| | Business Summary | | Benton
Oil
and
Gas
Company
is
an
independent
energy
company,
which
has
been
engaged
in
the
development
and
production
of
oil
and
gas
properties.
Its
producing
operations
are
conducted
principally
through
its
80%-owned
Venezuelan
subsidiary,
Benton-Vinccler,
C.A.,
which
operates
the
South
Monagas
Unit
in
Venezuela;
and
Geoilbent
Ltd.,
a
Russian
limited
liability
company.
Additionally,
the
Company
owns
60%
of
the
equity
interest
in
Arctic
Gas
Company,
of
which
31%
was
subject
to
restrictions
on
transfer
and
29%
was
not
subject
to
restrictions
on
transfer,
as
of
December
31,
2000.
Arctic
Gas
was
formed
to
explore
and
develop
the
Samburg
and
Yevo-Yakha
License
Blocks
in
the
West
Siberian
Basin
of
Russia.
The
Company
has
expanded
into
projects
which
involve
exploration
components,
such
as
opportunities
in
China,
through
its
acquisition
of
the
WAB-21
Exploration
Block
and
the
Molino
oil
and
natural
gas
project
in
California. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Benton
Oil
and
Gas
Company
engages
in
the
exploration,
development,
production
and
management
of
oil
and
gas
properties
principally
in
Venezuela
and
Russia.
For
the
six
months
ended
6/30/01,
revenues
rose
6%
to
$67.2
million.
Net
income
fell
59%
to
$1.1
million.
Revenues
reflect
increased
production
and
sales
from
Benton-Vinccler
and
higher
oil
sales
in
Venezuela.
Earnings
were
partially
offset
by
increased
depletion,
depreciation,
and
amortization
expenses
and
lower
investment
income. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Michael Wray, 65
Chairman | $302K | $14K | Peter Hill, Ph.D., 54
Pres,
CEO, Director | 163K | -- | Steven Tholen, 50
CFO,
Sr. VP-Fin. and Admin., Treasurer | -- | -- | Chris Hickok, 43
VP,
Controller and CAO | 180K | -- | Robert Molina, 53
VP,
Gen. Counsel, Sec. | -- | -- | | 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
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/b/bno.gif)