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.
November 13, 1999
Beta Oil & Gas Inc., a Newport Beach energy company, said it lost $1.9 million, or 21 cents a share, for the third quarter, compared to a net loss of $185,094, or 3 cents a share, for the like period last year. Revenue totaled $254,332. No revenue was reported for the 1998 third quarter.
March 4, 2000
Beta Oil & Gas Inc., a Newport Beach energy company, reported a fourth-quarter net loss of $1.7 million, or 19 cents a share, which included noncash charges of $2.1 million. That compares with a net loss of $171,185 for the like period last year. Quarterly revenue totaled $823,885. For the year the company lost $5.4 million, or 66 cents a share, which included noncash charges of $5.1 million. The net loss for the prior year was $641,926, or 10 cents a share. Annual revenue was $1.2 million.
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.