15 May 2012quarterly activities report▼ Bad
Carbon Energy Corp reported a quarterly net loss of $5.8 million for the period ended 2012-03-31.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
13 Feb 2012substantial holder notice● Neutral
Austin W. Marxe and David M. Greenhouse disclosed a new substantial Carbon Energy Corp shareholding (9.50% of votes).
31 Jan 2012director officer appointment● Neutral
The board handed out the first awards under the new incentive plan - 80,000 restricted shares to each non-executive director, and restricted shares and performance units to the chief executive, finance chief and the head of the Nytis operating subsidiary.
30 Jan 2012substantial holder notice● Neutral
RBCP Energy Fund Investments, LP EIN disclosed a new substantial Carbon Energy Corp shareholding (7.10% of votes).
21 Dec 2011securities registration● Neutral
Carbon Energy Corp filed the final prospectus for a registered offering.
15 Dec 2011securities registration● Neutral
Carbon Energy Corp amended a filing by which it registered a securities offering with the SEC.
13 Dec 2011director officer appointment● Neutral
At its first annual meeting as an operating company, shareholders approved a stock incentive plan covering 12.6 million shares and the board set 2011 bonus targets tied to shareholder return, reserves and production growth. Director Paul McDermott, the Cadent nominee, resigned the day before the meeting.
17 Nov 2011securities registration● Neutral
Carbon Energy Corp amended a filing by which it registered a securities offering with the SEC.
14 Nov 2011quarterly activities report▼ Bad
Carbon Energy Corp reported a quarterly net loss of $3.2 million for the period ended 2011-09-30.
12 Oct 2011securities registration● Neutral
Carbon Energy Corp amended a filing by which it registered a securities offering with the SEC.
16 Sept 2011securities registration● Neutral
Carbon Energy Corp amended a filing by which it registered a securities offering with the SEC.
17 Aug 2011quarterly activities report▼ Bad
Carbon Energy Corp reported a quarterly net loss of $1.8 million for the period ended 2011-06-30.
15 Aug 2011late filing notice▼ Bad
Carbon Energy Corp notified the SEC that its quarterly report would be filed late.
12 Aug 2011securities registration● Neutral
Carbon Energy Corp registered a securities offering with the SEC.
29 July 2011asset acquisition disposition● Neutral
Carbon paid about $1.2 million to Alerion Drilling I for its share of the same Appalachian properties, mopping up a co-owner's interest weeks after the main purchase closed. The $10 million of Yorktown preferred stock issued to fund that purchase had already converted into 22.2 million ordinary shares.
18 July 2011substantial holder notice● Neutral
Arbiter Partners QP, LP EIN disclosed a new substantial Carbon Energy Corp shareholding (9.80% of votes).
18 July 2011substantial holder notice● Neutral
Arbiter Partners QP, LP EIN disclosed a new substantial Carbon Energy Corp shareholding (9.80% of votes).
18 July 2011securities registration● Neutral
Carbon Energy Corp amended a filing by which it filed notice of an exempt private placement.
18 July 2011substantial holder notice● Neutral
Arbiter Partners QP, LP EIN:, Isaac Brothers, LLC EIN disclosed a new substantial Carbon Energy Corp shareholding (9.80% of votes).
14 July 2011securities registration● Neutral
Carbon Energy Corp filed notice of an exempt private placement.
14 July 2011securities registration● Neutral
Carbon Energy Corp filed notice of an exempt private placement.
6 July 2011asset acquisition disposition▲ GoodMajor
The company raised roughly $30 million in one day - 44.4 million shares at $0.45 to institutional and accredited investors plus $10 million of Series A preferred bought by Yorktown Energy Partners IX, an affiliate of its controlling holders - and used it to complete the Interstate Natural Gas purchase on 29 June, three months late and after $765,000 net in extension payments. It renamed itself Carbon Natural Gas Company at the same time.
23 May 2011quarterly activities report▼ Bad
Carbon Energy Corp reported a quarterly net loss of $8.3 million for the period ended 2011-03-31.
13 May 2011quarterly activities report▼ Bad
Carbon Energy Corp reported a quarterly net loss of $8.3 million for the period ended 2011-03-31.
28 Apr 2011asset acquisition disposition● Neutral
The first, small tranche of the Interstate Natural Gas purchase closed on 22 April: about 45 gas wells for no more than $1.5 million, funded by lifting the Bank of Oklahoma borrowing base from $8 million to $10 million. The bulk of the deal still needed the equity that had not yet been raised.
19 Apr 2011material agreement● NeutralMajor
The $29.6 million purchase of gas properties, gathering lines and compression in eastern Kentucky and West Virginia from The Interstate Natural Gas Company, agreed the day the merger closed, was restructured into two closings because the financing was not ready - an early sign that the new company's ambitions ran ahead of its funding.
14 Mar 2011auditor change● Neutral
With the Nytis merger done, Braver P.C. was dismissed as auditor - its last opinion had carried a going-concern warning about the old shell - and Denver firm Ehrhardt Keefe Steiner & Hottman was engaged to audit the real operating business.
28 Feb 2011substantial holder notice● Neutral
Patrick R. McDonald disclosed a new substantial Carbon Energy Corp shareholding (8.90% of votes).
17 Feb 2011business combination▲ GoodMajor
The Nytis reverse takeover closed: 47,000,003 shares issued at 1,630.76 for each Nytis share, taking the count to 47.5 million and putting private-equity firm Yorktown Energy Partners' funds V and VI at a combined 75.5%, with Cadent Energy Partners' RBCP fund on 17.2%. Patrick McDonald became chairman and chief executive and Kevin Struzeski chief financial officer; the company formally stopped being a shell and became a working Appalachian gas producer.
11 Feb 2011substantial holder notice● Neutral
Walter P. Carucci reported a Carbon Energy Corp shareholding of 32,333 shares (6.20% of votes) in a periodic institutional filing.