3 June 2005director interest notice● Neutral
BLUE DOLPHIN ENERGY CO director Michael S Chadwick exercised stock options for 80,571 shares and disposed of 172,701 shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
2 June 2005director interest notice● Neutral
BLUE DOLPHIN ENERGY CO President Michael J Jacobson sold 10,901 shares.
2 June 2005director interest notice● Neutral
BLUE DOLPHIN ENERGY CO Vice President G Brian Lloyd sold 10,900 shares.
2 June 2005director interest notice● Neutral
BLUE DOLPHIN ENERGY CO Chairman & CEO Ivar Siem sold 48,049 shares.
13 May 2005securities registration● Neutral
BLUE DOLPHIN ENERGY CO registered a securities offering with the SEC using its shelf eligibility.
2 May 2005material agreement● Neutral
Blue Dolphin extended the same maturity and interest deferral to other September 2004 note holders, pushing $450,000 of notes out to June 2006 while $300,000 remained due that September.
21 Apr 2005capital raising announcement● Neutral
Blue Dolphin issued a further 815,291 shares in April 2005 (592,589 on April 15 plus 222,702 elsewhere in the month) as holders net-exercised the Sept and Nov 2004 warrants, giving up the right to 101,378 shares. Together with the earlier April issuance, more of the 2004 warrants have been converted into stock, increasing the share count; no cash proceeds are stated.
14 Apr 2005material agreement● Neutral
Blue Dolphin extended the maturity and deferred interest on a $275,000 note held by lender Western Gulf Pipeline Partners, while easing resale restrictions on Western Gulf's warrant shares.
6 Apr 2005director interest notice● Neutral
BLUE DOLPHIN ENERGY CO director James M Trimble sold 12,059 shares.
1 Apr 2005capital raising announcement● Neutral
On April 1, 2005 Blue Dolphin issued 743,969 new shares after holders exercised the warrants issued in Sept and Nov 2004, using net exercises (holders gave up the right to 47,697 shares instead of paying cash). It also issued 128,541 shares from stock option exercises effective March 21, 2005 (exercise prices $0.43 to $1.55). This is the dilution from the late-2004 warrant financing starting to occur; no cash proceeds are stated for these exercises.
23 Mar 2005director interest notice● Neutral
BLUE DOLPHIN ENERGY CO Vice President G Brian Lloyd exercised stock options for 40,000 shares and disposed of 46,844 shares.
23 Mar 2005director interest notice● Neutral
BLUE DOLPHIN ENERGY CO Chairman & CEO Ivar Siem exercised stock options for 51,250 shares and disposed of 60,263 shares.
23 Mar 2005director interest notice● Neutral
BLUE DOLPHIN ENERGY CO President Michael J Jacobson exercised stock options for 40,000 shares and disposed of 46,844 shares.
3 Mar 2005debt financing▲ Good
Blue Dolphin bought out MCNIC's one-third interest in the Blue Dolphin Pipeline system, restructuring a $750,000 note MCNIC held into a smaller $250,000 interest-free note with the rest forgiven.
22 Feb 2005listing compliance notice▼ Bad
Nasdaq warned Blue Dolphin its stock had traded below the $1.00 minimum bid price for 30 days, giving it until August 2005 to regain compliance.
14 Dec 2004substantial holder notice● Neutral
Western Gulf Pipeline Partners, L.P., Peregrine Management, LLC, Steven A. Webster reported a BLUE DOLPHIN ENERGY CO shareholding of 916,667 shares (9.20% of votes) in a periodic institutional filing.
6 Dec 2004director interest notice● Neutral
Western Gulf Pipeline Partners, LP became a BLUE DOLPHIN ENERGY CO 10%+ owner and company insider (initial ownership filing).
6 Dec 2004capital raising announcement● NeutralMajor
Blue Dolphin closed the second part of its private warrant sale on Nov 30, 2004: 1.55 million warrants at $0.003 each, exercisable at $0.25 per share for five years, after stockholders approved it on Nov 11. This completes the Sept 2004 financing (a $750,000 note plus 2.8 million warrants in total) and means existing shareholders face possible dilution as warrants are exercised. Directors Benz, Parker and Chadwick bought 41,667, 341,665 and 20,834 of the warrants, the company paid Chadwick's firm Sanders Morris Harris a $25,000 fee and will retain it as financial adviser, and it signed a consulting agreement with Parker. The note's maturity was extended to Sept 7, 2005. Proceeds are for working capital and general corporate purposes.
2 Dec 2004director interest notice● Neutral
BLUE DOLPHIN ENERGY CO director F Gardner Parker bought 341,665 shares on the open market at $0.00.
2 Dec 2004director interest notice● Neutral
BLUE DOLPHIN ENERGY CO director Laurence N Benz bought 41,667 shares on the open market at $0.00.
2 Dec 2004director interest notice● Neutral
BLUE DOLPHIN ENERGY CO director Michael S Chadwick bought 20,833 shares on the open market at $0.00.
3 Nov 2004material agreement▲ Good
Blue Dolphin and partner WBI Pipeline & Storage sold their combined stake in the stalled New Avoca gas-storage project in upstate New York to SemGas for $0.9 million cash plus a possible $0.4 million earn-out.
5 Oct 2004director interest notice● Neutral
BLUE DOLPHIN ENERGY CO director James M Trimble exercised stock options for 57,142 shares and disposed of 57,142 shares.
14 Sept 2004director interest notice● Neutral
F Gardner Parker became a BLUE DOLPHIN ENERGY CO director and company insider (initial ownership filing).
14 Sept 2004director interest notice● Neutral
Laurence N Benz became a BLUE DOLPHIN ENERGY CO director and company insider (initial ownership filing).
10 Sept 2004director interest notice● Neutral
BLUE DOLPHIN ENERGY CO director Michael S Chadwick bought 20,834 shares on the open market at $0.00.
1 Sept 2004director interest notice● Neutral
BLUE DOLPHIN ENERGY CO V.P., Finance & Corporate Dev. John P Atwood exercised stock options for 30,000 shares and disposed of 41,727 shares.
16 Aug 2004late filing notice▼ Bad
BLUE DOLPHIN ENERGY CO notified the SEC that its quarterly report would be filed late.
6 Apr 2004director interest notice● Neutral
BLUE DOLPHIN ENERGY CO Vice President John P Atwood disposed of 5,333 shares via option/appreciation-right settlement.
6 Apr 2004director interest notice● Neutral
BLUE DOLPHIN ENERGY CO Chairman Ivar Siem disposed of 8,000 shares via option/appreciation-right settlement.