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Home > Company Index > Energy > Oil & Gas Exploration & Production > Canadian 88 Energy Corp.

Canadian 88 Energy Corp.
AMEX: EEE
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 PROFILE
Named for the year in which it was founded, Canadian 88 Energy is a natural gas and oil exploration, production, and marketing company. Greg Noval started the company in 1988 with $200,000 and built it through drilling and acquisitions. Canadian 88 is perhaps best known for a trio of big takeover targets that got away: Amerada Hess Canada, Texaco Canada, and Morrison Petroleums. The company has proved reserves of 37 million barrels of oil equivalent (98% of which is natural gas). Canadian 88 explores for natural gas in Alberta and Nova Scotia. In 2001 the company spurned a takeover bid from rival Canadian Superior Energy, which is headed by Noval.

 COMPETITION
Alberta Energy Company Ltd. (AOG)
Husky Energy Inc. (HSE)
Suncor Energy Inc. (SU)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 83.50
1-Yr. Sales Growth: 15.0%
Employees: 88
Revenue per employee: $948,863.64

 KEY PEOPLE
• Joseph L. Prichett
    CEO
• Donald R. Gardner
    CFO

 CONTACT INFO
700, 400 3rd Ave. SW
Calgary Alberta T2P 4H2, Canada
Phone: 1-403-974-8800
Fax: 1-403-974-8811
Online: Web Site

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