistant
Sec., Director | -- | 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
|
|