29 Dec 2005securities registration● Neutral
AMERICAN NOBLE GAS, INC. registered a securities offering with the SEC using its shelf eligibility.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
29 Dec 2005director interest notice● Neutral
AMERICAN NOBLE GAS, INC. VP and Chief Financial Officer Timothy A Ficker bought 350 shares on the open market at $7.05.
29 Dec 2005director interest notice● Neutral
AMERICAN NOBLE GAS, INC. Chairman of the Board Stanton E Ross sold 10,000 shares.
27 Dec 2005director interest notice● Neutral
AMERICAN NOBLE GAS, INC. VP - Strategic & Corp. Dev. James W Dean bought 750 shares on the open market at $6.64.
23 Dec 2005director interest notice● Neutral
AMERICAN NOBLE GAS, INC. President and CEO James A Tuell bought 2,500 shares on the open market at $6.35.
14 Dec 2005director interest notice● Neutral
AMERICAN NOBLE GAS, INC. President and CEO James A Tuell bought 2,500 shares on the open market.
12 Dec 2005capital raising announcement● NeutralMajor
On December 9, 2005 Infinity sold another $5.5 million of senior secured notes, with five-year warrants for 191,882 shares at $8.03 and 151,988 shares at $9.77, under the January 2005 purchase agreement. Proceeds fund oil and gas exploration and development. This is another tranche after the $9.5 million in September 2005, with a 42-month maturity, 105% redemption in the first year, and a resale registration owed for the warrant shares; the notes may be repaid in shares in some circumstances, which could dilute holders.
28 Nov 2005director interest notice● Neutral
AMERICAN NOBLE GAS, INC. Chairman of the Board Stanton E Ross sold 10,000 shares.
10 Nov 2005substantial holder notice● Neutral
Gilder, Gagnon, Howe & Co. LLC reported a AMERICAN NOBLE GAS, INC. shareholding of 274,782 shares (2.00% of votes) in a periodic institutional filing.
7 Nov 2005financial restatement▼ BadMajor
Infinity reported results for the quarter and nine months ended September 30, 2005, and said it will restate its Q1 and Q2 2005 financials. The January 2005 senior secured notes' discount from a beneficial conversion feature had been expensed immediately but should have been spread over the life of the notes. This cuts the reported Q1 2005 net loss by $8.0 million (to $1.663 million) and the six-month loss by $7.9 million (to $2.464 million), with no change to cash flows; investors are told not to rely on the earlier figures.
27 Oct 2005director interest notice● Neutral
AMERICAN NOBLE GAS, INC. Chairman of the Board Stanton E Ross sold 10,000 shares.
26 Oct 2005director interest notice● Neutral
AMERICAN NOBLE GAS, INC. Chairman of the Board Stanton E Ross sold 10,000 shares.
11 Oct 2005director interest notice● Neutral
AMERICAN NOBLE GAS, INC. President and CEO James A Tuell bought 2,200 shares on the open market.
27 Sept 2005securities registration● Neutral
AMERICAN NOBLE GAS, INC. registered a securities offering with the SEC using its shelf eligibility.
27 Sept 2005director interest notice● Neutral
AMERICAN NOBLE GAS, INC. Chairman of the Board Stanton E Ross sold 10,000 shares.
22 Sept 2005director interest notice● Neutral
AMERICAN NOBLE GAS, INC. President and CEO James A Tuell bought 2,800 shares on the open market.
19 Sept 2005director interest notice● Neutral
AMERICAN NOBLE GAS, INC. director Leroy C Richie sold 10,800 shares.
19 Sept 2005director interest notice● Neutral
AMERICAN NOBLE GAS, INC. director Leroy C Richie sold 19,200 shares.
13 Sept 2005business combination● Neutral
Effective September 9, 2005, Infinity merged into a new Delaware company, Infinity Energy Resources, Inc., to move its incorporation from Colorado to Delaware, as approved by shareholders on June 16, 2005. Each share converted one-for-one, notes and warrants now convert into the new company's shares, and the stock continues to trade on NASDAQ as IFNY.
13 Sept 2005securities registration● Neutral
AMERICAN NOBLE GAS, INC. amended an already-effective registration statement.
8 Sept 2005capital raising announcement● NeutralMajor
On September 7, 2005 Infinity sold a first tranche of $9.5 million of additional senior secured notes with warrants for 283,051 shares at $9.40 and 224,202 shares at $11.44, under the January 2005 purchase agreement, to fund oil and gas exploration and development. It also agreed to call a shareholder meeting to approve issuing shares for warrants, interest and note repayment or conversion on up to $75 million of such notes, which could dilute shareholders if approved.
29 Aug 2005director interest notice● Neutral
AMERICAN NOBLE GAS, INC. Chairman of the Board Stanton E Ross sold 10,000 shares at $7.29.
24 Aug 2005director interest notice● Neutral
AMERICAN NOBLE GAS, INC. VP - Strategic & Corp. Dev. James W Dean bought 500 shares on the open market.
17 Aug 2005director interest notice● Neutral
AMERICAN NOBLE GAS, INC. President and CEO James A Tuell bought 5,000 shares on the open market.
17 Aug 2005director interest notice● Neutral
AMERICAN NOBLE GAS, INC. President and CEO Infinity INC bought 5,000 shares on the open market.
27 July 2005director interest notice● Neutral
AMERICAN NOBLE GAS, INC. Chairman of the Board Stanton E Ross sold 10,000 shares at $7.69.
19 July 2005director interest notice● Neutral
AMERICAN NOBLE GAS, INC. VP and CFO Timothy A Ficker received a stock option grant for 30,000 shares.
19 July 2005director interest notice● Neutral
AMERICAN NOBLE GAS, INC. VP - Strategic & Corp. Dev. James W Dean received a stock option grant for 20,000 shares.
19 July 2005director interest notice● Neutral
AMERICAN NOBLE GAS, INC. Sr. VP - Oilfield Svcs. Stephen D Stanfield received a stock option grant for 25,000 shares.
19 July 2005director interest notice● Neutral
AMERICAN NOBLE GAS, INC. director Robert O Lorenz received a stock option grant for 20,000 shares.