Past year: ▼ 47%(2.00c – 5.00c USD)
Each one in plain English, with the numbers worked through for a shareholder.
3 Oct 2016director officer appointment● NeutralMajor
Cleaning up after the Segundo closing of 25 August 2016: the assets delivered were worth up to $1.03 million less than the $80.7 million agreed value, and RAD2 Minerals - owned by Richard Azar, who had just been made chairman - agreed to cover the shortfall. Anthony Schnur gave up the finance-chief roles to Paul Pinkston, and the year-end was moved from March to December.
29 Sept 2016securities registration● Neutral
CAMBER ENERGY, INC. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
20 Sept 2016securities registration● Neutral
CAMBER ENERGY, INC. registered a securities offering with the SEC using its shelf eligibility.
14 Sept 2016substantial holder notice● Neutral
DBS Investments, Ltd, DBS Management, LLC, Donnie B. Seay disclosed a new substantial CAMBER ENERGY, INC. shareholding (8.10% of votes).
13 Sept 2016director interest notice● Neutral
Robert D. Tips became a CAMBER ENERGY, INC. director and company insider (initial ownership filing).
13 Sept 2016director interest notice● Neutral
Kenneth Ray Sanders became a CAMBER ENERGY, INC. Chief Operating Officer and company insider (initial ownership filing).
13 Sept 2016substantial holder notice● Neutral
Saxum Energy, LLC, Richard Menchaca disclosed a new substantial CAMBER ENERGY, INC. shareholding (5.80% of votes).
8 Sept 2016capital raising announcement▼ BadMajor
Closed the first tranche of the April 2016 Series C Preferred agreement: 53 shares plus the $4.5 million warrant, for $500,000 gross -- the actual inception of what becomes a years-long, increasingly dilutive Series C financing relationship.
7 Sept 2016substantial holder notice● Neutral
Scott Lake Energy, L.P, Scott Lake Energy, LLC, Donald Rowden disclosed a new substantial CAMBER ENERGY, INC. shareholding (5.30% of votes).
7 Sept 2016substantial holder notice● Neutral
ILIOS Oil, LLC, John Benjamin Azar disclosed a new substantial CAMBER ENERGY, INC. shareholding (9.20% of votes).
7 Sept 2016director interest notice● Neutral
II Richard Nathan Azar became a CAMBER ENERGY, INC. director and company insider (initial ownership filing).
6 Sept 2016director interest notice● Neutral
Paul Anthony Pinkston became a CAMBER ENERGY, INC. Chief Accounting Officer and company insider (initial ownership filing).
6 Sept 2016director interest notice● Neutral
CAMBER ENERGY, INC. CEO & President Anthony Charles Schnur acquired 968 shares at $3.80 under a company stock plan.
6 Sept 2016director interest notice● Neutral
Alan William Dreeben became a CAMBER ENERGY, INC. director and company insider (initial ownership filing).
1 Sept 2016securities registration● Neutral
CAMBER ENERGY, INC. filed notice of an exempt private placement.
31 Aug 2016asset acquisition disposition▲ GoodMajor
Lucas Energy closed the Segundo Resources acquisition (final terms: ~$30.6 million of assumed bank debt plus preferred and common stock, including shares to new board appointees Robert Tips and Alan Dreeben) and eased the original requirement to immediately rename itself Camber Energy, agreeing instead to do so on a best-efforts basis.
25 Aug 2016debt financing▼ Bad
Lucas Energy's drilling subsidiary CATI Operating borrowed $1 million more from senior lender Louise H. Rogers to fund Eagle Ford wells drilled jointly with Lonestar Resources, pledging most of CATI's cash flow to debt service and promising Rogers a full guarantee once Lucas raises $5 million in new equity.
16 Aug 2016securities registration● Neutral
CAMBER ENERGY, INC. amended a filing by which it registered a securities offering with the SEC.
12 Aug 2016quarterly activities report▼ Bad
CAMBER ENERGY, INC. reported a quarterly net loss of $1.4 million for the period ended 2016-06-30.
12 Aug 2016quarterly activities report▼ Bad
CAMBER ENERGY, INC. reported a quarterly net loss of $1.4 million for the period ended 2016-06-30.
10 Aug 2016business combination● Neutral
Lucas Energy notified shareholders that the Segundo Resources sellers would gain the right to appoint new members to its board once the asset deal closed - a standard disclosure ahead of a change in board control.
22 July 2016listing compliance notice▼ BadMajor
NYSE MKT warned Lucas Energy again, this time more seriously: stockholders' equity of just $2.4 million fell well short of the $4-6 million required after five straight years of losses. The company had until January 2018 to fix it under a new compliance plan.
29 June 2016late filing notice▼ Bad
CAMBER ENERGY, INC. notified the SEC that its annual report would be filed late.
9 May 2016director interest notice● Neutral
CAMBER ENERGY, INC. CEO & President Anthony Charles Schnur acquired 1,093 shares at $3.08 under a company stock plan.
2 May 2016material agreement● Neutral
Lucas Energy gave an unnamed institutional investor more time to register its shares for resale, tying the deadline to the close of a still-pending Series C preferred stock and warrant financing between them.
2 May 2016capital raising announcement▼ Bad
Sold a new $150,000 convertible note (part of a $600,000 facility) to lender 'HFT'/Debra Herman at 6% interest, $1.50/share conversion, plus 124,285 warrants -- another small lender added to the note-financing roster.
2 May 2016securities registration● Neutral
CAMBER ENERGY, INC. registered a securities offering with the SEC.
25 Apr 2016capital raising announcement▼ Bad
Rockwell Capital Partners converted $159,780 of its assigned Silver Star notes into 106,520 shares at $1.50/share; separately, amended the December 2015 Segundo Resources asset purchase agreement (with 21+ sellers) to move its effective date to April 2016 and drop a share-registration requirement.
20 Apr 2016securities registration● Neutral
CAMBER ENERGY, INC. filed notice of an exempt private placement.
15 Apr 2016material agreement● Neutral
Silver Star Oil Company sold its $2.4 million credit line and a $200,000 note on Lucas Energy to a new investor, Target Alliance London, while the line's terms got tougher for Lucas: less total borrowing capacity, a much higher stock-conversion price ($3.25 vs $1.50), and warrants sweetened for the new lender.
