| Business Summary | | Foreland
Corporation
was
organized
to
engage
in
oil
exploration,
development,
and
production.
Activities
to
date
have
focused
primarily
in
north-central
Nevada.
The
Company
entered
a
voluntary
surrender
agreement
with
its
largest
creditor
in
November
1999.
After
the
completion
of
the
foreclosure
pursuant
to
this
agreement,
the
Company
will
only
be
engaged
in
oil
exploration. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Foreland
Corporation
is
engaged
in
oil
exploration,
development,
and
production,
primary
in
north-central
NV.
For
the
three
months
ended
3/31/00,
revenues
totaled
$110
thousand,
up
from
$0.
Net
loss
applicable
to
Common
from
continuing
operations
decreased
24%
to
$52
thousand.
Revenues
reflect
the
Company
began
drilling
and
receiving
payments
under
the
Nevada
Exploration
Agreement.
Lower
loss
was
partially
offset
by
a
$47
thousand
general
and
administrative
expense. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Grant Steele, 75 Chairman | -- | N. Thomas Steele, 55 Pres,
CEO, Director | $129K | 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
|
|