October 15, 1999 |
Beta Oil & Gas Inc., a Newport Beach-based oil and natural-gas exploration company, said Thursday that it agreed to buy closely held Red River Energy LLC for about $14.1 million in stock. Red River produces and transports natural gas and oil in Oklahoma. Two of the company's projects have "substantial upside potential," Beta said in a statement. Beta will give Red River's owners 2.25 million shares of common stock, valued at about $14.1 million based on Wednesday's closing price, and assume $7.
May 16, 2000
The Newport Beach energy company reported a first-quarter net loss of $125,426, or 1 cent a share, which included noncash charges of $561,072 in depletion and depreciation. That compares with a net loss of $714,104, or 10 cents a share, which included noncash depletion and depreciation charges of $12,415 and $429,505 in noncash interest expenses. Revenue rose to $940,250 from $29,664.
October 15, 1999
Newport Beach-based Beta Oil & Gas Inc., an oil and natural gas exploration company, said it agreed to buy closely held Red River Energy of Oklahoma for about $21.7 million in stock and assumed debt.
January 12, 2000
Analysts at the Red Chip Review on Tuesday released its list of the top 24 small-cap stocks, including two Orange County companies, in growing industries or with undiscovered value. The Portland, Ore., research division of RedChip.com Inc. said Interpore Cross International in Irvine is a leading innovator in the biologic and spinal implant markets, which are more than $1 billion in combined size and growing in at mid-double-digit rates. The review also said that Beta Oil & Gas Inc.