VOL. XL No. 1621-April-1997
Intoil Group Reports Net Profit Of $4MnIn 1996
The Bahrain-based offshore private shareholding corporation Intoil E.C. hasreported a net profit, after provision of $0.7mn, of $4mn for the year 1996, a21% increase over the $3.3mn profit registered in 1995 (MEES, 9 September1996). Intoil's US subsidiary Intoil Inc. - which holds and operates thecompany's properties in the US - increased its oil and gas production for theyear by 13% over output in the previous...