19 May 2010director interest notice● Neutral
Approach Resources Inc 10%+ owner Yorktown Energy Partners V LP disposed of 940,979 shares via option/appreciation-right settlement.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
12 May 2010director interest notice● Neutral
Approach Resources Inc 10%+ owner Yorktown V CO LLC disposed of 940,979 shares via option/appreciation-right settlement.
12 May 2010director interest notice● Neutral
Approach Resources Inc director Bryan H Lawrence disposed of 940,979 shares via option/appreciation-right settlement.
12 May 2010director interest notice● Neutral
Approach Resources Inc 10%+ owner Yorktown Energy Partners V LP disposed of 940,979 shares via option/appreciation-right settlement.
7 May 2010director interest notice● Neutral
Approach Resources Inc Vice President - Exploration Yang Qingming received 35,000 shares as part of the equity award.
6 May 2010debt financing● Neutral
An eighth amendment to the credit agreement, effective May 3, 2010, pushes the maturity out one year to July 31, 2012 and raises the hedging limit from 75% to 85% of projected production from proved developed producing properties. The $115 million borrowing base and commitment are reaffirmed, Fortis Capital's interest moves to BNP Paribas, and a $287,500 extension fee was paid. This continues the string of amendments to the January 2008 facility.
6 May 2010quarterly activities report● Neutral
Approach Resources Inc reported a quarterly net income of $1.6 million for the period ended 2010-06-30.
4 May 2010quarterly activities report● Neutral
Approach Resources Inc reported a quarterly net income of $1.6 million for the period ended 2010-06-30.
20 Apr 2010director interest notice● Neutral
Approach Resources Inc director Sheldon B Lubar received 928 shares as part of the equity award.
20 Apr 2010director interest notice● Neutral
Approach Resources Inc director Whyte Christopher J. received 928 shares as part of the equity award.
20 Apr 2010director interest notice● Neutral
Approach Resources Inc director James C Crain received 928 shares as part of the equity award.
20 Apr 2010director interest notice● Neutral
Approach Resources Inc director Brandi James H received 928 shares as part of the equity award.
15 Mar 2010director interest notice● Neutral
Approach Resources Inc 10%+ owner Yorktown Energy Partners V LP disposed of 940,979 shares via option/appreciation-right settlement.
15 Mar 2010director interest notice● Neutral
Approach Resources Inc 10%+ owner Yorktown V CO LLC disposed of 940,979 shares via option/appreciation-right settlement.
15 Mar 2010director interest notice● Neutral
Approach Resources Inc director Bryan H Lawrence disposed of 940,979 shares via option/appreciation-right settlement.
12 Feb 2010substantial holder notice● Neutral
NWQ Investment Management Company, LLC reported a Approach Resources Inc shareholding of 1,127,484 shares (5.44% of votes) in a periodic institutional filing.
12 Feb 2010substantial holder notice● Neutral
NWQ Investment Management Company, LLC reported a Approach Resources Inc shareholding of 823,896 shares (3.97% of votes) in a periodic institutional filing.
4 Feb 2010material agreement● Neutral
A seventh amendment, effective February 1, 2010, replaces The Frost National Bank with JPMorgan Chase Bank as administrative agent of the credit agreement. Frost remains a lender; no change to amounts or pricing is stated.
15 Jan 2010securities registration● Neutral
Approach Resources Inc registered a securities offering with the SEC using its shelf eligibility.
6 Jan 2010director interest notice● Neutral
Approach Resources Inc director James C Crain received 7,436 shares as part of the equity award.
6 Jan 2010director interest notice● Neutral
Approach Resources Inc director Whyte Christopher J. received 7,436 shares as part of the equity award.
6 Jan 2010director interest notice● Neutral
Approach Resources Inc director Sheldon B Lubar received 8,068 shares as part of the equity award.
6 Jan 2010director interest notice● Neutral
Approach Resources Inc director Brandi James H received 7,436 shares as part of the equity award.
16 Nov 2009director interest notice● Neutral
Approach Resources Inc EVP & General Counsel J Curtis Henderson had 5,621 shares withheld for taxes on vesting stock.
3 Nov 2009debt financing▲ Good
A sixth amendment raises the credit facility's commitment from $100 million to $115 million, with other terms unchanged. Approach paid a $150,000 fee (1.00% of the increase).
20 Oct 2009material agreement▲ Good
Subsidiary Approach Oil & Gas amended its February 2007 lease on the El Vado East prospect in Rio Arriba County, New Mexico, effective January 1, 2009. The change extends lease deadlines during force majeure delays (such as permit failures or government orders) and allows the lease to continue past its primary term if at least two wells are drilled each lease year.
14 July 2009material agreement▲ Good
A fifth amendment extends the credit agreement's maturity by one year to July 31, 2011, in return for a $250,000 extension fee (0.25% of the $100 million commitment). This pushes back the date the facility must be repaid or refinanced.
5 June 2009director interest notice● Neutral
Approach Resources Inc President & CEO Craft J. Ross received 57,273 shares as part of the equity award.
5 June 2009director interest notice● Neutral
Approach Resources Inc EVP & General Counsel J Curtis Henderson received 32,727 shares as part of the equity award.
5 June 2009director interest notice● Neutral
Approach Resources Inc EVP & CFO Smart Steven P. received 32,727 shares as part of the equity award.