Past year: ▲ 0%(0.01c – 0.01c USD)
Each one in plain English, with the numbers worked through for a shareholder.
16 Aug 2010capital raising announcement● Neutral
On August 12, 2010 Alamo issued Eurasian a further $25,000 note (8%, due November 18, 2012, convertible at $0.50) with 25,000 warrants at $1.00 for five years. It is another small draw on the Eurasian financing (inference, as the filing does not name the facility). It could add to dilution if converted.
5 Aug 2010material agreement● NeutralMajor
On August 4, 2010 Alamo agreed with Allied Energy to take a 50% working interest in the M. Dillon Lease and the Dillon #1 re-entry well in Pleasants County, West Virginia, paying $179,125 in drilling and completion costs. Its interests are 70% (59.08 net revenue interest) before payout and 50% (42.2%) after. It also gets an option to join re-entries of sixteen more Allied wells in West Virginia. This extends the West Virginia program begun in May; the Dillon #1 well was later swapped out (see October 2010).
29 July 2010late filing notice▼ Bad
Alamo Energy Corp. notified the SEC that its annual report would be filed late.
26 July 2010capital raising announcement● Neutral
On July 22, 2010 Alamo issued Eurasian Capital Partners a $175,000 note (8%, due November 18, 2012, convertible at $0.50 per share) with 175,000 warrants at $1.00 for five years. The filing does not name the November 2009 facility, but the terms match it (inference). Conversion or warrant exercise could dilute existing shareholders.
21 May 2010auditor change● NeutralMajor
On May 18, 2010 Alamo bought a 50% working interest in the Florence Valentine Lease in Ritchie County, West Virginia from Allied Energy (operator), paying $153,500 in drilling and completion costs for the Valentine #1 re-entry well. Until Allied is paid back ("payout") Alamo holds 70% of the well (59.08 net revenue interest); after payout it drops to 50% (42.2%). This is the company's first West Virginia asset. The same filing shows Alamo dismissed Kelly & Company (in place only since March 17, 2010, no reports issued, no disagreements) and hired Q Accountancy Corporation, the fifth auditor engaged since November 2009 (counting Mendoza Berger and Quintanilla), continuing the auditor-churn thread.
21 Apr 2010asset acquisition disposition● NeutralMajor
On April 15, 2010, Alamo issued another $250,000 Eurasian note (8%, due November 18, 2012, convertible at $0.50) with 250,000 warrants at $1.00. On April 16 it agreed with WEJCO, Inc. to take participation rights in the Duffer Re-entry Prospect, Hubbard H-1 well in Brown County, Texas, paying $18,050 (20% of $90,250 in geologic, land and seismic costs) plus a share of drilling and completion costs; WEJCO will operate. Eurasian notes announced since February now total $730,000 against the $2,000,000 commitment, counting the $334,905 first instalment.
30 Mar 2010capital raising announcement● Neutral
On March 25, 2010, Alamo issued a further $100,000 Eurasian note (8%, due November 18, 2012, convertible at $0.50) with 100,000 warrants at $1.00. Separately, it dismissed Quintanilla on March 17, 2010 and hired Kelly & Company as auditor, with no disagreements reported and no audit reports issued by Quintanilla. This is the company's third auditor in about two months.
17 Mar 2010late filing notice▼ Bad
Alamo Energy Corp. notified the SEC that its quarterly report would be filed late.
10 Mar 2010asset acquisition disposition● NeutralMajor
On March 4, 2010, Alamo bought eight units for $303,986 ($37,996 each) in Boardman Energy Partners' Taylor TDS Five Well Program in Adair County, Kentucky; each unit carries a 2.0% working interest and 1.5% net revenue interest, and Boardman operates. It funded activity with another $300,000 Eurasian note (8%, due November 18, 2012, convertible at $0.50) with 300,000 warrants at $1.00. This is the company's first US well interest in these filings.
9 Feb 2010capital raising announcement● Neutral
On February 5, 2010, Alamo borrowed $80,000 from Eurasian Capital Partners through an 8% senior secured convertible note due November 18, 2012, convertible at $0.50 per share, with warrants for 80,000 shares at $1.00 for five years. This appears to be a draw under the up-to-$2,000,000 financing arranged in November 2009 (an inference, as the filing does not name that facility). Conversion or warrant exercise could dilute existing shareholders.
