13 Feb 2017listing compliance notice▼ BadMajor
ARKANOVA ENERGY CORP. deregistered its securities, ending its obligation to file reports with the SEC.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
30 Dec 2016late filing notice▼ Bad
ARKANOVA ENERGY CORP. notified the SEC that its annual report would be filed late.
15 Aug 2016quarterly activities report▼ Bad
ARKANOVA ENERGY CORP. reported a quarterly net loss of $604 thousand for the period ended 2016-06-30.
16 May 2016quarterly activities report▼ Bad
ARKANOVA ENERGY CORP. reported a quarterly net loss of $557 thousand for the period ended 2016-03-31.
12 Feb 2016quarterly activities report▼ Bad
ARKANOVA ENERGY CORP. reported a quarterly net loss of $640 thousand for the period ended 2015-12-31.
29 Dec 2015late filing notice▼ Bad
ARKANOVA ENERGY CORP. notified the SEC that its annual report would be filed late.
14 Aug 2015quarterly activities report▼ Bad
ARKANOVA ENERGY CORP. reported a quarterly net loss of $960 thousand for the period ended 2015-06-30.
14 May 2015quarterly activities report▼ Bad
ARKANOVA ENERGY CORP. reported a quarterly net loss of $1.1 million for the period ended 2015-03-31.
17 Feb 2015quarterly activities report▼ Bad
ARKANOVA ENERGY CORP. reported a quarterly net loss of $729 thousand for the period ended 2014-12-31.
6 Nov 2014debt financing▼ BadMajor
Effective November 1, 2014, the Aton note maturity was extended from December 31, 2015 to December 31, 2016. Aton lent another $2,475,000 and $677,836.40 of accrued interest was added to principal, bringing the note to $14,963,861.40. The note no longer allows interest to be paid in shares, so interest will no longer be settled with new stock under that note. This continues the repeated Aton extensions and the growing debt secured against the Montana interest.
9 Sept 2014substantial holder notice● Neutral
Pierre Mulacek disclosed a new substantial ARKANOVA ENERGY CORP. shareholding (13.17% of votes).
8 Sept 2014director interest notice● Neutral
ARKANOVA ENERGY CORP. President, CEO, Secretary Pierre Georges Mulacek bought 2,000,000 shares on the open market.
4 Sept 2014director interest notice● Neutral
ARKANOVA ENERGY CORP. President, CEO, Secretary Pierre Georges Mulacek bought 1,000,000 shares on the open market at $0.05.
14 Aug 2014quarterly activities report▼ Bad
ARKANOVA ENERGY CORP. reported a quarterly net loss of $1000 thousand for the period ended 2014-06-30.
14 May 2014quarterly activities report▼ Bad
ARKANOVA ENERGY CORP. reported a quarterly net loss of $791 thousand for the period ended 2014-03-31.
10 Apr 2014material agreement▲ GoodMajor
The EPA issued an injection well permit for the MAX 1 well #2817 on the Montana unit, allowing the company to restart waterflood operations there to try to raise oil output. A $3 million budget is set, with equipment planned to be in place by August 2014 and higher production expected three to six months after injection starts; the filing says financing is in place but does not name its source. It states Provident holds a 55% working interest in the roughly 9,900-acre unit, which continues the Montana drilling and reactivation plan in earlier filings.
3 Mar 2014director interest notice● Neutral
ARKANOVA ENERGY CORP. President, CEO, Secretary Pierre Georges Mulacek received a stock option grant for 300,000 shares.
3 Mar 2014director interest notice● Neutral
ARKANOVA ENERGY CORP. Chief Financial Officer Reginald Denny received a stock option grant for 300,000 shares.
3 Mar 2014director interest notice● Neutral
ARKANOVA ENERGY CORP. director Erich Hofer received a stock option grant for 300,000 shares.
14 Feb 2014quarterly activities report▼ Bad
ARKANOVA ENERGY CORP. reported a quarterly net loss of $648 thousand for the period ended 2013-12-31.
22 Nov 2013capital raising announcement● NeutralMajor
Effective November 15, 2013, Aton agreed to lend a further $1,705,000, bringing the note (the amended and restated one dated February 6, 2013) to $11,811,025. Aton also converted $466,815.29 of accrued interest into 4,668,152 new shares at a deemed $0.10 each, and the maturity moved from March 31, 2014 to December 31, 2015. This continues the pattern of Aton extending the debt, and the share issue dilutes other holders.
20 Nov 2013director interest notice● Neutral
ARKANOVA ENERGY CORP. director Erich Hofer disposed of 300,000 shares via option/appreciation-right settlement.
20 Nov 2013director interest notice● Neutral
ARKANOVA ENERGY CORP. Chief Financial Officer Reginald Denny disposed of 350,000 shares via option/appreciation-right settlement.
20 Nov 2013director interest notice● Neutral
ARKANOVA ENERGY CORP. President, CEO, Secretary Pierre Georges Mulacek disposed of 600,000 shares via option/appreciation-right settlement.
14 Aug 2013quarterly activities report▼ Bad
ARKANOVA ENERGY CORP. reported a quarterly net loss of $455 thousand for the period ended 2013-06-30.
14 May 2013quarterly activities report▼ Bad
ARKANOVA ENERGY CORP. reported a quarterly net loss of $408 thousand for the period ended 2013-03-31.
14 Feb 2013quarterly activities report▼ Bad
ARKANOVA ENERGY CORP. reported a quarterly net loss of $484 thousand for the period ended 2012-12-31.
31 Dec 2012capital raising announcement● Neutral
On December 26, 2012 the company sold another 1,000,000 shares at $0.10 each, raising $100,000, again to one U.S. person who is a director and officer. This follows the 2,000,000-share sale at the same price on December 14 (the filing does not say it is the same buyer). The use of proceeds is not stated, and the shares dilute existing holders.
What it means for a shareholder
1.0m new shares at US$0.100 to raise about US$100,000. That's 2.1% dilution: every existing holder's slice gets 2.1% smaller. If you held US$1,000 of shares (10,000 at the issue price), your slice goes from 0.0215% to 0.021% of the company. To keep it you'd need 215 more shares - about US$22 at the issue price.
Create a free account to see this worked out for your own holding.
28 Dec 2012director interest notice● Neutral
ARKANOVA ENERGY CORP. director Erich Hofer sold 1,000,000 shares at $0.10.
28 Dec 2012director interest notice● Neutral
ARKANOVA ENERGY CORP. President, CEO, Secretary Pierre Georges Mulacek bought 1,000,000 shares on the open market at $0.10.