Business Information
The group's principal activity is to acquire and develop oil and gas properties. The group's mission is to be publicly traded, independent oil and gas and production company which can take full advantage of opportunities resulting from all the major oil companies' divestiture of domestic oil and gas properties. The group own or operate all the portion of 23 wells located in gregg, hopkins, franklin panola and wood counties, Texas. In order to finance future development and exploration activities, the group will sponsor or manage public or private partnerships depending upon the number, sizeand economic feasibility of the generated prospects. The group also acquired several wells and acreages in Oklahoma.
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Name |
Title
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Email
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| De Pitt | Owner, Pres. - PAX Energy, Merlin Corporation | N/A | | Ellis Randolph | Owner, Pres. - Creede Oil, Gas Company | N/A | | Tim Burroughs | Founder, CEO, CFO, Pres. | N/A | | Dick O’donnell | VP - Investor Relations | N/A | | Jeffery Reynolds | Dir. | N/A |
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Year |
Sales |
Net Income |
| 2006 | 906 | (1,129) | | 2005 | 1,170 | (418) | | 2004 | 1,064 | (832)
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