30 Dec 2005securities registration● Neutral
Aurora Oil & Gas CORP amended an already-effective registration statement.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
30 Dec 2005director interest notice● Neutral
Aurora Oil & Gas CORP director Howard M Crosby gifted 60,000 shares.
30 Dec 2005securities registration● Neutral
Aurora Oil & Gas CORP registered a small-business securities offering with the SEC.
28 Dec 2005substantial holder notice● Neutral
Crestview Capital Master, LLC reported a Aurora Oil & Gas CORP shareholding of 8.56% of votes in a periodic institutional filing.
13 Dec 2005debt financing● NeutralMajor
On December 8, 2005 the TCW credit facility, fully drawn at $30 million, was amended to raise the borrowing base to $50 million; $10 million of the extra amount was funded on December 13, 2005. This resolves the earlier open question about TCW availability and adds debt, with the company's press release saying the money is for Michigan Antrim development through the first quarter of 2006.
1 Dec 2005securities registration● Neutral
Aurora Oil & Gas CORP filed the final prospectus for a registered offering.
30 Nov 2005material agreement▲ GoodMajor
Aurora agreed on October 13, 2005 to buy out Wabash Energy Partners' leases in Indiana's New Albany Shale joint venture and its 20% stake in Aurora Operating, L.L.C. On November 15 it agreed to sell a 48.75% working interest in those leases to New Albany-Indiana, LLC (owned by College Oak Investments and Rex Energy Operating), which also gets an 18-month option on a 50% interest in other Indiana acreage. Net effect per the filing: New Albany replaces Wabash as partner, Aurora's working interest rises from 17.5% to 48.75% and it becomes operator. Both closings are scheduled by February 1, 2006 and are subject to conditions.
28 Nov 2005substantial holder notice● Neutral
Crestview Capital Master, LLC reported a Aurora Oil & Gas CORP shareholding of 6.80% of votes in a periodic institutional filing.
21 Nov 2005director interest notice● Neutral
Aurora Oil & Gas CORP director Jeffrey M Christian received 43,500 shares and a 87,500-share option grant as part of the equity award.
18 Nov 2005substantial holder notice● Neutral
Crestview Capital Master, LLC disclosed a new substantial Aurora Oil & Gas CORP shareholding (8.90% of votes).
17 Nov 2005director interest notice● Neutral
Aurora Oil & Gas CORP director Kevin Dale Stulp received 20,000 shares as part of the equity award.
15 Nov 2005securities registration● Neutral
Aurora Oil & Gas CORP registered a small-business securities offering with the SEC.
14 Nov 2005substantial holder notice● Neutral
Nathan A. Low Roth IRA, Nathan A. Low reported a Aurora Oil & Gas CORP shareholding of 5,052,142 shares (8.47% of votes) in a periodic institutional filing.
14 Nov 2005director interest notice● Neutral
Aurora Oil & Gas CORP director Glenn Dehekker gifted 2,500 shares.
10 Nov 2005business combination● NeutralMajor
Cadence mailed an information statement, required because the board is changing after the merger, saying no shareholder vote is needed. It states about 21,861,327 Cadence shares were outstanding on October 28, 2005, rising to 59,373,693 once the up-to-37,512,366 merger shares are issued, so existing holders' stakes are cut roughly in proportion (for example Nathan Low from 16.03% to 8.47%, Crosby from 4.63% to 2.49%). Four more directors (Earl Young, Gary Myles, Richard Deneau, Ronald Huff) join eleven days after mailing; a 36-month voting agreement covering 22,740,830 shares sets a seven-person board, and irrevocable proxies over 10,102,286 shares name Deneau and Lori King. This continues the board changes in the Nov 4 8-K.
10 Nov 2005securities registration● Neutral
Aurora Oil & Gas CORP amended a filing by which it registered a small-business securities offering with the SEC.
10 Nov 2005substantial holder notice● Neutral
Thomas S. Kaplan disclosed a new substantial Aurora Oil & Gas CORP shareholding (6.50% of votes).
9 Nov 2005substantial holder notice● Neutral
Nathan A. Low Roth IRA, Nathan A. Low reported a Aurora Oil & Gas CORP shareholding of 6,766,142 shares (11.03% of votes) in a periodic institutional filing.
4 Nov 2005business combination● NeutralMajor
The Aurora Energy merger closed on October 31, 2005, resolving the long-pending S-4 and shareholder-approval threads (S-4 effective Sept 22, Aurora holders approved Oct 7). Aurora holders get 37,512,366 Cadence shares (2 per Aurora share), 10% held in escrow for six months; 10,497,328 shares are reserved for converted Aurora options and warrants. Aurora's management takes over (William Deneau as Chairman, President and CEO; Howard Crosby becomes Vice Chairman; Crosby and John Ryan resign as officers; Ryan, DeHekker and Christian resign as directors). The filing also discloses Aurora's TCW credit line now fully drawn at $30 million (an extra $10 million drawn Sept 30, 2005), a new $7.5 million Northwestern Bank line (maturing Oct 15, 2006, with $3.7 million drawn so far) and a $2.95 million mortgage loan on an office condominium, with the Aurora executives personally guaranteeing the bank debts.
2 Nov 2005director interest notice● Neutral
Aurora Oil & Gas CORP director Kevin Dale Stulp received 19,000 shares and a 50,000-share option grant as part of the equity award.
2 Nov 2005director interest notice● Neutral
Aurora Oil & Gas CORP director Howard M Crosby received 479,340 shares and a 50,000-share option grant as part of the equity award.
31 Oct 2005director interest notice● Neutral
Lori M King became a Aurora Oil & Gas CORP Treasurer and company insider (initial ownership filing).
31 Oct 2005director interest notice● Neutral
Thomas W Tucker became a Aurora Oil & Gas CORP VP of Land and Development and company insider (initial ownership filing).
31 Oct 2005director interest notice● Neutral
John V Miller Jr. became a Aurora Oil & Gas CORP VP Exploration and Production and company insider (initial ownership filing).
31 Oct 2005director interest notice● Neutral
William W Deneau became a Aurora Oil & Gas CORP President and company insider (initial ownership filing).
31 Oct 2005director interest notice● Neutral
Earl V Young became a Aurora Oil & Gas CORP director and company insider (initial ownership filing).
31 Oct 2005director interest notice● Neutral
Gary J Myles became a Aurora Oil & Gas CORP director and company insider (initial ownership filing).
28 Sept 2005securities registration● Neutral
Aurora Oil & Gas CORP filed the final prospectus for a registered offering.
16 Sept 2005business combination● Neutral
Cadence filed Amendment No. 2 to its merger registration statement, again covering up to 48,297,694 shares for Aurora Energy holders. The table of contents now adds a section on Cadence principal shareholders. It still quotes the August 19, 2005 bid price of $2.20, and the registration is still not effective and the merger has not closed. The excerpt does not show other changes.
23 Aug 2005business combination● Neutral
Cadence filed Amendment No. 1 to its merger registration statement, still covering up to 48,297,694 shares for Aurora Energy holders. The cover shows a last reported bid price of $2.20 on August 19, 2005, down from $2.53 in the May filing. The registration is still not effective and the merger has not closed. The excerpt does not show what changed in the amendment.