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BUSINESS
August 13, 1996 | Times Staff and Wire Reports
Western Resources Increases Stake in ADT: The move by the Topeka, Kan.-based energy company may foreshadow an attempt to block Republic Industries Inc.'s planned acquisition of ADT Ltd., North America's largest electronic security company. Western Resources Inc. spent $24.5 million to increase its stake to 24% from 23.1%, according to a filing with the Securities and Exchange Commission. It also said it "may determine to oppose" Republic's bid for ADT but hasn't made a final decision.
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BUSINESS
August 16, 1987
Western Energy Resources Inc., a Mission Viejo-based oil and gas development company, reported a second-quarter net loss of $43,571, contrasted with a loss of $81,043 for the same period a year earlier. Revenues for the period fell to $40,000 from $48,492 for the same period last year. A surplus of domestic gas led to the reduced sales, according to Richard Johnson, president of the company.
BUSINESS
August 13, 1996 | Times Staff and Wire Reports
Western Resources Increases Stake in ADT: The move by the Topeka, Kan.-based energy company may foreshadow an attempt to block Republic Industries Inc.'s planned acquisition of ADT Ltd., North America's largest electronic security company. Western Resources Inc. spent $24.5 million to increase its stake to 24% from 23.1%, according to a filing with the Securities and Exchange Commission. It also said it "may determine to oppose" Republic's bid for ADT but hasn't made a final decision.
BUSINESS
July 17, 1990
Fortune Petroleum Corp. in Agoura Hills announced that it has canceled plans to acquire most of the assets of Western Energy Resources Inc. The plans hinged on Fortune raising $500,000 through an offering of stock, and warrants to buy additional stock. However, the offering, which expired June 15, raised only $284,797. Fortune is an oil and gas exploration company.
BUSINESS
May 8, 1986
Western Energy Resources Inc., an independent oil and gas company based in Newport Beach, said it lost $41,752 for the first quarter, compared with a year-earlier loss of $11,535. Revenue for the period was $95,125, down 8% from $105,753. Richard Johnson, president of the company, said its financial results were "unfavorably impacted" by the severe decline in world market prices for gas and oil.
BUSINESS
May 12, 1987
Western Energy Resources Inc., a Mission Viejo-based oil and gas development company, reported a first quarter 1987 net loss of $31,134, compared with a loss of $41,752 for the same period a year earlier. Revenues for the period plunged 50% to $47,564 from $95,125 for the same period a year earlier. Company officials said oil and gas production in the 1987 quarter was only slightly lower than in the earlier period.
BUSINESS
August 16, 1987
Western Energy Resources Inc., a Mission Viejo-based oil and gas development company, reported a second-quarter net loss of $43,571, contrasted with a loss of $81,043 for the same period a year earlier. Revenues for the period fell to $40,000 from $48,492 for the same period last year. A surplus of domestic gas led to the reduced sales, according to Richard Johnson, president of the company.
BUSINESS
September 18, 1986
John T. Isberg has been elected to the board of directors of Western Energy Resources Inc., an independent oil and gas company in Mission Viejo. Isberg has spent 49 years in the oil industry. He was with Superior Oil International in Los Angeles for four decades and was serving simultaneously as vice president of its exploration subsidiary and vice president of the parent company when he left in 1977 to join McFarland Energy Inc., in Santa Fe Springs, as vice president of exploration.
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