OGJ Top 10 Independents-Nos. 1, 4: Mission Resources targeting $1 billion market cap by 2005

Newly formed Mission Resources Corp.-the product of a merger earlier this year of Houston companies Bargo Energy Co. and Bellwether Exploration Co.-hopes to maintain the same steady growth in earnings per share achieved earlier by its constituent firms.This continued growth will be realized through a strategy that will involve reaching well over $1 billion in market capitalization in the next 3 years, according to Mission Resources Chairman and CEO Douglas Manner.Other ambitions over that same time, Manner noted, include boosting return on equity by 10-15%/year, increasing cash flow by 15-20%/year, and increasing production by 20-25%/year. The Houston-based independent also expects to low...

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