| Business Summary | | Cambridge
Energy
Corporation
was
formed
for
the
purpose
of
development
and
operation
of
oil
and
gas
properties
with
proven
reserves.
The
Company's
strategy
is
to
focus
in
domestic
areas
where
major
oil
and
gas
producing
companies
have
reduced
their
exploration
efforts
to
move
offshore
and
overseas
in
search
of
the
larger
reserves.
Cambridge
Energy's
initial
development
strategy
has
been
to
acquire
proven
fields
and
increase
production
through
the
application
of
advanced
technology
and
the
exploration
of
other
proven
formations
in
the
same
fields.
In
order
to
provide
for
rapid
growth,
the
Company
has
expanded
its
strategy
to
include
the
exploration
of
offshore
reserves,
both
in
the
United
States
and
outside
the
United
States. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Cambridge
Energy
Corporation
was
formed
for
the
purpose
of
development
and
operation
of
oil
and
gas
properties
with
proven
reserves.
For
the
fiscal
year
ended
3/31/01,
revenues
increased
76%
to
$3
million.
Net
loss
applicable
to
Common
totalled
$1.9
million,
up
from
$572
thousand.
Revenues
reflect
increased
international
production.
Higher
losses
reflect
increased
production
costs
and
one
time
charges
associated
with
investment
banking
and
consulting. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Perry Douglas West, 53 | Chairman,
Pres, CEO |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|