6 Oct 2014agm notice● Neutral
BAKKEN RESOURCES INC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
19 Aug 2014quarterly activities report▼ Bad
BAKKEN RESOURCES INC reported a quarterly net loss of $790 thousand for the period ended 2014-06-30.
15 July 2014material agreement● NeutralMajor
On July 9, 2014 the company signed a two-year oil and gas lease with Big Willow Properties, LLLP for about 9,300 net mineral acres in Payette, Ada and Canyon Counties, Idaho. Per-acre terms and royalties are undisclosed and depend on title confirmation. Drilling must start and a seismic survey be completed within the initial term, and Big Willow can take up to a 15% working interest in each well. This is a new area beyond North Dakota and Montana.
19 June 2014director interest notice● Neutral
Louis Jeffrey Mazzullo became a BAKKEN RESOURCES INC director and company insider (initial ownership filing).
19 June 2014director interest notice● Neutral
Dan Anderson became a BAKKEN RESOURCES INC Chief Financial Officer and company insider (initial ownership filing).
19 June 2014director interest notice● Neutral
Louis Jeffrey Mazzullo became a BAKKEN RESOURCES INC director and company insider (initial ownership filing).
20 May 2014quarterly activities report● Neutral
BAKKEN RESOURCES INC reported a quarterly net income of $4.5 million for the period ended 2014-03-31.
16 May 2014late filing notice▼ Bad
BAKKEN RESOURCES INC notified the SEC that its quarterly report would be filed late.
31 Mar 2014late filing notice▼ Bad
BAKKEN RESOURCES INC notified the SEC that its annual report would be filed late.
10 Feb 2014asset acquisition disposition▲ GoodMajor
On Feb 4, 2014 the company sold 767 net mineral acres in McKenzie County, ND (part of the Holms Property assets bought in Nov 2010 for $1,535,000) to Athene Annuity & Life Assurance Company for $7,871,248 ($10,250 per acre). It keeps a 2% royalty on the sold assets, and 10% of proceeds is held in escrow pending title review. The press release says about 1,600 net mineral acres remain.
19 Nov 2013quarterly activities report● Neutral
BAKKEN RESOURCES INC reported a quarterly net income of $644 thousand for the period ended 2013-09-30.
15 Nov 2013late filing notice▼ Bad
BAKKEN RESOURCES INC notified the SEC that its quarterly report would be filed late.
10 Oct 2013agm notice● Neutral
BAKKEN RESOURCES INC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
14 Aug 2013quarterly activities report● Neutral
BAKKEN RESOURCES INC reported a quarterly net income of $425 thousand for the period ended 2013-06-30.
12 Aug 2013agm notice● Neutral
BAKKEN RESOURCES INC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
15 May 2013quarterly activities report● Neutral
BAKKEN RESOURCES INC reported a quarterly net income of $113 thousand for the period ended 2013-03-31.
29 Mar 2013late filing notice▼ Bad
BAKKEN RESOURCES INC notified the SEC that its annual report would be filed late.
5 Mar 2013director interest notice● Neutral
Val M. Holms became a BAKKEN RESOURCES INC CEO and company insider (initial ownership filing).
19 Nov 2012quarterly activities report▼ Bad
BAKKEN RESOURCES INC reported a quarterly net loss of $123 thousand for the period ended 2012-09-30.
14 Nov 2012late filing notice▼ Bad
BAKKEN RESOURCES INC notified the SEC that its quarterly report would be filed late.
31 Oct 2012agm notice● Neutral
BAKKEN RESOURCES INC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
3 Oct 2012director interest notice● Neutral
BAKKEN RESOURCES INC Chief Financial Officer David Deffinbaugh disposed of 250,000 shares via option/appreciation-right settlement.
20 Sept 2012agm notice● Neutral
BAKKEN RESOURCES INC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
20 Aug 2012quarterly activities report▼ Bad
BAKKEN RESOURCES INC reported a quarterly net loss of $123 thousand for the period ended 2012-06-30.
14 Aug 2012late filing notice▼ Bad
BAKKEN RESOURCES INC notified the SEC that its quarterly report would be filed late.
6 July 2012material agreement● Neutral
On July 3, 2012 the company bought a 17% working interest in the 3A oil well in Archer County, Texas for $68,000, payable half at closing and half after 90 days. The seller and operator, Holms Energy Development Corp., is controlled by CEO Val Holms, so this is a related-party deal; the filing says a majority of independent, non-interested directors approved it. The press release also says 21 wells are in various stages on its North Dakota acreage, 13 producing, and that it has received payments from eight Bakken wells and three Madison wells.
21 May 2012quarterly activities report▼ Bad
BAKKEN RESOURCES INC reported a quarterly net loss of $430 thousand for the period ended 2012-03-31.
16 May 2012late filing notice▼ Bad
BAKKEN RESOURCES INC notified the SEC that its quarterly report would be filed late.
2 Apr 2012director interest notice● Neutral
BAKKEN RESOURCES INC director W. Edward Nichols received a stock option grant for 250,000 shares.
2 Apr 2012director interest notice● Neutral
BAKKEN RESOURCES INC director Bill M Baber received a stock option grant for 250,000 shares.