IRCE Interline Resources Corp. featured news, full reports, and detailed charts
Interline Resources Corp. (IRCE/IRCE.PK) Wrap Up:
Interline Resources Corporation does not have significant operations. The company previously, along with its subsidiaries, engaged in natural gas gathering and processing, crude oil gathering, fractionation, marketing of natural gas liquids, and oil and gas production. The gas is processed and fractionated into its constituent natural gas liquid products and remaining residue gas. Residue gas is sold into a major interstate pipeline and the natural gas liquid products are sold to both end users and other major refineries for further refinement. The company has technology, which refines various types of used oils. The company is based in Alpine, Utah.www.interlineresources.com
19 Employees
Interline Resources Corp. (IRCE:OTC)
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Market Cap
432.7K
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Total Revenue
113.7K
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EBITDA
2.3M
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DILUTED EPS TTM
-0.31
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P/E
--
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P/S
3.8x
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Return On Asset
--
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Return On Equity
--
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| K = Thousands M = Millions B = Billions | ||
IRCE Top Compensated Officers
Mr. Michael R. Williams
Chairman, Chief Executive Officer, President,...
Age: 57
Total Annual Compensation: $114.4K
Executives, Board Directors
Compensation as of Fiscal Year 2007.
Key developments for Interline Resources Corp. (IRCE)
Interline Resources Files Form 15
10/15/2009
Interline Resources Corp. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. The par value of the company's common stock was $0.001 per share.
Interline Resources Corp. and Tauber Oil Company Announces Northcut Supply/Product Services Contract
01/7/2009
Interline Resources Corp. announced that it has teamed with Tauber Oil Company of Houston, Texas and executed a long-term contract for crude oil supply and marketing services. Interline Resources contract that allows NorthCut Refinery to begin operations on a solid foundation with the assistance of a company having the strong reputation and resources that Tauber has. This agreement which has been in the planning and negotiation stages for two months is as important to NorthCut as the completion of the refinery itself.
Interline Resources Corp. Completes Production Testing at NorthCut Refinery
12/4/2008
Interline Resources Corp. announced that production testing at the NorthCut Refinery has been completed. The company have been undergoing production testing of the refinery at approximately two-thirds of the rated capacity. This has allowed the engineering and refinery operations staff to evaluate the efficiency of the equipment and each process in the refinery. The facility has produced diesel and gasoline (naphtha) that meets required specifications and now has product in on-site storage ready for sale. This production testing has been valuable in identifying the need for minor modifications and equipment adjustments that will be made concurrently with production over the next few weeks to allow the refinery to meet or exceed rated capacity. The refinery is located 20 miles north of Douglas, Wyoming in the Powder River Basin and has been designed to make use of 5,000 barrels per day of local crude oil supplies and to provide products needed in local markets.
IRCE Competitors
| Company | Last | Change |
| American Oil & Gas Inc | $2.91 USD | +0.08 |
| Credo Petroleum Corp | $9.98 USD | +0.18 |
| Double Eagle Petroleum Co | $4.54 USD | +0.14 |
| Gasco Energy Inc | $0.45 USD | -0.0203 |
| Tengasco Inc | $0.47 USD | -0.0087 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | IRCE | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 3.8x |
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| Price/Book | NM | Not Meaningful |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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IRCE |
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IRCE transactions
| Type Date |
Target | |
| No transactions in the last 6 months. | ||
More Recent News About Interline Resources Corp.
More news for IRCE
INTERLINE RESOURCES CORP Files SEC form 8-K, Other Events
Show all filings for INTERLINE RESOURCES CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for INTERLINE RESOURCES CORP 30-Apr-2009Other Events Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for...Click here to read the whole Article (external link)
INTERLINE RESOURCES CORP Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
INTERLINE RESOURCES CORP Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Overview Since a fire at the Company's Well Draw Gas Plant in June 2002, the Company has essentially been insolvent, with minimal operations and revenues. NorthCut Refining, LLC ("NorthCut") was formed as a Wyoming limited liability company in July 2007 to rebuild the Well Draw Gas Plant into a 5,000 barrel a day crude oil topping plant. In accordance with the original Operating Agreement entered into on September 13, 2007, the Company contributed the existing Well Draw facility, including land, fixtures, equipment and all operating permits (the "Plant"), receiving a 75% member interest in NorthCut. The parties who arranged the initial $11.5 million of financing for construction of the project received a 25% interest in NorthCut (PCG Midstream, LLC 5% and NorthCut Holdings, LLC 20% "Funding Group"). The Company was designated as the Manager and will oversee and direct all aspects and operations of NorthCut and the Plant. PCG Midstream, LLC acts as a Co-Interim Manager until the construction loan is repaid. The $11.5 million Construction Loan Agreement was entered into by Private Capital Group, Inc., as Lender and NorthCut as Borrower. NorthCut pledged all of its assets as collateral for the loan. The Company executed a Guaranty Agreement and a Security Agreement, guaranteeing repayment of the loan, and pledging all of the assets of the Company. The Promissory Note carries an interest rate of 24% per year. The original maturity date was August 1, 2009. The original Operating Agreement provided that 75% of the Available Cash each month will be paid to reduce the loan amount. The Company receives the remaining 25% of Available Cash, and the funding group receives no distributions until after the loan has been paid back. NorthCut and the Company executed a Management Services Agreement by which the Company will act as m...Click here to read the whole Article (external link)
INTERLINE RESOURCES CORP Files SEC form 8-K, Other Events
Show all filings for INTERLINE RESOURCES CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for INTERLINE RESOURCES CORP 5-Dec-2008Other Events Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended fo...Click here to read the whole Article (external link)
INTERLINE RESOURCES CORP Files SEC form 8-K, Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. Amended Promissory Note Interline Resources Corporation, a Utah corporation (the "Interline") subsidiary Northcut Refining, LLC, a Wyoming limited liability company ("Northcut Refining") has entered into an amended promissory note dated October 27, 2008, in the amount of sixteen million two hundred thousand dollars ($16,200,000) (the "Amended Note") and related documents. Under the terms of the Amended Note, Interline's subsidiary Northcut Refining borrowed an additional three million five hundred thousand dollars ($3,500,000) from Private Capital Group, Inc. ("PCG") increasing its indebtedness to sixteen million two hundred thousand dollars ($16,200,000) to Private Capital Group, Inc. The discussion of the Amended Note and related documents is qualified in its entirety by the more detail documents attached as exhibits to this filing. The Amended Note bears interest at twenty four percent (24%) per annum and is secured by all of Northcut Refining's assets including it oil topping plant and related equipment and the assets of Interline. Under the terms of the Amended Note, it matures on August 1, 2009. Interest payments are required to be made on December 1, 2008 in the amount of two hundred fifty thousand dollars ($250,000) and on or before January 1, 2009, an additional two hundred fifty thousand dollars ($250,000) interest payment is due. On or before February 1, 2009, all unpaid interest, which is estimated to be four million three hundred nineteen thousand six hundred five dollars and forty eight cents ($4,319,605.48) must be paid. Commencing on March 1, 2009 and on the first day of each month thereafter, all other accrued interest one month in arrears must be paid. The entire note and all unpaid interest must be paid by or on August 1, 2009. A late charge of four percent (4%) is applied to any payments not received within five days of its due date. In connection with ...Click here to read the whole Article (external link)
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