12 Apr 2016director officer appointment● Neutral
The 2016 bonus plan stayed on survival measures - operating costs, overheads and year-end bank debt - the third year running that pay was tied to spending less rather than growing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
23 Mar 2016director officer appointment● Neutral
New standard forms of restricted-share agreement were adopted for directors and officers, and the year's grants made under them.
16 Feb 2016substantial holder notice● Neutral
Arbiter Partners Capital Management LLC disclosed a new substantial Carbon Energy Corp shareholding (12.16% of votes).
11 Feb 2016substantial holder notice● Neutral
AWM Investment Company, Inc reported a Carbon Energy Corp shareholding of 10,868,889 shares (10.10% of votes) in a periodic institutional filing.
16 Nov 2015quarterly activities report▼ Bad
Carbon Energy Corp reported a quarterly net loss of $958 thousand for the period ended 2015-09-30.
13 Aug 2015quarterly activities report▼ Bad
Carbon Energy Corp reported a quarterly net loss of $1.2 million for the period ended 2015-06-30.
14 May 2015quarterly activities report▼ Bad
Carbon Energy Corp reported a quarterly net loss of $630 thousand for the period ended 2015-03-31.
5 May 2015director officer appointment● Neutral
With gas prices falling, the 2015 bonus plan was cut back to three defensive measures - operating costs, overheads and the debt-to-earnings ratio - dropping the growth targets of earlier years. The board also modernised the bylaws inherited from the old shell.
29 Jan 2015substantial holder notice● Neutral
AWM Investment Company, Inc reported a Carbon Energy Corp shareholding of 10,888,889 shares (10.20% of votes) in a periodic institutional filing.
29 Jan 2015substantial holder notice● Neutral
Austin W. Marxe, David M. Greenhouse and Adam C. Stettner reported no remaining Carbon Energy Corp shareholding in its periodic institutional filing.
9 Jan 2015substantial holder notice● Neutral
Arbiter Partners Capital Management LLC disclosed a new substantial Carbon Energy Corp shareholding (11.64% of votes).
19 Dec 2014asset acquisition disposition▲ GoodMajor
The deep-rights sale reached a preliminary closing, with the buyer flagging title defects that Carbon and Liberty had 75 days to cure or replace with other acreage before the price would be cut.
14 Nov 2014quarterly activities report● Neutral
Carbon Energy Corp reported a quarterly net income of $2.0 million for the period ended 2014-09-30.
20 Oct 2014material agreement▲ GoodMajor
Carbon's Nytis subsidiary and Liberty Energy agreed to sell the rights below the base of the Clinton Formation under their Kentucky and West Virginia leases to a buyer the filing does not name, keeping everything from surface to the Clinton base, a minority working interest in some of the deep rights and an overriding royalty. Nytis's share of the cash is about $12 million, subject to title and environmental adjustments.
14 Aug 2014quarterly activities report● Neutral
Carbon Energy Corp reported a quarterly net income of $1.8 million for the period ended 2014-06-30.
9 June 2014material agreement● NeutralMajor
Carbon bought out its second-largest shareholder, paying Cadent's RBCP Energy Fund $0.40 a share for all 8,153,777 shares - about $3.3 million - and cancelled them. The 17% holder that arrived with the 2011 Nytis merger was gone, leaving Yorktown clearly dominant.
14 May 2014quarterly activities report● Neutral
Carbon Energy Corp reported a quarterly net income of $1.3 million for the period ended 2014-03-31.
3 Apr 2014material agreement● Neutral
The 2014 bonus plan kept the same six measures as 2013 - cash flow per share, reserves, production growth and three cost measures.
2 Apr 2014director officer appointment● Neutral
Annual restricted-share grants: 80,000 shares to each non-executive director and 400,000, 200,000 and 200,000 to McDonald, Pierce and Struzeski, vesting over three years.
26 Feb 2014material agreement▲ Good
Liberty Energy came back for a second round, paying $1.75 million for a 40% working interest in a further block of Kentucky leases on the same partner-funded drilling model used in 2012.
13 Feb 2014substantial holder notice● Neutral
Austin W. Marxe, David M. Greenhouse and Adam C. Stettner reported a Carbon Energy Corp shareholding of 10,888,889 shares (9.50% of votes) in a periodic institutional filing.
29 Jan 2014substantial holder notice● Neutral
Arbiter Partners Capital Management LLC disclosed a new substantial Carbon Energy Corp shareholding (11.42% of votes).
13 Nov 2013quarterly activities report● Neutral
Carbon Energy Corp reported a quarterly net income of $1.3 million for the period ended 2013-09-30.
14 Aug 2013quarterly activities report● Neutral
Carbon Energy Corp reported a quarterly net income of $1.4 million for the period ended 2013-06-30.
20 May 2013director officer appointment● Neutral
Bonus targets for 2013 were set, broadened from four measures to six with cost-per-unit and finding-cost tests added, and performance units were granted to the three executives.
15 May 2013quarterly activities report● Neutral
Carbon Energy Corp reported a quarterly net income of $46 thousand for the period ended 2013-03-31.
5 Apr 2013director officer appointment● Neutral
The board signed fresh employment contracts with the three men who had run the company since the merger - Patrick McDonald as chief executive on $300,000, Mark Pierce as president and Kevin Struzeski as finance chief - and made the annual restricted-share grants to directors.
14 Nov 2012quarterly activities report▼ Bad
Carbon Energy Corp reported a quarterly net loss of $252 thousand for the period ended 2012-09-30.
18 Sept 2012material agreement▲ GoodMajor
Carbon found an outside funder for its Kentucky drilling: Liberty Energy paid $3.66 million up front for a 40% working interest in a block of leases and agreed to carry part of the drilling cost. The company was choosing to sell down interests rather than borrow to drill.
14 Aug 2012quarterly activities report▼ Bad
Carbon Energy Corp reported a quarterly net loss of $9.3 million for the period ended 2012-06-30.