BNET Industries

VTEX Energy Inc.

(VXEN) is in the Energy Industry

Market Cap:$124.0K
Last Fiscal Year Sales:$641.6K
  • Public
  • US
Dow Jones Description

VTEX Energy, Inc. is a publicly traded, (OTC BB:VXEN.OB), oil and gas exploration and production company with primary offices in Houston, Texas. In its Form 10-KSB for the fiscal year ending April 30, 2005 as filed with the Securities And Exchange Commission ("SEC"), the Company reported estimated future net cash flows (discounted at 10%) from proved oil & gas reserves of approximately $30,500,000, exclusive of any valuation of its recent Viking acquisition. U. S. domestic reserves and production development initiatives are currently concentrated in two fields comprising of approximately 5,170 lease acres of mature production interests, the Bateman Lake field in St. Mary Parish, Louisiana and the Mustang Island 818-L field located offshore in Texas State waters, of which a number of drilled and completed wells are non-producing at the current time. The company has high confidence in its capability to expand its proved natural gas base from recompletions in existing wells and additional development in these two fields.

President and Director
Stephen F Noser
Contact Information

11811 North Freeway

Suite 200

Houston, Texas 77060

vtexenergy.com

281-445-5880

NAICS Code Support Activities for Oil and Gas Operations: 213112

Decision Makers

Name (plus bio) Position
Stephen F Noser President and Director
Randal B McDonald Chief Financial Officer and Director, Principal Accounting and Financial Officer
Thomas R Kaetzer Operations Consultant

Board of Directors

Name (plus bio) Position
John E Seago Board of Directors

Organization Position Status
Vtex Energy, Inc. President and Director Current
The University of Houston J.D. Degree Former
University of St. Thomas B.A. Former

Mr. McDonald has been with the Company since 1998, and he has twenty-five years experience in the field of public accounting. Since 1993, he has provided general financial consulting and litigation support services to a variety of companies. Such services have included preparation and review of public and private offering documents, preparation of pro forma financial statements utilized in raising capital, and serving as interim chief financial officer. From 1979 to 1985, he was with KPMG Peat Marwick's Houston office, specializing in public oil and natural gas companies. During 1986, he served a one-year rotational assignment in KPMG Peat Marwick's world headquarters developing their audit software. During 1987, he served as Chief Financial Officer for IBS Technologies, Ltd., a publicly traded computer software company. From 1988 to 1992, he was with Arthur Andersen's Denver office, specializing in public oil and natural gas companies. Mr. McDonald holds a B.B.A. in accounting from the University of Texas at Austin and is a licensed CPA.

Organization Position Status
Vtex Energy, Inc. Chief Financial Officer and Director, Principal Accounting and Financial Officer Current
Ibs Technologies, Inc. Chief Financial Officer Former
The University of Texas at Austin B.B.A. In Accounting Former

Organization Position Status
Vtex Energy, Inc. Operations Consultant Current
V-Tex, Inc. Former
Tulane University Masters Degree In Petroleum Engineering Former
University of Illinois Bachelor of Science Degree In Civil Engineering Former

Organization Position Status
Vtex Energy, Inc. Board of Directors Current
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     VXEN $0.01 0.00 (0.00% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 8,259
Shares Outstanding 15.50M
Market Cap 124.0K
Year High 0.03
Year Low 0.002
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
IndustryTop Rated
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