GeoMet, Inc. (GeoMet) is a shell company. The Company was engaged in the exploration, development and production of natural gas from coal seams (coalbed methane (CBM)). The
Company's operations and producing properties were located in the Central Appalachian Basin in Virginia and West Virginia. The Company was the operator of 298 producing vertical CBM wells in which it owned a 99.0% average working interest in the Pond Creek and Lasher fields located in southern West Virginia and southwestern Virginia. It was also the operator of 44 producing pinnate horizontal CBM wells in which it owned a 71.6% average working interest in central and northern West Virginia. It also had a 33.7% average working interest in 67 non-operated pinnate horizontal wells in central West Virginia.
November 9, 2000
Tony OviedoChief Financial Officer, Senior Vice President, Chief Accounting Officer
Michael McGovernChairman of the Board, President, Chief Executive Officer
Stanley GravesIndependent Director
909 Fannin St Ste 3208 Houston, TX United States Phone: +1 713 659-3855 Fax: +1 302 636-5454 www.geometinc.com
Net income declined by 46.94%, year over year, to a loss of (U.S.)$0.09 per share during the most recently completed quarter.