| Business Summary | | North
Coast
Energy,
Inc.,
an
affiliate
of
nv
NUON,
is
an
independent
natural
gas
and
oil
company
engaged
in
exploration,
development
and
production
activities
in
the
Appalachian
Basin.
The
Company's
business
strategy
focuses
primarily
on
its
acquisition
of
proved
developed
and
undeveloped
properties
and
on
the
enhancement,
drilling
and
development
of
such
properties.
The
Company
currently
has
three
wholly
owned
subsidiaries:
NCE
Securities,
Inc.,
North
Coast
Operating
Company,
and
North
Coast
Energy
Eastern,
Inc.
(NCE
Eastern),
two
of
which
are
considered
active
(NCE
Securities
and
NCE
Eastern). | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | North
Coast
Energy
is
an
independent
natural
gas
and
oil
company
engaged
in
exploration,
development
and
production
activities
primarily
in
the
Appalachian
Basin.
For
the
three
months
ended
6/30/01,
revenues
rose
39%
to
$11.2
million.
Net
income
applicable
to
Common
totaled
$1.5
million,
up
from
$348
thousand.
Revenues
reflect
higher
natural
gas
gathering
revenue
due
to
higher
prices.
Earnings
also
reflect
higher
operating
margins
and
reduced
interest
expense. | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| Carel Kok, 35 Chairman | -- | Omer Yonel, 37 Pres,
CEO, Director | $263K | Dale Stitt, 56 CFO | -- | Thomas Liberatore, 44 VP
of Exploration and Production | -- | Robert Gessner, Jr. Controller | -- | Dollar
amounts are as of 31-Mar-2001 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
|
|