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.

Contact Information

Suite 1670, 700 - 2nd Street S.W.

Calgary, Alberta T2P 2W1

(403) 441-4390

NAICS Code Drilling Oil and Gas Wells: 213111

News & Analysis

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Additional Resources

  • Patch International Inc. Files Interim Financial Statements

    - 2009-05-01

    CALGARY, May 1 /PRNewswire-FirstCall/ -- Patch International Inc. (OTCBB:PTCHF) ("Patch" or the "Company") is pleased to announce that it has filed its quarterly financial information on SEDAR which includes the Company's Quarterly Financial Statements and management discussion and analysis ("MDA") for the three and nine months ending February 28th,...

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Energy Industry Companies

Company Employer Rating
Chevron 3.8
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