Corporate Profile for Flores & Rucks, Inc., dated June 7, 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 News/Retrieval, Bloomberg Financial Markets, Reuter Company Newsyear, Reuter Business Briefing, DataTimes, Nexis, Dialog, NewsNet, America OnLine, 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, Comtex, and many others. -0- Published Date: June 7, 1996 Company Name: Flores & Rucks, Inc.
Address: 8440 Jefferson Hwy.
Suite 420
Baton Rouge, LA 70809
Main Telephone Number: 504/927-1450 Chief Executive Officer: James C. Flores Chief Financial Officer: Robert L. Belk Investor Relations Contact: Trish Bergeron Business number: 504/928-6222 Home number: 504/292-2217 Public Relations Contact: Trish Bergeron Business number: 504/928-6222 Home number: 504/292-2217 Trading Symbol: FNR Industry: ENERGY OIL/GAS Company description: Flores Flores, town, Guatemala Flores (flōrəs), town (1990 est. pop. 2,200), capital of Petén department, N Guatemala. Flores was built on an island in the southern part of Lake Petén Itzá and on the site of the & Rucks, Inc. (NYSE NYSE See: New York Stock Exchange :FNR FNR False Negative Rate FnR Find and Replace FNR Ford Nuclear Reactor FNR Future Net Revenue FNR For No Reason FNR Flexible Numbering Register FNR Fixed Network Reconfiguration FNR Frequency Normalization Response ) is an independent energy company focusing on profitability and growth through the exploration, development, production and acquisition of crude oil and natural gas. Its core assets encompass approximately 95,000 gross acres as of mid-May and include the East Bay Complex (South Pass 24 & 27 fields), Main Pass 69 field, and the Mallard mallard: see duck. mallard Abundant “wild duck” (Anas platyrhynchos, family Anatidae) of the Northern Hemisphere, ancestor of most domestic ducks. The mallard is a typical dabbling duck in its general habits and courtship display. Bay prospect. In December of 1994, FNR had initial public offerings of 5,750,000 shares of common stock at $10.00 per share and $125,000,000 of Senior Unsecured Notes. An additional offering of 4,500,000 shares of common stock was completed in March of 1996 at $14.75 per share. Flores & Rucks, Inc. is currently traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the ticker symbol "FNR." Since the Company's initial common stock offering in December of 1994, FNR's stock price has increased 199% to $29 7/8 per share as of May 31, 1996. For the year ended 12/31/95, FNR posted earnings of approximately $9.9 million, or $0.66 per share and an 84% increase in discretionary cash flow Discretionary cash flow Cash flow that is available after the funding of all positive net present value (NPV) capital investment projects; it is available for paying cash dividends, repurchasing common stock, retiring debt, and so on. as compared to 1994 to $57.0 million, or $3.79 per share. With a 48% increase in average daily production as compared to 1994 to 22.3 thousand barrels of oil equivalent, oil and gas revenues also increased 69% to $127.4 million. CONTACT: Flores & Rucks, Inc. |
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