BNET Industries

Market Cap:$1.5M
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 Bothwell
Number of Employees 7
Contact Information

77-530 Enfield Ln Bldg D

Palm Desert, California 92211

www.pennoctane....

(760) 772-9080

NAICS Code Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals): 424720

News & Analysis

penn octane corp. - All News and Analysis

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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     POCC $0.10 0.00 (0.00% )
Average Volume 762
Shares Outstanding 15.42M
Market Cap 1.5M
Year High 1.75
Year Low 0.1
Earnings Per Share -0.18
P/E Ratio -0.56
Dividend N/A
Yield N/A
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