Found this in the 10-Q filing for another oil co. I follow, Benton Oil And Gas recently moved to NYSE under symbol BNO, thought it relevant to the discussion here:
BENTON OIL AND GAS COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
------------------------------------------
Three Months Ended March 31, 1997
NOTE 9 - RELATED PARTY TRANSACTIONS
During 1996 and 1997, the Company made loans to Mr. A.E. Benton, its Chief Executive Officer, and Mr. M.B. Wray, its President and Chief Financial Officer,each loan bearing interest at 6%. At December 31, 1996, the balances owed to the Company by Mr. Benton and Mr. Wray were $277,854 and $619,430, respectively. At March 31, 1997, the balances owed to the Company by Mr. Benton and Mr. Wray were $328,198 and $628,307, respectively.
Point to Zeev, next volly please...
Alex |
