| | Business Summary | | Daleco
Resources
Corporation
is
engaged
in
the
exploration,
development
and
production
of
oil
and
gas
properties,
the
harvesting
of
timber
concessions
and
the
holder
of
mineral
interests.
The
Company
conducts
its
operations
through
its
wholly
owned
subsidiaries
Westlands
Resources
Corporation,
Sustainable
Forest
Industries
Inc.,
Deven
Resources
Inc.,
DRI
Operating
Company
Inc.,
Haly
Corporation,
Tri-Coastal
Energy
Inc.,
and
Tri-Coastal
Energy
L.P.
The
Company
has
interests
in
430
wells
in
the
States
of
Texas,
West
Virginia,
New
Mexico,
Oklahoma,
Kansas
and
the
Commonwealth
of
Pennsylvania.
The
Company's
practice
as
operator
of
a
well,
either
being
drilled
or
re-completed
as
a
horizontal
well
from
a
vertical
well,
is
to
conduct
such
operations
on
a
turnkey
basis.
The
Company
does
not
own
any
drilling
rigs,
and
the
majority
of
its
drilling
activities
are
performed
by
independent
drilling
contractors
on
a
contract
basis. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Daleco
Resources
Corp.,
through
its
subsidiaries,
is
engaged
in
the
exploration,
development
and
production
of
oil
and
gas
properties,
the
harvesting
of
timber
concessions
and
the
holding
of
mineral
rights.
For
the
fiscal
year
ended
9/00,
revenues
totalled
$3.2
million,
up
from
$1.3
million.
Net
loss
applicable
to
Common
fell
68%
to
$1.1
million.
Revenues
reflect
increased
oil
and
gas
operating
sales.
Lower
loss
reflects
the
inclusion
of
gains
on
the
sale
of
property. | | More
from
Market Guide: Significant
Developments |
| | Officers | | | FY1999 Pay | |
| Dov Amir, 75
Chairman
of Directors and Chief Exec. Officer | $113K | Gary Novinskie, 49
Pres,
COO | 100K | David Lincoln, 43
Vice
Chairman of Directors and Vice Pres | -- | Edward Furman, 44
Treasurer | -- | Jody Spencer, 54
Sec. | -- | | Dollar
amounts are as of 30-Sep-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/d/dlov.ob.gif)