Corporate Profile for Comanche Energy Inc., dated Sept. 6, 1996.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and information services See Information Systems. . These include Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance News/Retrieval, Bloomberg Financial Markets, Reuter Company Newsyear, Reuter Business Briefing, DataTimes, Nexis, Dialog, NewsNet, America OnLine See AOL. , CompuServe, Delphi, Individual's HeadsUp and First!, Desktop Data's NewsEdge, UMI UMI University Microfilms International UMI United States Minor Outlying Islands (ISO Country code) UMI University of Miami UMI Universal Management Infrastructure (IBM) Data Courier, NewsBank, Information Access Company, Prodigy An online information service that provides access to the Internet, e-mail and a variety of databases. Launched in 1988, Prodigy was the first consumer-oriented online service in the U.S. , Comtex, and many others. -0- Published Date: Sept. 6, 1996 Company Name: Comanche Energy Inc.
Address: 8111 LBJ Freeway, Ste 787
Dallas, Texas 72551
Main Telephone Number: 214/235-6869 Chief Executive Officer: Frank W. Cole Chief Financial Officer: Frank W. Cole Investor Relations Contact: Chez Inc. Business number: 954/489-9398 Public Relations Contact: Chez Inc. Business number: 954/489-9398 Trading Symbol: CMCY Industry: Management of producing oil & gas well pipelines Company description: With two other NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on listed oil companies under his belt, Frank W. Cole is now doing it again with Comanche Energy Inc. Since acquiring Comanche 18 months ago Frank Cole has raised shareholder equity 60% and has increased total assets to over $2 million. Current Assets Current Assets Appearing on a company's balance sheet, it represents cash, accounts receivable, inventory, marketable securities, prepaid expenses, and other assets that can be converted to cash within one year. : In Southwest Oklahoma, Comanche currently owns interest in: -- 60 oil & gas wells -- 2 gas liquid plants -- 3 gas gathering systems -- Comanche Gas System - Profitable -- Nellie See Sooty albatross Gas System - Profitable -- Cotton Gas System - Profitable with huge potential In Texas, Comanche owns interest in 24 wells and is working to acquire more in the area. With their gas gathering systems alone, Comanche Energy is producing over $1/2 million in revenue with rapid increase. When all phases are complete, these three systems will produce, conservatively, over 20,000 MCF/day. At $2.00 per MCF this represents about $15 million per year in revenue. Reasonable estimates from these systems would be $3 million per year. Comanche has two other major projects on schedule, a large water flood project in Oklahoma (which if fully successful, will net an additional $500,000 for the company) and a large development drilling project in South Texas. CONTACT: Comanche Energy Inc. |
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