19 Apr 2012material agreement● Neutral
The offering announced two days earlier closed as planned, bringing in $5.9 million gross ($5.5 million net) for drilling and working capital, with a minor correction to the warrant count first reported.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
16 Apr 2012material agreement● Neutral
Lucas Energy launched another stock-and-warrant offering, targeting about $5.9 million gross to fund drilling and workovers, with its December 2010 investors exercising a right to buy in again.
16 Apr 2012securities registration● Neutral
CAMBER ENERGY, INC. filed a prospectus supplement for an offering off its existing shelf.
20 Mar 2012director interest notice● Neutral
CAMBER ENERGY, INC. Chief Executive Officer William Alexander Sawyer sold 7,000 shares at $2.65.
7 Mar 2012securities registration● Neutral
CAMBER ENERGY, INC. registered a securities offering with the SEC using its shelf eligibility.
14 Feb 2012substantial holder notice● Neutral
Capital Ventures International, Heights Capital Management, Inc reported a CAMBER ENERGY, INC. shareholding of 1,050,000 shares (5.10% of votes) in a periodic institutional filing.
14 Feb 2012quarterly activities report▼ Bad
CAMBER ENERGY, INC. reported a quarterly net loss of $2.2 million for the period ended 2011-12-31.
3 Feb 2012asset acquisition disposition● Neutral
Lucas Energy filed a technical amendment confirming that its 2011 purchase of Nordic Oil USA I's Eagle Ford/Austin Chalk leases in Gonzales, Karnes and Wilson Counties should have been reported as a material asset acquisition - a paperwork correction, not new news. This is the same Nordic Oil relationship whose financing later defaulted in 2012.
9 Jan 2012substantial holder notice● Neutral
Hall Phoenix Energy, LLC, Hall Phoenix/Inwood, Ltd, Phoenix/Inwood Corporation, Search Financial Services, LP, Hall Search GP, LLC, Craig Hall disclosed a new substantial CAMBER ENERGY, INC. shareholding (9.90% of votes).
4 Jan 2012asset acquisition disposition● NeutralMajor
Lucas Energy bought roughly 5,500 net acres in Wilson, Leon and Madison Counties from its Eagle Ford joint-venture partner Hall Phoenix Energy, paying entirely in convertible preferred stock valued at $6.35 million.
23 Nov 2011material agreement● NeutralMajor
Lucas Energy closed its $22 million purchase of Nordic Oil USA I's Gonzales/Karnes/Wilson County leases, financed by the convertible secured note flagged in August - a large bet that would go bad within a year.
14 Nov 2011quarterly activities report▼ Bad
CAMBER ENERGY, INC. reported a quarterly net loss of $2.1 million for the period ended 2011-09-30.
2 Nov 2011auditor change● Neutral
Lucas Energy dismissed GBH CPAs (no disagreements, clean reports) and hired Hein & Associates as its new auditor, pending shareholder ratification.
19 Oct 2011capital raising announcement▼ BadMajor
Agreed to buy Nordic Oil USA I's Gonzales/Karnes/Wilson County leases for $22 million, payable via a 12-month, 6% senior secured promissory note -- the debt that would default in 2012 and eventually settle for just $1.125 million in 2013, already on record in this company's history.
19 Oct 2011asset acquisition disposition▲ Good
Lucas Energy completed the sale of its New Mexico leasehold interest to Nordic Oil USA 2 for $4 million, exiting that acreage less than a year after buying in.
1 Sept 2011material agreement● NeutralMajor
Lucas Energy signed letters of intent to (1) buy Nordic Oil USA I's Gonzales/Karnes/Wilson County leases for $22 million via a convertible secured note, and (2) flip its just-bought New Mexico leasehold to an affiliate, Nordic Oil USA 2, for $4 million cash - the $22 million note would prove to be a serious liability within a year.
16 Aug 2011director interest notice● Neutral
William Alexander Sawyer became a CAMBER ENERGY, INC. Chief Executive Officer and company insider (initial ownership filing).
15 Aug 2011quarterly activities report▼ Bad
CAMBER ENERGY, INC. reported quarterly revenue of $1.2 million and a net loss of $884 thousand for the period ended 2011-06-30.
8 Aug 2011director interest notice● Neutral
CAMBER ENERGY, INC. Chief Executive Officer William Alexander Sawyer bought 4,000 shares on the open market.
20 July 2011securities registration● Neutral
CAMBER ENERGY, INC. filed a prospectus supplement for an offering off its existing shelf.
20 July 2011securities registration● Neutral
CAMBER ENERGY, INC. filed the final prospectus for a registered offering.
19 July 2011material agreement● Neutral
Lucas Energy renegotiated the December 2010 investors' warrants down to a $2.48 exercise price and forced early exercise of a quarter of them, pulling in about $1.9 million net earmarked for Eagle Ford and Austin Chalk drilling.
17 June 2011director interest notice● Neutral
CAMBER ENERGY, INC. CHIEF EXECUTIVE OFFICER William Alexander Sawyer received a stock option grant for 200,000 shares.
18 May 2011securities registration● Neutral
CAMBER ENERGY, INC. filed the final prospectus for a registered offering.
2 May 2011securities registration● Neutral
CAMBER ENERGY, INC. registered a securities offering with the SEC using its shelf eligibility.
18 Feb 2011director interest notice● Neutral
Kwongyip Andrew Lai became a CAMBER ENERGY, INC. CFO, Secretary and Treasurer and company insider (initial ownership filing).
14 Feb 2011quarterly activities report▼ Bad
CAMBER ENERGY, INC. reported a quarterly net loss of $1.1 million for the period ended 2010-12-31.
11 Feb 2011substantial holder notice● Neutral
Capital Ventures International, Heights Capital Management, Inc reported a CAMBER ENERGY, INC. shareholding of 1,015,100 shares (6.10% of votes) in a periodic institutional filing.
1 Feb 2011director interest notice● Neutral
CAMBER ENERGY, INC. director W Andrew Krusen Jr. received 12,000 shares and a 24,000-share option grant as part of the equity award.
27 Jan 2011director interest notice● Neutral
CAMBER ENERGY, INC. Chief Executive Officer William Alexander Sawyer received 12,000 shares and a 24,000-share option grant as part of the equity award.