28 Aug 2012securities registration● Neutral
Citadel Exploration, Inc. filed notice of an exempt private placement.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
20 Aug 2012quarterly activities report▼ Bad
Citadel Exploration, Inc. reported a quarterly net loss of $152 thousand for the period ended 2012-06-30.
15 Aug 2012late filing notice▼ Bad
Citadel Exploration, Inc. notified the SEC that its quarterly report would be filed late.
17 May 2012quarterly activities report● Neutral
Citadel Exploration, Inc. reported a quarterly net income of $140 thousand for the period ended 2012-03-31.
16 May 2012late filing notice▼ Bad
Citadel Exploration, Inc. notified the SEC that its quarterly report would be filed late.
13 Apr 2012director interest notice● Neutral
Jacob B Barnhart became a Citadel Exploration, Inc. director and company insider (initial ownership filing).
9 Apr 2012director interest notice● Neutral
Armen Nahabedian became a Citadel Exploration, Inc. CEO, President, and Director and company insider (initial ownership filing).
2 Apr 2012late filing notice▼ Bad
Citadel Exploration, Inc. notified the SEC that its annual report would be filed late.
22 Mar 2012material agreement● NeutralMajor
On February 22, 2012 the company's subsidiary sold Sojitz Energy Venture, Inc. an undivided 40% interest in the Project Indian lease (688.71 acres, San Benito County) for $350,000, subject to the lessor's consent. The two parties also signed a joint operating agreement covering the lease and an area of mutual interest, so the company now shares Project Indian with a partner. Armen Nahabedian is again the signing CEO, though the filing does not explain the change from Michael Finch.
21 Nov 2011quarterly activities report▼ Bad
Citadel Exploration, Inc. reported quarterly revenue of $675 and a net loss of $64 thousand for the period ended 2011-09-30.
15 Nov 2011late filing notice▼ Bad
Citadel Exploration, Inc. notified the SEC that its quarterly report would be filed late.
19 Aug 2011quarterly activities report▼ Bad
Citadel Exploration, Inc. reported a quarterly net loss of $118 thousand for the period ended 2011-06-30.
16 Aug 2011late filing notice▼ Bad
Citadel Exploration, Inc. notified the SEC that its quarterly report would be filed late.
16 May 2011quarterly activities report▼ Bad
Citadel Exploration, Inc. reported a quarterly net loss of $1 thousand for the period ended 2011-03-31.
13 May 2011business combination● NeutralMajor
The acquisition of Citadel Exploration, LLC closed May 3, 2011: the company issued 14,000,000 shares for 100% of the LLC and obtained cancellation of 7,690,000 affiliate shares. It is now an oil and gas exploration company whose property is the Indian Shallow Oil Development Project (688.71 leased acres in San Benito County, California, leased from Vintage Petroleum, an Occidental Petroleum subsidiary), and Michael J. Finch became CEO with a new board. This completes the deal announced in February.
3 May 2011material agreement● Neutral
The company and Citadel Exploration, LLC signed an addendum pushing the effective date for completing the acquisition conditions from April 1, 2011 to May 9, 2011. This is a delay of the February deal, not a change in its terms as stated in the filing.
16 Mar 2011securities registration● Neutral
Citadel Exploration, Inc. filed notice of an exempt private placement.
8 Mar 2011capital raising announcement● Neutral
On March 2, 2011 the company changed its name from Subprime Advantage, Inc. to Citadel Exploration, Inc., ahead of the planned acquisition of Citadel Exploration, LLC. It also approved a 12-for-1 forward split (record date March 22, 2011) that raises shares outstanding from 1,158,000 to 18,960,000, as the February agreement required.
1 Mar 2011material agreement● NeutralMajor
Subprime Advantage, Inc. (the shell that registered its offering in 2010) agreed on Feb 28, 2011 to buy 100% of Citadel Explorations, LLC, a California oil and gas company, for 14,000,000 post-split shares. The deal also calls for a 12-for-1 forward split, Armen Nahabedian to replace the current officers and directors, cancellation of 7,690,000 affiliate shares, and a 400,000-share private placement at $2.50 per share.
17 Aug 2010securities registration● Neutral
Citadel Exploration, Inc. filed the final prospectus for a registered offering.
13 Aug 2010securities registration● Neutral
Citadel Exploration, Inc. amended a filing by which it registered a securities offering with the SEC.
6 Aug 2010securities registration● Neutral
Citadel Exploration, Inc. amended a filing by which it registered a securities offering with the SEC.
26 July 2010securities registration● Neutral
Citadel Exploration, Inc. amended a filing by which it registered a securities offering with the SEC.
25 June 2010securities registration● Neutral
Citadel Exploration, Inc. amended a filing by which it registered a securities offering with the SEC.
11 June 2010securities registration● Neutral
Citadel Exploration, Inc. amended a filing by which it registered a securities offering with the SEC.
14 May 2010securities registration● Neutral
Citadel Exploration, Inc. amended a filing by which it registered a securities offering with the SEC.
16 Apr 2010securities registration● Neutral
Citadel Exploration, Inc. amended a filing by which it registered a securities offering with the SEC.
25 Mar 2010securities registration● Neutral
Citadel Exploration, Inc. amended a filing by which it registered a securities offering with the SEC.
11 Feb 2010securities registration● Neutral
Citadel Exploration, Inc. registered a securities offering with the SEC.