BNET Industries
Market Cap:$2.3M
Last Fiscal Year Sales:$57.3M
- Public
- US
Dow Jones Description
Mfr. of Liquid Petroleum Gas & Sales of Petrochemical Products
Acting Chief Executive Officer, Acting President, Vice President, Treasurer, Chief Financial Officer
Ian T BothwellNumber of Employees 7
Contact Information
77-530 Enfield Ln Bldg D
Palm Desert, California 92211
(760) 772-9080
Peer Companies
NAICS Code Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals): 424720
News & Analysis
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penn octane corp. and texas - All News and Analysis
Penn Octane Corp.'s S-3 Registration Statement Declared Effective by the SEC
Business Editors PALM DESERT, Calif.--BUSINESS WIRE--March 14, 2001 Penn Octane Corp. (Nasdaq:POCC) announced today that its S-3 Registration Statement originally filed with the Securities and Exchange Commission on March 9, 2001, has been declared effective as of 10 a.m. EST March 14, 2001. Penn Octane is a...
Penn Octane Corp.'s Judgment Award Upheld by Texas Court of Appeals
REDWOOD CITY, Calif.--BUSINESS WIRE--Jan. 6, 1999-- Texas Court of Appeals Denies Motion for Rehearing and Upholds Arbitration Award Against International Bank of Commerce J.B. Richter, president and CEO of Penn Octane Corp. (Nasdaq/Amex SmallCap market:POCC) today announced that the Appellant (International Bank of Commerce-Brownsville) motion for rehearing...
Penn Octane Corp. Announces Results for Second Quarter 1998
REDWOOD CITY, Calif.--BUSINESS WIRE--March 17, 1998--Penn Octane Corp. (NASDAQ SmallCap market:POCC) today reported net income for the three and six months ended Jan. 31, 1998, of $258,677 and $134,229 or $0.03 per share (based on 8.7 million weighted average common shares outstanding) and $0.02 per share (based on 8.6 million...
Penn Octane Corp. Announces Completion of $6,000,000 Credit Facility
REDWOOD CITY, Calif.--BUSINESS WIRE--Nov. 4, 1997--J.B. Richter, president and CEO of Penn Octane Corp. (NASDAQ SmallCap:POCC) announced today the completion of a $6 million credit facility with RZB Finance LLC, a wholly owned subsidiary of Raiffeisen Zentralbank Osterreich AG (RZB-Austria). This credit facility will be used for...
Penn Octane Corp. Announces Intention to File Registration Statement for Public Offering of Common Stock
REDWOOD CITY, Calif--BUSINESS WIRE--Oct. 21, 1997--Penn Octane Corp. (NASDAQ SmallCap:POCC) announced today that it is contemplating filing a registration statement with the Securities and Exchange Commission for the sale of its Common Stock, par value $.01 per share, in an underwritten primary and secondary offering, subject to market conditions. ...
Penn Octane Corp. accepted for trading on NASDAQ Stock Market
REDWOOD CITY, Calif.--BUSINESS WIRE--Dec. 1, 1995--Penn Octane Corp. (NASDAQ:POCC), a Redwood City-based company which operates a liquified petroleum gas LPG pipeline in south Texas and a LPG terminal in the Port of Brownsville, Texas, announced today that its common stock has been accepted for trading on the NASDAQ Stock Market...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Ian T Bothwell | Acting Chief Executive Officer, Acting President, Vice President, Treasurer, Chief Financial Officer |
| Dan Matthews | Vice President & General Manager |
| Jerry Lockett | Secretary & Vice President |
| James Cummings | Safety Manager |
| Joe Siltz | Transportation Manager |
| Sean Daily | Terminal Manager |
| Delia Chavez | Controller |
| Gen L.P. Standard | |
| Linda Shepardson | Rating and Invoicing Clerk |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Richard R. Canney | Chair of Board |
| Bruce I. Raben | Board of Directors |
| Douglas G Manner | Board of Directors |
| Eugene A. Viele | Board of Directors |
| Harvey L. Benenson | Board of Directors |
| Nicholas J. Singer | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Penn Octane Corporation | Acting Chief Executive Officer, Acting President, Vice President, Treasurer, Chief Financial Officer | Current |
| Rio Vista Energy Partners | Acting Chief Executive Officer, Acting President, Vice President, Treasurer, Chief Financial Officer | Current |
| Bothwell | Principal | Current |
| Penn Octane Corporation | Treasurer | Current |
| Penn Octane Corporation | Acting President | Former |
| Rio Vista Energy Partners | Vice President & Cfo | Former |
| Penn Octane Corporation | Chief Financial Officer | Former |
