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ARABELLA EXPLORATION, INC.

US:AXPLF
No current share price held for this company.

Past year: ▼ 100%(0.10c – 50.0c USD)

Market cap
—
Shares on issue
—
Story beats
6 since 2013
Last event
15 July 2016

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

27 Jan 2017substantial holder notice● Neutral

Legion Partners, L.P. I, Legion Partners, L.P. II, Legion Partners Asset Management, LLC, Legion Partners, LLC, Legion Partners Holdings, LLC, Christopher S. Kiper, Bradley S. Vizi, Raymond White reported no remaining ARABELLA EXPLORATION, INC. shareholding in its periodic institutional filing.

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11 Aug 2016late filing notice▼ Bad

ARABELLA EXPLORATION, INC. notified the SEC that its quarterly report would be filed late.

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15 July 2016bankruptcy or receivership▼ BadMajor

After the July 7, 2016 hearing, the Cayman court issued a Winding Up Order, and Kennedy and Wright are named Joint Official Liquidators (a notice ran in the Financial Times on July 13, 2016). This moves the June provisional appointment into a formal winding up. The filing gives no information on what shareholders will receive, so their position is unresolved.

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22 June 2016bankruptcy or receivership▼ BadMajor

On June 16, 2016, the Grand Court of the Cayman Islands appointed Christopher Kennedy and Matthew Wright as joint provisional liquidators of Arabella, giving them all the powers of the board. The four directors (Berke Bakay, Jason Hoisager, Richard Hauser, William Heyn) resigned on June 17, and Hoisager also resigned as CEO, CFO and President. A hearing on the petition was set for July 7, 2016. This follows the failed 2015 asset sale, though the filing does not state the reason for the petition.

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23 May 2016director interest notice● Neutral

ARABELLA EXPLORATION, INC. director Richard J Hauser bought 30,000 shares on the open market at $8.25.

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23 May 2016director interest notice● Neutral

ARABELLA EXPLORATION, INC. 10%+ owner Hauser Holdings LLC bought 30,000 shares on the open market at $8.25.

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20 May 2016quarterly activities report▼ Bad

ARABELLA EXPLORATION, INC. reported a quarterly net loss of $1.5 million for the period ended 2016-03-31.

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16 May 2016late filing notice▼ Bad

ARABELLA EXPLORATION, INC. notified the SEC that its quarterly report would be filed late.

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21 Apr 2016director interest notice● Neutral

ARABELLA EXPLORATION, INC. 10%+ owner Hauser Holdings LLC bought 61,000 shares on the open market at $8.31.

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21 Apr 2016director interest notice● Neutral

ARABELLA EXPLORATION, INC. director Richard J Hauser received a stock option grant for 20,000 shares.

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21 Apr 2016director interest notice● Neutral

ARABELLA EXPLORATION, INC. director Richard J Hauser bought 61,000 shares on the open market at $8.31.

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21 Apr 2016director interest notice● Neutral

ARABELLA EXPLORATION, INC. director Berke Bakay received a stock option grant for 20,000 shares.

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21 Apr 2016director interest notice● Neutral

ARABELLA EXPLORATION, INC. director William B. Heyn received a stock option grant for 20,000 shares.

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31 Mar 2016late filing notice▼ Bad

ARABELLA EXPLORATION, INC. notified the SEC that its annual report would be filed late.

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12 Feb 2016substantial holder notice● Neutral

Hauser Holdings LLC, Mary Jane Hauser reported a ARABELLA EXPLORATION, INC. shareholding of 3,338,428 shares (41.70% of votes) in a periodic institutional filing.

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12 Feb 2016substantial holder notice● Neutral

BBS Capital Fund, LP, BBS Capital Management, LP, BBS Capital GP, LP, BBS Capital, LLC, Berke Bakay reported a ARABELLA EXPLORATION, INC. shareholding of 3,347,355 shares (41.80% of votes) in a periodic institutional filing.

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23 Nov 2015quarterly activities report▼ Bad

ARABELLA EXPLORATION, INC. reported a quarterly net loss of $2.2 million for the period ended 2015-09-30.

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16 Nov 2015late filing notice▼ Bad

ARABELLA EXPLORATION, INC. notified the SEC that its quarterly report would be filed late.

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8 Sept 2015material agreement termination▼ BadMajor

The buyer terminated the July 2015 purchase agreement on September 1, 2015, citing closing information items and third-party approvals, which Arabella called unexpected. The McCabe letter agreement stays in place but depends on a similar transaction closing at the same time, and Arabella says it is searching for a replacement deal or other strategic alternative. This reverses the planned sale, so the cash and note reduction described in July are not happening.

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19 Aug 2015quarterly activities report▼ Bad

ARABELLA EXPLORATION, INC. reported a quarterly net loss of $2.9 million for the period ended 2015-06-30.

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17 Aug 2015late filing notice▼ Bad

ARABELLA EXPLORATION, INC. notified the SEC that its quarterly report would be filed late.

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21 July 2015material agreement▲ GoodMajor

Arabella agreed to sell its Locker State, Graham, Woods, Jackson and Emily Bell prospects to an unnamed buyer and, under a separate letter agreement with McCabe Petroleum, to receive cash and properties worth about $47 million by Arabella's own estimate. This includes $15 million cash, a producing property of about 88 BOE/day, a 20,000-acre Midland Basin participation agreement, and an option on royalty interests. It would also get back 1,003,597 of its shares for cancellation, and senior secured notes would fall from $16 million to $6 million. Closing was expected around July 31, 2015, subject to conditions including the buyer's board approval and financing.

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20 May 2015quarterly activities report▼ Bad

ARABELLA EXPLORATION, INC. reported a quarterly net loss of $3.2 million for the period ended 2015-03-31.

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18 May 2015late filing notice▼ Bad

ARABELLA EXPLORATION, INC. notified the SEC that its quarterly report would be filed late.

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14 May 2015director interest notice● Neutral

William B. Heyn became a ARABELLA EXPLORATION, INC. director and company insider (initial ownership filing).

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14 May 2015director interest notice● Neutral

ARABELLA EXPLORATION, INC. director William B. Heyn received a stock option grant for 20,000 shares.

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14 May 2015director interest notice● Neutral

Richard J Hauser became a ARABELLA EXPLORATION, INC. director and company insider (initial ownership filing).

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14 May 2015director interest notice● Neutral

Bbs Capital Fund LP became a ARABELLA EXPLORATION, INC. 10%+ owner and company insider (initial ownership filing).

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14 May 2015director interest notice● Neutral

ARABELLA EXPLORATION, INC. director Richard J Hauser received a stock option grant for 20,000 shares.

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14 May 2015director interest notice● Neutral

Jason Hoisager became a ARABELLA EXPLORATION, INC. President and CEO and company insider (initial ownership filing).

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