Past year: ▼ 100%(0.30c – 2.49 USD)
Each one in plain English, with the numbers worked through for a shareholder.
14 Feb 2007debt financing● Neutral
PRB Gathering, a subsidiary, signed a five-year lease (effective Jan 24, 2007) with J-W Power Company for gas compression equipment on its Powder River Basin gathering pipelines. It will be booked as a capital lease of about $3,000,000 with a matching liability, a $650,000 cash prepayment for maintenance was made, and monthly payments run $100,000 to $150,000.
14 Feb 2007substantial holder notice● Neutral
DKR Capital Partners L.P. disclosed a new substantial Black Raven Energy, Inc. shareholding (8.80% of votes).
13 Feb 2007substantial holder notice● Neutral
Zesiger Capital Group LLC disclosed a new substantial Black Raven Energy, Inc. shareholding (9.20% of votes).
12 Feb 2007director interest notice● Neutral
Paul L Maddock Jr. became a Black Raven Energy, Inc. director and company insider (initial ownership filing).
12 Feb 2007director interest notice● Neutral
Sigmund J Rosenfeld became a Black Raven Energy, Inc. director and company insider (initial ownership filing).
2 Feb 2007securities registration● Neutral
Black Raven Energy, Inc. registered a securities offering with the SEC using its shelf eligibility.
30 Jan 2007director interest notice● Neutral
Black Raven Energy, Inc. President & COO William F Hayworth bought 5,600 shares on the open market.
24 Jan 2007director interest notice● Neutral
Black Raven Energy, Inc. President & COO William F Hayworth bought 5,000 shares on the open market at $3.42.
23 Jan 2007substantial holder notice● Neutral
Robert W. Wright disclosed a new substantial Black Raven Energy, Inc. shareholding (12.20% of votes).
22 Jan 2007director interest notice● Neutral
Black Raven Energy, Inc. President & COO William F Hayworth bought 5,000 shares on the open market at $2.99.
22 Jan 2007director interest notice● Neutral
Black Raven Energy, Inc. Chairman & CEO Robert W Wright bought 15,000 shares on the open market.
22 Jan 2007director interest notice● Neutral
Black Raven Energy, Inc. director Gus J Blass III bought 9,800 shares on the open market.
18 Jan 2007director interest notice● Neutral
Black Raven Energy, Inc. Chairman & CEO Robert W Wright bought 10,000 shares on the open market.
18 Jan 2007director interest notice● Neutral
Black Raven Energy, Inc. director Joseph W Skeehan received a stock option grant for 10,000 shares.
18 Jan 2007director interest notice● Neutral
Black Raven Energy, Inc. director Reuben Sandler received a stock option grant for 10,000 shares.
18 Jan 2007director interest notice● Neutral
Black Raven Energy, Inc. director James P Schadt received a stock option grant for 10,000 shares.
16 Jan 2007director interest notice● Neutral
Black Raven Energy, Inc. director Gus J Blass III bought 32,600 shares on the open market.
12 Jan 2007listing compliance notice▼ Bad
The American Stock Exchange sent a warning letter on January 8, 2007 because the company issued 1,250,000 shares in the December financing without first getting Amex approval. Amex decided not to start its formal continued-listing procedures, and the company filed an additional listing application for those shares on January 5, 2007.
10 Jan 2007director interest notice● Neutral
Black Raven Energy, Inc. Chairman & CEO Robert W Wright received a stock option grant for 20,000 shares.
10 Jan 2007director interest notice● Neutral
Black Raven Energy, Inc. President & COO William F Hayworth received a stock option grant for 20,000 shares.
10 Jan 2007director interest notice● Neutral
Black Raven Energy, Inc. VP & Secretary Susan C Wright received a stock option grant for 10,000 shares.
10 Jan 2007director interest notice● Neutral
Black Raven Energy, Inc. VP - Business Development Paul W Ritzdorf received a stock option grant for 10,000 shares.
10 Jan 2007director interest notice● Neutral
Black Raven Energy, Inc. VP - Finance & Treasurer Daniel D Reichel received a stock option grant for 10,000 shares.
9 Jan 2007director interest notice● Neutral
Paul W Ritzdorf became a Black Raven Energy, Inc. VP - Corporate Development and company insider (initial ownership filing).
9 Jan 2007director interest notice● Neutral
Daniel D Reichel became a Black Raven Energy, Inc. VP Finance & Treasurer and company insider (initial ownership filing).
8 Jan 2007substantial holder notice● Neutral
West Coast Asset Management, Inc, Paul J. Orfalea, Lance Helfert, R. Atticus Lowe disclosed a new substantial Black Raven Energy, Inc. shareholding (8.80% of votes).
5 Jan 2007asset acquisition disposition● NeutralMajor
The Niobrara acquisition closed December 28, 2006 for $11.7 million cash (13 wells, about 330,000 net acres, about 159 identified drilling locations). It was funded by $15 million of 13% senior secured debentures due August 31, 2008, secured by substantially all company assets, plus 1,250,000 new shares issued to DKR Soundshore Oasis Holding Fund and West Coast Opportunity Fund, about 14% of fully diluted stock, which dilutes existing holders.
14 Dec 2006material agreement▲ GoodMajor
PRB Energy's subsidiary agreed to buy 13 wells (9 producing about 500 Mcf/d) and about 330,000 net acres in northeast Colorado and southwest Nebraska in the Niobrara formation, from Lance Oil and Gas and Western Gas Resources. Price to be set at closing, targeted before December 31, 2006, subject to due diligence. It adds a conventional play beyond the coal bed methane focus.
1 Dec 2006director interest notice● Neutral
Black Raven Energy, Inc. director Joseph W Skeehan sold 14,000 shares.
31 Oct 2006director interest notice● Neutral
Black Raven Energy, Inc. director James P Schadt bought 20,000 shares on the open market.
