| IPO Company Profile © ipodata.com |
| Message Board | SEC Filings | Peer IPO Companies |
| Westlinks Resources Ltd. |
| 2 Wall Street, New York, NY 10005 * (212) 732-3200 |
| Business Description | The Company is an operating oil and gas company that drills, operates and exploits development crude oil and natural gas wells in our core areas in western Canada. |
|
Filing Information Not yet | |||
| To Trade As | WLKSF (NASSCM) | Industry | Natural Resource (SIC 1311) |
| Type of Stock Offered | Common Shares | Filing Date | 6/21/00 |
| Domestic Shares Filed | 1,000,000 | Filing Price | $5.00 |
| Foreign Shares Filed | 0 | Offering Amount | $5,000,000 |
| Company Shares | 1,000,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | 5,432,639 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Spencer Edwards & Company | Lead Manager | (800) 288-8448 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 3 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/99 | 3/31/00 | |||||
| Revenues | - | - | - | - | 1.405 | - | 0.918 |
| Income from Oper. | - | - | - | - | -0.371 | - | 0.215 |
| Net Income | - | - | - | - | -0.034 | - | 0.116 |
| E.P.S | - | - | - | - | -0.010 | - | 0.030 |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | 23.42 | - |
| Net Profit Margin (%) | - | - | - | - | - | 12.64 | - |
| Cash Flow - Oper. | - | - | - | ||||
| Cash Flow - Inv. | - | - | - | ||||
| Cash Flow - Fin. | - | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 3/31/00 | Financial Ratios | ||||
| Total Assets | 7.66 | Current Assets | - | Current Ratio | - |
| Total Liab. | 4.59 | Current Liab. | - | Debt Ratio | 59.97% |
| Total Equity | 3.07 | Working Cap. | - | Debt to Equity Ratio | 1.50 |
| Cash | 0.01 | Return on Assets | 1.51% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for repayment of debt; for acquisitions and/or development of additional reserves, and for working capital. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Growling, Strathy & Henderson |
| Bank's Law Firm | Agron, Gary A. |
| Auditor | Collins Barrow |
| Send us feedback if you would like to request that we hyperlink a firm on this page | |
| Industry Competition |
The petroleum industry is highly competitive. The Company competes with numerous other participants in the acquisition of oil and gas leases and properties, and the recruitment of employees. Competitors include oil companies which have greater financial resources, staff and facilities than those of the Company. The Company�s ability to increase reserves in the future will depend not only on the Company�s ability to develop existing properties, but also on the Company�s ability to select and acquire suitable additional producing properties or prospects for drilling. The Company also competes with numerous other companies in the marketing of oil. Competitive factors in the distribution and marketing of oil include price and methods and reliability of delivery. |
| Business Plan |
The Company�s management team has developed what the Company considers to be a highly focused approach to the exploitation and development of oil and gas properties. This approach includes the following elements: (i) the concentration on low-risk, development prospects; (ii) the consolidation of adjacent or close-proximity prospects; (iii) the acquisition of oil and gas; (iv) the emphasis on development drilling; (v) the use of either seismic analysis; and (vi) the selection of producing oil and gas properties. |
| Warrant Information | |||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||