| Penn Octane Corporation | Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Penn Octane Corporation | Vice President & General Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Penn Octane Corporation | Secretary & Vice President | Current |
| Penn Octane Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Penn Octane Corporation | Safety Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Penn Octane Corporation | Transportation Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Penn Octane Corporation | Terminal Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Penn Octane Corporation | Controller | Current |
| Organization | Position | Status |
|---|---|---|
| Penn Octane Corporation | Current |
| Organization | Position | Status |
|---|---|---|
| Penn Octane Corporation | Rating and Invoicing Clerk | Current |
Richard R. Canney was elected as a member of the board of managers of the General Partner in August 2004. Since 1997, Mr. Canney has been employed in the mergers and acquisitions and new ventures division of Shell Oil Company in Houston, Texas. Prior to joining Shell, Mr. Canney was a Director and Managing Partner of Corporacion Mercantil Internacional, S.A. de C.V. in Mexico City. From 1994 to 1996, Mr. Canney was a professor of finance at Instituto Tecnologico Autonomo de Mexico in Mexico City. Mr. Canney earned a Masters of Business Administration from the University of Chicago in June 1989. Mr. Canney is also Chairman of the Board of Penn Octane.
| Organization | Position | Status |
|---|---|---|
| Rio Vista Energy Partners | Member of The Board of Managers of The General Partner | Current |
| Penn Octane Corporation | Chair of Board | Current |
| University of Chicago | Masters of Business Administration | Former |
| Organization | Position | Status |
|---|---|---|
| Penn Octane Corporation | Board of Directors | Current |
Douglas Manner is President and Chief Executive Officer of Westside Energy Corp. He was previously Senior Vice-President and Chief Operating Officer of Kosmos Energy LLC; President and Chief Operating Officer of Whitestone Energy LLC; Chairman and Chief Executive Officer of Bellwether Exploration, and Chief Operating Officer of Gulf Canada Resources Limited. His career began as an Operations Reservoir Engineer at Amoco Production Company where he later became District Manager. In 1981, Mr. Manner joined Ryder Scott Petroleum Engineers as a consulting reservoir engineer. In 1995, as Senior Vice-President, he established a branch office in Calgary . Mr. Manner is a former board member of Resolute Energy Inc. and holds a Bachelor of Science degree (Mechanical Engineering) from Rice University.
| Organization | Position | Status |
|---|---|---|
| Westside Energy Corp | President and Chief Executive Officer | Current |
| Kosmos Energy LLC | Senior Vice President | Current |
| Rio Vista Energy Partners | Member of the Board of Managers of the General Partner | Current |
| Rio Vista Energy Partners L.P. | Chairman | Current |
| Cordero Energy Inc | Director | Current |
| Penn Octane Corporation | Board of Directors | Current |
| Irvine Energy Plc | Board Member | Current |
| Kosmos Energy LLC | President and Chief Operating Officer | Former |
| Amoco Corporation | District Manager | Former |
| Amoco Corporation | Reservoir Engineer | Former |
| Resolute Energy, Inc. | Board Member | Former |
| Rice University | B.S. Degree In Mechanical Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Penn Octane Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Penn Octane Corporation | Board of Directors | Current |
Nicholas J. Singer was elected as a member of the board of managers of the General Partner in January 2008. Mr. Singer is a Co-Managing Member of Standard General Management LLC, an investment management firm based in New York City. Before joining Standard General Management LLC in 2007, Mr. Singer was a Founding Partner at Cyrus Capital Partners during 2005 and 2006. Prior to joining Cyrus Capital Partners, he was a senior research analyst and principal at Och-Ziff Capital Management from 2002 until 2005. Concurrent with his election to the board of managers of Rio Vista, Mr. Singer was also elected to the board of directors of Penn Octane.
| Organization | Position | Status |
|---|---|---|
| Rio Vista Energy Partners | Member of The Board of Managers of The General Partner | Current |
| Penn Octane Corporation | Board of Directors | Current |
| Cyrus Capital Partners LP | Former |
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