CANADIAN OIL & GAS HANDBOOK 1987-88 Published by Northern Miner Press Limited, 7 Labatt Ave., Toronto, Canada M5A3P2, 304 pages. Available in paperback at $32 or with leatherette cover at $36. Add $3 for postage and handling.
Listing over 600 companies, this new volume is a concise and comprehensive guide to every public Canadian company involved in the petroleum industry.
It comes out at a time when there have been encouraging signs for the economic revival of the industry, including early removal of the Petroleum and Gas Revenue Tax, (on Oct 1, 1986), which resulted in an increase in industry cash flow of approximately $200 million in the fourth quarter of the year.
In addition, provincial and federal tax incentives spurred exploration and development drilling in 1987. Flow-through financing provided a further $3 to $4 million for 1987 drilling, with additional funds committed for 1988. Over-all, industry long-term debt is at its lowest point since the late 1970s and, should oil prices remain stable or increase, the petroleum industry in Canada is in a position to prosper.
Against this optimistic background, the new Canadian Oil & Gas Handbook provides a detailed overview on each of the listed companies, including head office address and phone number, stock exchange listing(s) and symbol, directors and officers, authorized and issued capital, transfer agent, long-term debt, properties, reserves, production, land holdings, earnings and finances.
As well, the publication offers informative statistics on Canada’s Frontier Lands, top producers and land buyers, exports and imports of petroleum products, drilling completions, industry reserves and production, net income and cash flow, financial trends and stock prices for the past five years.
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