Westport Resources looking for acquisitions in its three core areas

Westport Resources Corp., Denver, engages in oil and natural gas exploitation, acquisition and exploration in the Gulf of Mexico, Rocky Mountains, West Texas, Gulf Coast, and US Midcontinent.Its portfolio is balanced with lower-risk onshore reserves and higher-margin offshore reserves. Westport maintains offices in Dallas and Houston.Having gone public in October 2000, Westport allocates about 70% of its capital budget to exploitation activities and 30% to exploration projects. The company budgeted $170 million for the 2002 capital program, with half of the money allocated to the Gulf of Mexico division."Last year was a significant year for Westport. In our first full year as a public com...

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