Benson Petroleum's CEO Yook Mah Talks to The Wall Street Transcript.Business Editors NEW YORK--(BUSINESS WIRE)--Aug. 21, 2000 The Wall Street Transcript A generic term for any kind of copy, particularly an official or certified representation of the record of what took place in a court during a trial or other legal proceeding. A transcript of record has published an in-depth interview with Yook Mah, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Benson Petroleum (Toronto:BEN.TO), in which he talks at length about the company's future. The entire 1,600-word interview is available free online at http://www.twst.com/ceos.htm Mah gives an overview of the company, "Benson is an active, growing junior oil and gas company that is headquartered in Calgary, Alberta, in Canada. It has focused activities in western Canada
Western Canada, commonly referred to as the West , primarily all in the province of Alberta. Our current production is around 3,100 BOE BOE Based on Experience BOE Board of Education BOE BoletÃn Oficial del Estado (Spanish) BOE Bank of England BOE Board of Equalization BOE Board of Elections BOE Barrel of Oil Equivalent BOE Bind on Equip per day, and we're weighted to oil -- about 65% oil. The company has a fair amount of undeveloped land for its size, about 101,000 undeveloped acres. Our reserve base was about seven and a half million BOE of reserves at the end of last year." Mah explains, "We have a prudent management style, a good base of producing assets and a low- to medium-risk exploration portfolio in East Central Alberta Central Alberta (also named Alberta's Heartland) is a region located in the Canadian province of Alberta. Central Alberta is the most densely populated rural area in the province. Agriculture and energy make up an important part of the economy. and Cherhill. We think we'll be able to maintain and grow our production from our low to medium risk prospects. We are targeting growth in production of about 20%-25% a year; we think we can do that in our current production areas in East Central Alberta and Cherhill." Looking forward, Mah states, "We have had some good drilling success this year, and along with a production purchase in our East Central Alberta core area, we expect to see our production continue to grow from the current levels; we expect to be producing 3,500 BOE a day or more by the end of this year. We expect production to continue to increase through next year as well." This interview is part of a 115-page Canadian Oil Issue available at http://www.twst.com/info/info157.htm or by calling (212) 952-7433. The Wall Street Transcript is a premier weekly investment publication serving serious long-term investors Long-term investor A person who makes investments for a period of at least five years in order to finance his or her long-term goals. for over 37 years. The Wall Street Transcript has launched a new free service where investors can ask Benson Petroleum (or any public company) a question at http://www.qawire.com The Wall Street Transcript does not endorse To sign a paper or document, thereby making it possible for the rights represented therein to pass to another individual. Also spelled indorse. endorse (indorse) v. the views of any interviewees nor does it make stock recommendations. For subscription information call (800) 246-7673. |
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