| Business Summary | | American
International
Petroleum
Corporation
is
a
holding
company
that
through
its
wholly
owned
subsidiaries:
refines
crude
oil
feedstocks
to
produce
jet
fuel,
diesel,
naphtha,
gas
oils
and
fuel
oil;
produces,
processes,
and
markets
conventional
and
technologically
advanced
polymerized
asphalt,
vacuum
gas
oil
and
other
products
at
its
refinery
in
Lake
Charles,
Louisiana
utilizing
low-cost,
low-gravity,
high
sulfur
crudes;
and
engages
in
oil
and
gas
exploration
and
development
in
western
Kazakhstan,
where
the
Company
owns
a
70%
working
interest
in
a
4.7
million
acre
exploration
block
and
a
100%
working
interest
in
a
264,000
acre
gas
field.
The
Company
is
also
seeking
domestic
and
international
oil
and
gas
properties
and
projects. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | American
International
Petroleum
is
engaged
in
oil
and
gas
exploration
and
development
in
western
Kazakstan,
and
produces
and
processes
asphalt,
vacuum
gas
oil
and
other
products
at
its
Lake
Charles,
LA
refinery.
For
the
six
months
ended
6/30/01,
revenues
totalled
$8
million,
up
from
$2.5
million.
Net
loss
applicable
to
Common
fell
27%
to
$4.9
million.
Revenues
reflect
initial
sales
in
the
product
and
marketing
segment.
Lower
loss
reflects
decreased
interest
expense. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| George Faris, Ph.D., 60 Chairman,
Acting CEO | $316K | $2.0M | Denis Fitzpatrick, 56 Acting
Pres, CFO, Sec. | 200K | 173K | William Tracy, 53 Treasurer
and Controller | 105K | 114K | 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
|
|