Corporate Profile for Energy Reserve Inc., dated Dec. 15, 1995.--(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 and many others. -0- Published date: Dec. 15, 1995 Company name: Energy Reserve Inc.
Address: 100 W. Clarendon, No. 450
Phoenix, AZ 85013
Telephone No.: 602/264-1897 Chief Executive Officer: Alfred Sprenger Chief Financial Officer: Robert DuPree Investor Relations Contact: Alfred Sprenger Business number: 602/264-1897 Home number: 602/943-8677 Public Relations Contact: James L. Cox Business number: 704/825-8146 Home number: 704/543-8121 Trading symbol: ERES
Industry: Energy Production; Instrumentation; Manufacturing;
(all independent) Customer Remote Services
-0- Company description: Energy Reserve Inc., a public corporation, started as an oil interest acquisition and production company in 1968, and was one of the original companies listed on the 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 exchange. As an active issue in the oil embargo years, Energy traded for share prices in excess of $40. Activity declined during the "oil hiatus," but now with a renaissance of domestic energy, movement is starting. Energy holds a large royalty interest royalty interest The proportional ownership interest by the owner of oil and gas rights in income produced by the asset. See also overriding royalty interest. in coal reserves in Johnson County, Wyoming Johnson County is a county located in the north central of the U.S. state of Wyoming. As of the 2000 census, the population is 7,025. Johnson County lies to the southeast of the Bighorn mountains along Interstate 25 and Interstate 90. Buffalo is the county seat. , and holds over 23 million barrels of proven recoverable oil reserves in the surveyed portion of its Chico Martinez (Bakersfield, Calif.) field alone. Opening in the oil field is planned for 1996, as many have expressed interest in the qualification of Energy under the Federal (and California) Enhanced Oil Recovery Enhanced Oil Recovery (EOR) is a generic term for techniques for increasing the amount of oil that can be extracted from an oil field. Using EOR, 30-60 %, or more, of the reservoir's original oil can be extracted [1] compared with 20-40% [2] Act, which provides major tax benefits for co-investors. Energy is now very active with recent acquisitions of a profitable manufacturing company in the temperature recording business, Twin-Chart Inc., and an "on-site" check cashing company in the greater Phoenix area. In addition, the company has acquired a large block of shares in a new air freight company. CONTACT: Energy Reserve Inc. |
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