BNET Industries
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
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Basic Earth Reports 2009 Fiscal Year End Results
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Basic Earth Reports Bakken Well Tests At 543 BO/d, 1.2 MMcf/d
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Fieldpoint stock soars after Basic Earth takeover falls through
News & Analysis
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basic earth science systems inc. - All News and Analysis
Basic Earth Reports 2009 Fiscal Year End Results
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
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
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
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
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...
BellwetherReport.com Analyst Report on PRPL, UFFC, BSIC and DYMTF
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...
Turning Pennies into dollars: (OTCBB: BSIC) , (OTC BB:BPMA), (OTC BB:BCTE) , (OTCBB: BSHF).
M2 PRESSWIRE-1 April 2008-RealPennies.com: Turning Pennies into dollars: (OTCBB: BSIC) , (OTC BB:BPMA), (OTC BB:BCTE) , (OTCBB: BSHF)C1994-2008 M2 COMMUNICATIONS LTD RDATE:01042008 Are you a public company looking for exposure? Contact RealPennies.com - 1.800.940.6559 For...
Basic Earth Reports Changes to Company Officers.
M2 PRESSWIRE-22 February 2008-InvestorInstantMessaging: Basic Earth Reports Changes to Company OfficersC1994-2008 M2 COMMUNICATIONS LTD RDATE:22022008 InvestorIM has been created as a tool for the average investor. The idea is simple, a website where the world can communicate. Do you have...
Speak with other shareholders about: (OTCBB:NIVM), (OTCBB:MOSH), (OTCBB:GYPH), (OTCBB:KDSM), (OTCBB:BSIC), and (OTCBB:IMRP) .
M2 PRESSWIRE-2 March 2007-Stockwire.com: Speak with other shareholders about: (OTCBB:NIVM), (OTCBB:MOSH), (OTCBB:GYPH), (OTCBB:KDSM), (OTCBB:BSIC), and (OTCBB:IMRP) .C1994-2007 M2 COMMUNICATIONS LTD RDATE:02032007 AUSTIN, TX: A very interesting indicator to look for is where the money is flowing into. We have a...
Mesa Offshore Trust Announced There Will Be No Trust Income Distribution For The Month Of February 2007, As Other Companies Close On Acquisition, And Release Project Updates And Results.
M2 PRESSWIRE-2 March 2007-Stockguru.com: Mesa Offshore Trust Announced There Will Be No Trust Income Distribution For The Month Of February 2007, As Other Companies Close On Acquisition, And Release Project Updates And ResultsC1994-2007 M2 COMMUNICATIONS LTD RDATE:02032007 Dallas, Texas - StockGuru...
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