| | Business Summary | | Wilshire
Oil
Company
of
Texas
is
engaged
in
the
exploration
and
development
of
oil
and
gas,
both
in
its
own
name
and
through
several
wholly
owned
subsidiaries,
in
the
United
States
and
Canada.
Many
of
the
Company's
present
producing
oil
and
gas
properties
are
operated
by
independent
contractors,
or
under
operating
agreements
with
other
companies
pursuant
to
which
the
Company
pays
a
proportionate
share
of
operating
expenses
based
upon
its
interests.
The
Company
also
acts
as
operator
of
various
properties,
charging
joint
venture
partners
for
their
proportionate
share
of
expenses.
The
Company
participated
in
the
drilling
of
13
wells
(3.1
net)
in
2000.
The
Company's
real
estate
division
owns
investment
real
estate
properties
in
Arizona,
Texas,
Florida,
Georgia
and
New
Jersey.
The
Company
also
holds
investments
in
certain
marketable
securities. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Wilshire
Oil
Company
of
Texas
is
engaged
in
the
exploration
and
production
of
oil
and
natural
gas
in
the
U.S.
and
Canada.
The
Company's
real
estate
division
owns
investment
real
estate
properties
in
AZ,
TX,
FL,
GA
and
NJ.
For
the
six
months
ended
6/30/01,
total
revenues
rose
30%
to
$12.6
million.
Net
income
totaled
$1.8
million,
up
from
$207
thousand.
Results
reflect
increased
oil
and
gas
revenues
due
to
higher
prices,
and
improved
operating
margins. | | More
from
Market Guide: Significant
Developments |
| | Officers | | | FY2000 Pay | |
| S. Wilzig Izak, 42
Chairman
and CEO | $140K | | 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.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/w/woc.gif)