BNET Industries

Basic Earth Science Systems Inc.

(BSIC) is in the Energy Industry

Market Cap:$14.3M
Last Fiscal Year Sales:$9.0M
  • Public
  • US
Dow Jones Description

Basic Earth Science Systems, Inc. (Basic or the Company) is engaged in the exploration, acquisition, development, operation, production and sale of crude oil and natural gas. The Company's primary areas of operation are the Williston basin in North Dakota and Montana, south Texas and the Denver-Julesburg basin in Colorado. Company Developments Strategy Basic continues to make exploration and development drilling its primary means of growing oil and gas reserves. This strategy, adopted in the fiscal year ended March 31, 2002, follows a decade of pursuing a property acquisition strategy. Initially estimating that it would take five or more years to internally develop and finalize drilling prospects, the Company chose to "fast-track" this transition. To accomplish this Basic has aligned itself with small companies that generate drilling prospects and sell a portion of those prospects to recoup their front-end costs and reduce their own drilling cost burden. Basic initially was aligned with a single prospect generator. By fiscal year end March 31, 2004, the Company was pursuing opportunities from three prospect generators. During the fiscal year ended March 31, 2005 the Company focused on solidifying these relationships. Basic hopes to have five prospect generators by the end of the current fiscal year ending March 31, 2006.

Contact Information

633 Seventeenth Street

Suite 1645

Denver, Colorado 80202-3625

303-296-3076

NAICS Code Crude Petroleum and Natural Gas Extraction: 211111

Recent Events

  • Basic Earth Reports 2009 Fiscal Year End Results

    6/18/09 - Financial Announcement - View Story

  • Basic Earth Reports Bakken Well Tests At 543 BO/d, 1.2 MMcf/d

    6/13/09 - Joint Venture / Alliance - View Story

  • Fieldpoint stock soars after Basic Earth takeover falls through

    3/17/09 - Merger / Acquisition - View Story

News & Analysis

Filter by

basic earth science systems inc. - All News and Analysis

  • Basic Earth Reports 2009 Fiscal Year End Results

    - 2009-06-18

    DENVER, June 18 /PRNewswire-FirstCall/ -- BASIC EARTH SCIENCE SYSTEMS, INC. (BULLETIN BOARD: BSIC) reported net income of $578,000, or $0.03 per diluted share, on revenue of $9.1 million for the fiscal year end March 31, 2009. This compares with net income of $1.8 million, or $0.10...

  • Basic Earth Reports Production from Bakken Well

    - 2009-06-11

    DENVER -- BASIC EARTH SCIENCE SYSTEMS, INC. (OTCBB: BSIC) reports that the Roscoe 2H-8 well, a horizontal well located in the Banks Prospect in eastern McKenzie County, ND...

  • Basic Earth Updates Montana Horizontal Bakken Efforts

    - 2009-04-02

    DENVER, April 2 /PRNewswire-FirstCall/ -- Basic Earth Science Systems, Inc. Basic or the Company (BULLETIN BOARD: BSIC) reported that, along with its partner, it has drilled a new horizontal well, the Halvorsen-State 31X-36, in Richland County, Montana. While the drilling rig has been released, the well...

  • FieldPoint Petroleum Terminates Tender Offer

    - 2009-03-16

    AUSTIN, Texas -- FieldPoint Petroleum Corporation (AMEX:FPP) today announced that it has terminated its plans to offer its shares for shares of Basic Earth Science Systems, Inc. (OTCBB:...

  • BellwetherReport.com Analyst Report on BSIC, GFRE, CBEH and CVDT

    - 2008-08-14

    BellwetherReport.com is the leading onlinefinancial newsletter for investors seeking top independent and unbiasedresearch. Investors seeking free and unbiased analyst opinions on thecompanies mentioned in this release are encouraged to sign up to www.bellwetherreport.com for a free subscription to access these reports.Today, we have once again scheduled interviews with a...

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     BSIC $0.82 0.00 (0.00% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 7,572
Shares Outstanding 17.51M
Market Cap 14.4M
Year High 2.23
Year Low 0.51
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
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Energy Industry Companies

Company Employer Rating
Chevron 3.8
IndustryTop Rated

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