12 May 2015listing compliance notice▼ BadMajor
CHANCELLOR GROUP INC. deregistered its securities, ending its obligation to file reports with the SEC.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
14 Nov 2014quarterly activities report▼ Bad
CHANCELLOR GROUP INC. reported quarterly revenue of $0 and a net loss of $537 thousand for the period ended 2014-09-30.
13 Aug 2014quarterly activities report▼ Bad
CHANCELLOR GROUP INC. reported quarterly revenue of $0 and a net loss of $214 thousand for the period ended 2014-06-30.
25 July 2014asset acquisition disposition▼ BadMajor
Chancellor sold its last remaining oil and gas assets -- four wells and a water disposal well in Gray County, Texas -- to S&W Oil & Gas for $95,000, exiting the oil and gas business entirely to focus on its Pimovi and Fuelist technology investments.
15 May 2014quarterly activities report▼ Bad
CHANCELLOR GROUP INC. reported quarterly revenue of $23 thousand and a net loss of $290 thousand for the period ended 2014-03-31.
14 Nov 2013quarterly activities report▼ Bad
CHANCELLOR GROUP INC. reported quarterly revenue of $13 thousand and a net loss of $334 thousand for the period ended 2013-09-30.
28 Aug 2013securities registration● Neutral
CHANCELLOR GROUP INC. filed notice of an exempt private placement.
28 Aug 2013securities registration● Neutral
CHANCELLOR GROUP INC. filed notice of an exempt private placement.
20 Aug 2013debt financing● NeutralMajor
Chancellor agreed to acquire 51% of Fuelist, LLC, a California startup, for $271,200 paid over 12 months plus 2 million shares of Chancellor stock -- a second bet on technology ventures far from its oil and gas roots.
14 Aug 2013quarterly activities report▼ Bad
CHANCELLOR GROUP INC. reported quarterly revenue of $0 and a net loss of $258 thousand for the period ended 2013-06-30.
15 May 2013quarterly activities report▼ Bad
CHANCELLOR GROUP INC. reported quarterly revenue of $65 thousand and a net loss of $284 thousand for the period ended 2013-03-31.
15 Jan 2013material agreement● NeutralMajor
Chancellor moved further from oil and gas, agreeing to fund a new 61%-owned technology startup, Pimovi, Inc., with $250,000 over eight months in exchange for preferred equity and board control.
5 Nov 2012quarterly activities report▼ Bad
CHANCELLOR GROUP INC. reported quarterly revenue of $23 thousand and a net loss of $124 thousand for the period ended 2012-09-30.
10 Aug 2012quarterly activities report▼ Bad
CHANCELLOR GROUP INC. reported quarterly revenue of $12 thousand and a net loss of $148 thousand for the period ended 2012-06-30.
11 May 2012quarterly activities report▼ Bad
CHANCELLOR GROUP INC. reported a quarterly net loss of $121 thousand for the period ended 2012-03-31.
16 Dec 2011asset acquisition disposition▼ BadMajor
Chancellor closed the LCB Resources sale, covering about 82% of its remaining consolidated assets, for $2.05 million cash.
20 Oct 2011material agreement▼ BadMajor
Chancellor agreed to sell substantially all of Gryphon's remaining oil and gas assets to LCB Resources for $2.05 million, keeping only four producing wells -- continuing to wind down its original oil and gas business.
23 Mar 2011material agreement termination▼ BadMajor
Chancellor's board terminated the Zimbabwe gold exploration agreement with Munda We Gold, citing governance concerns and regional political instability -- the diversification bet abandoned within four months.
26 Jan 2011auditor change● Neutral
Chancellor fired De Joya Griffith as its auditor after less than three months and hired StarkSchenkein instead -- no disagreements were cited.
2 Dec 2010capital raising announcement● NeutralMajor
Chancellor agreed to fund a new Zimbabwe gold exploration venture with local partner Munda We Gold at $50,000 a month during a 90-day diligence period -- a striking diversification attempt for a small Texas Panhandle oil and gas company just two years removed from bankruptcy.
27 Oct 2010auditor change● Neutral
Chancellor's auditor resigned to focus on tax work and was replaced with De Joya Griffith & Company -- a routine, no-disagreement change.
30 June 2010substantial holder notice● Neutral
Koala Pictures Pty Ltd., Maxwell Grant disclosed a new substantial CHANCELLOR GROUP INC. shareholding (37.47% of votes).
2 June 2010asset acquisition disposition● Neutral
Chancellor completed the small Hutchinson County acquisition for $150,000 cash.
10 May 2010asset acquisition disposition● Neutral
Chancellor's subsidiary Gryphon agreed to buy a small package of Hutchinson County, Texas oil and gas leases from a sole proprietor for $150,000 -- a token bolt-on acquisition as it slowly rebuilt after bankruptcy.
15 May 2009late filing notice▼ Bad
CHANCELLOR GROUP INC. notified the SEC that its quarterly report would be filed late.
5 Sept 2008asset acquisition disposition▲ GoodMajor
Chancellor closed the Legacy Reserves sale: the $13.25 million deal paid off Western National Bank and Capwest Resources in full, funded a $110,000 buyback of dissenting shareholder New Concept Energy's stock as part of a litigation settlement, and left Chancellor debt-free with about $3 million in working capital and roughly 30% of its original oil and gas acreage.
19 Aug 2008bankruptcy or receivership▲ GoodMajor
Rather than reorganize, Chancellor agreed to sell about 80% of its oil and gas production to Legacy Reserves for $13.25 million -- enough to pay its secured lenders in full and leave it debt-free -- and the bankruptcy court dismissed its and its subsidiaries' Chapter 11 cases so the sale could close, over the objection of shareholder New Concept Energy.
4 June 2008director interest notice● Neutral
CHANCELLOR GROUP INC. 10%+ owner Koala Pictures Pty LTD gifted 200,000 shares.
14 May 2008director interest notice● Neutral
CHANCELLOR GROUP INC. 10%+ owner Koala Pictures Pty LTD gifted 1,000,000 shares.
13 May 2008director interest notice● Neutral
CHANCELLOR GROUP INC. 10%+ owner Koala Pictures Pty LTD gifted 150,000 shares.