Corporate Profile for Questa Oil & Gas Co., Dated Aug. 13, 1999.--(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 online services, including all of the leading Internet-based services. -0-
Published Date: Aug. 13, 1999
Company Name: Questa Oil & Gas Co.
Address: 7030 South Yale Ave., Suite 700
Tulsa, OK 74136
Main Telephone
Number: 918/494-6055 or 888/748-6020
Main Fax Number: 918/494-8847
Internet Home
Page Address
(URL): none
Chief Executive
Officer: Warren Meeks
Chief Financial
Officer: Donald Towner
Investor Relations
Contact: Warren Meeks
Business number: 918/494-6055 or 888/748-6020
Public Relations
Contact: Ken Walker
Business number: 502/584-1367
E-mail address: kenwalker3@compuserve.com
Industry: Oil and gas
Trading Symbol/
Exchange: QUES/NASDAQ Small Cap Market
Market Makers
(as of 8/9/99): 1) Hill, Thompson, Magid
2) Knight Securities
3) Morgan, Keegan & Co.,
4) Paradise Valley Securities,
5) Spear, Leeds & Kellogg Capital Markets
Company description: Founded in 1981, Questa Oil & Gas Co. is a well-managed oil and gas exploration and development company. Based in Tulsa, Oklahoma Tulsa is the second-largest city in the state of Oklahoma and 45th-largest in the United States. With an estimated population of 382,872 in 2006,[1] it is the principal municipality of the Tulsa Metropolitan Statistical Area, a region of 897,752 residents projected to , the Company owns working interests in approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. 300 wells, primarily in Texas and Oklahoma Oklahoma (ōkləhō`mə), state in SW United States. It is bordered by Missouri and Arkansas (E); Texas, partially across the Red R. (S, W); New Mexico, across the narrow edge of the Oklahoma Panhandle (W); and Colorado and Kansas (N). . Questa has been profitable for 11 consecutive years, at a time when the industry has experienced considerable fluctuations. For 1998 the Company reported earnings of $401,000 on revenues of $3.9 million. For the six-month period ended June June: see month. 30, 1999, it reported earnings of $318,000 on revenues of $1.9 million. This slight increase in earnings over the prior year came despite significant decreases in the prices of oil and natural gas. The Company maintains an active exploration and development program. Through 1998 drilling and acquisitions, Questa replaced 110 percent of reserves produced. As of Dec. 31, 1998, proved gas reserves were estimated at 15.1 million cubic feet and oil reserves Oil reserves refer to portions of oil in place that are claimed to be recoverable under economic constraints. Oil in the ground is not a "reserve" unless it is claimed to be economically recoverable, since as the oil is extracted, the cost of recovery increases incrementally were estimated at 384,000 barrels. Gas accounts for approximately 83 percent of the Company's revenues. Questa's stock is traded 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 small cap market under the symbol QUES. At mid- mid- pref. Middle: midbrain. 1999 it traded in the $4.50 range, compared to an historic high of $8.32 (bid). These figures reflect a two-for-one stock split effective in February February: see month. of 1998. |
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