BPI Energy Holdings Inc (PK:BPIGF)
Business Focus: Unconventional Oil & Gas Production
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 30755 Bainbridge Rd Ste 280 SOLON OH 44139-2219 |
| Tel: | N/A |
| Website: | N/A |
| IR: | N/A |
| Key People | ||
| James G. Azlein President,Chief Executive Officer, Director | ||
| Business Overview |
| BPI Energy Holdings, Inc. (BPI Energy) is an independent energy company, engaged in the exploration, production and commercial sale of coalbed methane (CBM). BPI Energy is engaged in the acquisition, exploration, development and production of CBM reserves located in the Illinois Basin. The Company covers approximately 60,000 square miles in the mid to southern part of Illinois, southwest Indiana and northwest Kentucky. The Company has three projects in Illinois basin, and it has assembled CBM rights covering approximately 512,000 acres in the Illinois Basin. It operates in the Illinois Basin. The Company's key products include coalbed methane. |
| Financial Overview |
| For the fiscal year ended 31 July 2008, BPI Energy Holdings Inc revenues increased 69% to $2M. Net loss decreased 28% to $14.8M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Ceiling write down of gas properties decrease of 36% to $7.5M (expense), Other income (expense) net increase from $0K to $233K (income). |
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