Corporate Profile for Questa Oil & Gas Co., dated Aug. 4.--(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: Aug. 4, 1995 Company name: Questa Oil & Gas Co.
Address: 7030 South Yale, Suite 700
Tulsa, OK 74136
Telephone No.: 918/494-6055 Chief Executive Officer: Warren Meeks Chief Financial Officer: Donald Towner Investor Relations Contact: Warren Meeks Business number: 918/494-6055 Public Relations Contact: Ken Walker Business number: 502/899-9458 Home number: same Trading symbol: QUES Industry: Oil & Gas Company description: 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 , Questa Oil & Gas Co. is a well-managed company that derives most of its revenues from natural gas. Its strong production record and strategic property acquisitions have resulted in seven consecutive profitable years. During 1994 a 46 percent increase in gas production offset slight oil and gas price drops, as the Company reported net earnings of $552,000, or 54 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , on revenues of $2.9 million. Questa's proved reserves proved reserves The quantity of minerals expected to be recoverable under current economic and operating conditions. The amount of proved reserves is important in valuing the stock of a company with significant holdings in natural resources. as of December 31, 1994 totaled 8.8 billion cubic feet of natural gas and 329,000 barrels of oil. Its reserve additions via acquisition, exploration and development exceeded oil and gas production by 236 percent during 1994. That was the fifth straight year the Company has replaced more than 200 percent of annual production. Because Questa has doubled its reserve base since 1990 through acquisitions and successful drilling, industry members have expressed interest in a possible merger or acquisition. However, after a tentative merger was dissolved dis·solve v. dis·solved, dis·solv·ing, dis·solves v.tr. 1. To cause to pass into solution: dissolve salt in water. 2. earlier this year, the board of directors decided to maintain operations and pursue existing opportunities. The Company's stock has been publicly traded since 1986 and recently traded at its all-time high bid price of $5.50 per share. That is more than four times the low bid price of $1.25 per share in 1991. CONTACT: Questa Oil & Gas Co. |
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