3 Feb 2010auditor change● Neutral
On January 29, 2010, Alamo dismissed Mendoza Berger & Company and engaged Quintanilla Accountancy Corporation as its auditor. The filing says there were no disagreements, and notes the company had earlier dismissed Malone and Bailey effective November 18, 2009. This is another auditor change since the 2008 one.
14 Jan 2010asset acquisition disposition▲ GoodMajor
On January 11, 2010, Alamo signed a letter agreement with Aimwell Energy Limited to take a 90% interest in Aimwell's licence over onshore oil and gas blocks in southern England for one pound sterling, and to become operator, subject to regulatory approvals. Alamo would pay Aimwell's 10% share of operating costs until a field development plan is approved. This is the company's first UK asset in the filings so far, and it is not yet completed.
21 Dec 2009director interest notice● Neutral
Alamo Oil LTD became a Alamo Energy Corp. 10%+ owner and company insider (initial ownership filing).
21 Dec 2009substantial holder notice● Neutral
Michael Stott, Alamo Oil Limited disclosed a new substantial Alamo Energy Corp. shareholding (21.57% of votes).
30 Nov 2009substantial holder notice● Neutral
Philip Mann disclosed a new substantial Alamo Energy Corp. shareholding (6.16% of votes).
30 Nov 2009substantial holder notice● Neutral
Allan Millmaker disclosed a new substantial Alamo Energy Corp. shareholding (14.38% of votes).
24 Nov 2009business combination● NeutralMajor
On November 18, 2009, the former golf-business shell Green Irons completed an asset purchase from Alamo Oil Limited, changed management, entered oil and gas, and took the name Alamo Energy Corp. Alamo Oil received 350,000 shares (about 22% of the 1,622,284 shares then issued). The company also agreed a note and warrant deal with one investor to lend up to $2,000,000 in instalments ($334,905 delivered at closing, convertible at $0.50 per share, with $1.00 warrants), planned a 30-for-1 stock split, and bought back and cancelled 4,616,666 shares from Mr. McDougall for $61,073. The filing describes the company as early stage and says it was negotiating acquisitions with no agreements yet in place.
20 Nov 2009director interest notice● Neutral
Alamo Energy Corp. CFO, Secretary Philip K. Mann bought 100,000 shares on the open market at $0.00.
20 Nov 2009director interest notice● Neutral
Alamo Energy Corp. insider Sandy Mcdougall sold 5,000,000 shares at $0.01.
19 Nov 2009director interest notice● Neutral
Allan Blair Millmaker became a Alamo Energy Corp. CEO, President and company insider (initial ownership filing).
18 Nov 2009director interest notice● Neutral
Philip K. Mann became a Alamo Energy Corp. CFO, Secretary and company insider (initial ownership filing).
15 Sept 2009late filing notice▼ Bad
Alamo Energy Corp. notified the SEC that its quarterly report would be filed late.
16 Dec 2008late filing notice▼ Bad
Alamo Energy Corp. notified the SEC that its quarterly report would be filed late.
30 July 2008late filing notice▼ Bad
Alamo Energy Corp. notified the SEC that its annual report would be filed late.
12 Feb 2008auditor change● Neutral
The company, then named Green Irons Holdings Corp., dismissed its auditor HJ & Associates and hired Malone and Bailey PC on February 8, 2008. The filing says the prior auditor's reports for fiscal 2006 and 2007 carried a going-concern uncertainty qualification, and reports no disagreements with the old auditor.
12 Sept 2007late filing notice▼ Bad
Alamo Energy Corp. notified the SEC that its quarterly report would be filed late.
5 Sept 2007director interest notice● Neutral
Sandy Mcdougall became a Alamo Energy Corp. Secretary, Treasurer and company insider (initial ownership filing).
19 June 2007securities registration● Neutral
Alamo Energy Corp. amended an already-effective registration statement.
16 Mar 2007late filing notice▼ Bad
Alamo Energy Corp. notified the SEC that its quarterly report would be filed late.
16 Nov 2006securities registration● Neutral
Alamo Energy Corp. amended a filing by which it registered a small-business securities offering with the SEC.
