4 Jan 2011director interest notice● Neutral
Approach Resources Inc director Christopher J. Whyte received 2,103 shares as part of the equity award.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
4 Jan 2011director interest notice● Neutral
Approach Resources Inc director James H Brandi received 2,471 shares as part of the equity award.
12 Nov 2010material agreement● NeutralMajor
Approach agreed on November 10, 2010 to sell 5,750,000 new common shares to underwriters led by J.P. Morgan Securities, with a 30-day option for up to 862,500 more; closing is expected November 17, 2010. Issuing new shares increases the share count, so existing holders' ownership is diluted. The filing does not state the price or what the proceeds will be used for.
12 Nov 2010securities registration● Neutral
Approach Resources Inc filed a prospectus supplement for an offering off its existing shelf.
8 Nov 2010securities registration● Neutral
Approach Resources Inc filed a prospectus supplement for an offering off its existing shelf.
3 Nov 2010quarterly activities report● Neutral
Approach Resources Inc reported a quarterly net income of $2.1 million for the period ended 2010-09-30.
2 Nov 2010asset acquisition disposition▲ GoodMajor
Approach's subsidiary bought an additional 10% working interest in the Cinco Terry field from Magnum Hunter Resources for $21.5 million (subject to adjustments, effective October 1, 2010), completed October 29, 2010. It was funded by borrowing under the $150 million credit facility. This increases the company's stake in Cinco Terry, where it already held acreage.
2 Nov 2010quarterly activities report● Neutral
Approach Resources Inc reported a quarterly net income of $2.1 million for the period ended 2010-09-30.
26 Oct 2010debt financing▲ Good
A ninth amendment, effective October 21, 2010, raises the borrowing base and lenders' commitment from $115 million to $150 million. KeyBank and BNP Paribas become Documentation Agent and Syndication Agent and each take a 3.33% interest from Frost. This adds borrowing room under the existing facility.
5 Oct 2010director interest notice● Neutral
Approach Resources Inc director James C Crain received 791 shares as part of the equity award.
5 Oct 2010director interest notice● Neutral
Approach Resources Inc director Alan D Bell received 791 shares as part of the equity award.
5 Oct 2010director interest notice● Neutral
Approach Resources Inc director Sheldon B Lubar received 791 shares as part of the equity award.
5 Oct 2010director interest notice● Neutral
Approach Resources Inc director Whyte Christopher J. received 791 shares as part of the equity award.
5 Oct 2010director interest notice● Neutral
Approach Resources Inc director Brandi James H received 791 shares as part of the equity award.
6 Aug 2010director interest notice● Neutral
Approach Resources Inc EVP & CFO Smart Steven P. received 80,000 shares as part of the equity award.
6 Aug 2010director interest notice● Neutral
Approach Resources Inc Vice President - Exploration Yang Qingming received 60,000 shares as part of the equity award.
6 Aug 2010director interest notice● Neutral
Approach Resources Inc director Alan D Bell received 3,112 shares as part of the equity award.
6 Aug 2010director interest notice● Neutral
Approach Resources Inc EVP - Land Manoushagian Ralph P. received 60,000 shares as part of the equity award.
6 Aug 2010director interest notice● Neutral
Approach Resources Inc EVP & General Counsel J Curtis Henderson received 80,000 shares as part of the equity award.
6 Aug 2010director interest notice● Neutral
Approach Resources Inc President & CEO Craft J. Ross received 120,000 shares as part of the equity award.
5 Aug 2010director interest notice● Neutral
Alan D Bell became a Approach Resources Inc director and company insider (initial ownership filing).
4 Aug 2010quarterly activities report● Neutral
Approach Resources Inc reported a quarterly net income of $2.1 million for the period ended 2010-09-30.
3 Aug 2010quarterly activities report● Neutral
Approach Resources Inc reported a quarterly net income of $2.1 million for the period ended 2010-09-30.
2 July 2010director interest notice● Neutral
Approach Resources Inc director Whyte Christopher J. received 1,298 shares as part of the equity award.
2 July 2010director interest notice● Neutral
Approach Resources Inc director Brandi James H received 1,298 shares as part of the equity award.
2 July 2010director interest notice● Neutral
Approach Resources Inc director Sheldon B Lubar received 1,298 shares as part of the equity award.
2 July 2010director interest notice● Neutral
Approach Resources Inc director James C Crain received 1,298 shares as part of the equity award.
7 June 2010director interest notice● Neutral
Approach Resources Inc President & CEO Craft J. Ross had 5,050 shares withheld for taxes on vesting stock.
19 May 2010director interest notice● Neutral
Approach Resources Inc director Bryan H Lawrence disposed of 940,979 shares via option/appreciation-right settlement.
19 May 2010director interest notice● Neutral
Approach Resources Inc 10%+ owner Yorktown V CO LLC disposed of 940,979 shares via option/appreciation-right settlement.