| | Business Summary | | Aviva
Petroleum
Inc.,
through
its
subsidiaries,
is
engaged
in
the
exploration
for
and
production
and
development
of
oil
and
gas
in
Colombia,
offshore
in
the
United
States,
and
in
Papua
New
Guinea.
The
Company
is
the
owner
of
interests
in,
and
is
engaged
in
exploration
for,
and
development
and
production
of
oil
from,
two
contracts
granted
by
Empresa
Colombiana
de
Petroleos,
the
Colombian
national
oil
company.
In
the
United
States
the
Company,
through
its
wholly
owned
subsidiary,
Aviva
America,
Inc.,
has
been
engaged
in
the
production
of
oil
and
gas
attributable
to
its
working
interests
in
various
wells
located
in
the
Gulf
of
Mexico
offshore
Louisiana,
at
Main
Pass
41
and
Breton
Sound
31
fields.
In
Papua
New
Guinea
the
Company,
through
its
wholly
owned
subsidiary,
Garnet
PNG
Corporation,
is
engaged
in
the
exploration
for
oil
and
gas
attributable
to
its
2%
carried
working
interest
in
Petroleum
Prospecting
License
No.
206. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Aviva
Petroleum
through
its
subsidiaries,
is
engaged
in
the
exploration
for,
development
and
production
of
oil
and
gas
in
Colombia,
offshore
in
the
U.S.
and
in
Papua
New
Guinea.
For
the
six
months
ended
6/30/01,
revenues
fell
67%
to
$1.4
million.
Net
income
decreased
96%
to
$185
thousand.
Revenues
reflect
reduced
ownership
in
Colombian
assets
and
production
declines.
Net
income
also
reflects
lower
gross
margins
and
the
absence
of
a
$3.5
million
gain
on
the
transfer
of
partnership
interests. | | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Ronald Suttill, 68
Pres,
CEO | $154K | James Busby, 39
Treasurer,
Sec. and Controller | -- | | Dollar amounts are as of 31-Dec-1999 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
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/a/avvp.ob.gif)