BNET Industries
Last Fiscal Year Sales:$15.5K
- Public
- CA
Dow Jones Description
The Company's business originally was the development and commercialization of non-prescription therapeutics and nutraceuticals designed to prevent inflammation and their sequelae, and the development of cosmetics for skin conditions. The Company had not generated any revenues from product sales, royalties or license fees. Due to the inability of the Company to obtain funding and/or partners to pursue its pharmaceutical projects, it decided to seek other business opportunities. On October 20, 2003, the Company entered into an Arrangement Agreement to acquire Patch Energy Inc., a privately-held company existing under the CANADA BUSINESS CORPORATIONS ACT ("Patch"). Patch's principal business has been the exploration, development and production of oil and natural gas reserves through participation in farmout arrangements where third parties act as the operator of the project. Patch's main focus had been on its assets located in the Kerrobert area in the Province of Saskatchewan, Canada. Principal capital expenditures of Patch through May 31, 2005 have been US$330,291 for the acquisition, exploration, and development of its interests in the oil and gas properties.
Number of Employees 2
Contact Information
700 2nd Street Southwest Suite 1670
Calgary, Alberta T2P 2W1
(403) 441-4390
Peer Companies
NAICS Code Drilling Oil and Gas Wells: 213111
News & Analysis
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Additional news...
- 2008-03-01
* Houston-based E&P Dynamic Off-shore Resources LLC has received a $450-million equity commitment from New York-based private-equity firm Riverstone Holdings and The Carlyle Group, and the founders and management team have committed an additional $50 million fora total $500 million. Dynamic will focus on producing properties in the Gulf of...
Source Press: Oil Sands Projects Steam Ahead in Alberta, Despite Harper
- 2007-01-23
TORONTO -- The Bush administration last week urged Canada's natural resources agency to increase oil sands production in the Alberta province five-fold to 5 million barrels per day, but a spokesman for Prime Minister Stephen Harper said "not at the expense of the environment." Meanwhile, while Harper turns his back...
[update 1] Alberta Oil Sands Proving Rich for Developers.
- 2006-04-07
M2 PRESSWIRE-7 April 2006-Axcess News: [update 1] Alberta Oil Sands Proving Rich for DevelopersC1994-2006 M2 COMMUNICATIONS LTD RDATE:07042006 New York - In a story published in early March, AXcess News covered the Canadian oil sands being developed in Alberta where government ...
Alberta Oil Sands Proving Rich for Developers.
- 2006-04-06
M2 PRESSWIRE-6 April 2006-Axcess News: Alberta Oil Sands Proving Rich for DevelopersC1994-2006 M2 COMMUNICATIONS LTD RDATE:06042006 New York - In a story published in early March, AXcess News covered the Canadian oil sands being developed in Alberta where government figures put...
- 1
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