Corporate Profile for Global Natural Resources Inc., dated March 29, 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, Comtex, and many others. -0- Published date: March 29, 1996 Company name: Global Natural Resources Inc.
Address: 5300 Memorial Drive, Suite 800
Houston, Texas 77007
Telephone No.: 713/880-5464 Chief Executive Officer: Robert F. Vagt Chief Financial Officer: Eric Lynn Hill Investor Relations Contact: Eric Lynn Hill Business number: 713/880-5464 Public Relations Contact: Robert F. Vagt Business number: 713/880-5464 Trading symbol: GNR Industry: ENERGY OIL/GAS Company description: GNR GNR Gram-negative rods Infectious disease Bacilli that don't absorb gram stain–ie, are pink; most clinically important GNRs are coliforms: Enterobacteriaceae–eg, Escherichia, Klebsiella, Proteus, Pseudomonas, Salmonella, Shigella is an independent producer of oil and natural gas, with operations in the U.S., Russia, Indonesia, Egypt and the Ivory Coast Ivory Coast: see Côte d'Ivoire. . In 1992, the company adopted a twofold strategy to direct internally generated cash at growing its base domestic assets, while directing the balance sheet cash primarily toward international opportunities. The short term objective being to generate a significant growth in assets by means of exploratory drilling, with a longer term goal of increasing cash flow and earnings. The company has met its short term goals with seven new field discoveries in the offshore U.S. gulf coast; major discoveries on the Qarun Block, Egypt and CI-11 Block, Ivory Coast; and development of the Onbysk Field in Tatarstan, Russia. Additional potential rests with two new Egyptian concessions (East Beni Suef Beni Suef (bĕ`– swāf) or Bani Suwayf (bä`nē), city (1986 pop. 152,476), capital of Beni Suef governorate, N central Egypt, on the Nile River. and Darag blocks), a second block in the Ivory Coast, CI-12 and two new field developments in Tatarstan, Russia (Demkinsk and Suncheleevsky fields). In 1995 the company had worldwide production of 50 mmcfg/d of gas and 4,500 bo/d of oil with operating cash flow Operating cash flow Earnings before depreciation minus taxes. Measures the cash generated from operations, not counting capital spending or working capital requirements. , before changes, of $27 million. This represents an increase of 37%, 46% and 75%, respectively, over 1994 levels. CONTACT: Global Natural Resources Inc. |
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