| | Business Summary | | Gulf
Indonesia
Resources
Limited
is
an
independent
oil
and
natural
gas
company
engaged
in
the
exploration,
development
and
production
of
crude
oil
and
natural
gas
onshore
and
offshore
Indonesia.
All
of
the
Company's
oil
and
gas
producing
properties
are
located
in
Indonesia,
and
the
Company
currently
produces
crude
oil
and
natural
gas
from
established
fields
onshore
on
the
island
of
Sumatra
and
crude
oil
from
established
fields
offshore
in
the
West
Natuna
Sea.
As
of
December
31,
1999,
the
Company
had
gross
and
net
proved
reserves
of
245
million
barrels
of
oil
equivalent
(MMBOE)
and
186
MMBOE,
respectively,
of
which
over
85%
were
natural
gas.
The
Company
has
three
material
subsidiaries:
Gulf
Resources
(Ramba)
Ltd.,
Gulf
Resources
(Grissik)
Ltd.
and
Gulf
Resources
(Kakap)
Ltd. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | GRL
is
an
independent
oil
and
natural
gas
company
engaged
in
the
exploration,
development
and
production
of
oil
and
natural
gas
resources
onshore
and
offshore
in
Indonesia.
For
the
six
months
ended
6/30/01,
revenues
fell
16%
to
$137
million.
Net
income
fell
33%
to
$27
million.
Revenues
suffered
from
lower
gas
deliveries
to
Caltex
and
reservoir
declines
in
its
mature
oil
fields.
Earnings
reflect
reflect
increased
exploration
expenses. | | More
from
Market Guide: Significant
Developments |
| | Officers | |
| Position | | Robert Allen, 72 | Chairman | | Paul Warwick | Pres,
CEO, Director | | Muray Hesje, 49 | VP-Fin. | | Robert Klassen, 46 | VP,
Operations | | Ken Gaida, 50 | VP
of Marketing |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/g/grl.gif)