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Home > Company Index > Energy > Oil & Gas Exploration & Production > Southern Pacific Petroleum N.L.

Southern Pacific Petroleum N.L.
Nasdaq (SC): SPPTY
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 PROFILE
Southern Pacific Petroleum and affiliate Central Pacific Minerals explore shale oil deposits off the eastern coast of Australia. Nicknamed the Rundle Twins after one of their deposits, the companies have interests in 10 deposits. The companies' interests amount to proved reserves of 17.3 billion barrels of shale oil. The Stuart Project (off of Gladstone, Queensland) contains about 2.6 billion barrels of shale oil. The affiliates have acquired Canadian firm Suncor Energy's 50% share in the Stuart Project and have begun producing naphtha and medium shale oil. The Rundle Twins share common management, have significant cross-shareholding, and jointly own most assets, but neither company controls the other.

 COMPETITION
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 0.10
1-Yr. Sales Growth: (95.8)%
Employees: 50
Revenue per employee: $2,000.00

 KEY PEOPLE
• James D. McFarland
    CEO
• Victor H. Kuss
    CFO

 CONTACT INFO
Level 11, Riverside Centre
Brisbane Queensland QLD 4000, Australia
Phone: 61-7-3237-6600
Fax: 61-7-3237-6700
Online: Web Site

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