28 July 2011director interest notice● Neutral
CRIMSON EXPLORATION INC. Senior VP-Land & Business Dev Tracy Price disposed of 118,789 shares via option/appreciation-right settlement.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
19 May 2011director interest notice● Neutral
CRIMSON EXPLORATION INC. director Ellis L Mccain received 13,089 shares as part of the equity award.
19 May 2011agm notice● Neutral
CRIMSON EXPLORATION INC. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
19 May 2011director interest notice● Neutral
CRIMSON EXPLORATION INC. director Zhaoxing Ni received 13,089 shares as part of the equity award.
19 May 2011director interest notice● Neutral
CRIMSON EXPLORATION INC. Senior VP - Engineering Jay S Mengle had 3,637 shares withheld for taxes on vesting stock.
19 May 2011director interest notice● Neutral
CRIMSON EXPLORATION INC. 10%+ owner America Capital Energy Corp received 13,089 shares as part of the equity award.
19 May 2011director interest notice● Neutral
CRIMSON EXPLORATION INC. director Lee B Backsen received 13,089 shares as part of the equity award.
12 May 2011quarterly activities report● Neutral
CRIMSON EXPLORATION INC. reported quarterly revenue of $27.6 million for the period ended 2011-03-31.
12 May 2011quarterly activities report● Neutral
CRIMSON EXPLORATION INC. reported quarterly revenue of $27.6 million for the period ended 2011-03-31.
13 Apr 2011drilling progress report▲ GoodMajor
Crimson's first Karnes County Eagle Ford well, Littlepage McBride #1 (53% WI), started producing in early April 2011 at a gross 876 barrels of oil and 717 Mcf of gas a day, and management says it plans to move more 2011 capital to Karnes County. Catherine Henderson #A-9 in Liberty County (66% WI) began producing at a gross 9.6 MMcfe/d; Kodiak #1 and Blue #1 in East Texas are in completion with production expected within weeks, and a first Zavala County Eagle Ford well is due to spud around May. This follows the March plan and shifts the 2011 budget towards oil.
11 Mar 2011director interest notice● Neutral
CRIMSON EXPLORATION INC. Senior VP - Operations Anthony Carl Isaac received 24,667 shares as part of the equity award.
4 Mar 2011production update▲ GoodMajor
Crimson reported proved reserves of 166.5 Bcfe at Dec 31, 2010 (PV-10 about $239.7M), up 71% from 97.5 Bcfe a year earlier, with a reserve replacement rate of 634% of 2010 production; this updates the 154.3 Bcfe figure at Sept 30, 2010. It set a $60M 2011 capital budget (about 12 wells, 11 operated) emphasising oil and liquids-rich targets, and gave well updates: Halbert Trust #1 (29% WI) tested at a restricted 10 MMcf/d, Windham #1 and Born #1 (20% WI each) are flowing back, and Blue #1 (71% WI) production is scheduled for April. Q4 2010 output was about 4.0 Bcfe (43,000 Mcfe/d), but full-year 2010 production of 12.9 Bcfe was below 2009's 14.9 Bcfe.
14 Feb 2011substantial holder notice● Neutral
Barclays PLC reported a CRIMSON EXPLORATION INC. shareholding of 2,200,000 shares (5.11% of votes) in a periodic institutional filing.
28 Dec 2010director interest notice● Neutral
CRIMSON EXPLORATION INC. Senior VP - Operations Anthony Carl Isaac received a stock option grant for 100,000 shares.
27 Dec 2010director interest notice● Neutral
Zhaoxing Ni became a CRIMSON EXPLORATION INC. director and company insider (initial ownership filing).
14 Dec 2010drilling progress report▲ GoodMajor
A December 9, 2010 press release reports the Gobi #1 H Mid-Bossier well (70% WI) producing 11.7 million cubic feet of gas per day (restricted rate), and drilling updates on other East Texas and Bee County Eagle Ford wells. It also reports proved reserves of 154.3 Bcfe at Sept 30, 2010 (PV-10 about $248.1M), up about 58% from 97.5 Bcfe at Dec 31, 2009. These are the company's own, independently estimated figures; the prior Culberson County and legacy-asset threads are not mentioned.
12 Nov 2010quarterly activities report● Neutral
CRIMSON EXPLORATION INC. reported quarterly revenue of $24.5 million for the period ended 2010-09-30.
10 Nov 2010quarterly activities report● Neutral
CRIMSON EXPLORATION INC. reported quarterly revenue of $24.5 million for the period ended 2010-09-30.
5 Nov 2010director interest notice● Neutral
America Capital Energy Corp became a CRIMSON EXPLORATION INC. 10%+ owner and company insider (initial ownership filing).
29 Oct 2010capital raising announcement● NeutralMajor
On October 26, 2010 Crimson sold 4,250,000 new shares (about 9.9% after the deal) at $5.00 for $21.25M to America Capital Energy Corp (ACEC), a US arm of Shanghai Zhong Rong Property Group. ACEC also holds a 60-day option to buy 1,750,000 new Series I preferred shares for $8.75M, which would convert one-for-one into common (taking ACEC to about 13.4%) and let ACEC appoint a director. Proceeds are for general corporate purposes, including drilling; further dilution if the option is exercised.
16 Sept 2010director interest notice● Neutral
CRIMSON EXPLORATION INC. President & CEO Allan D Keel received 46,300 shares as part of the equity award.
16 Sept 2010director interest notice● Neutral
CRIMSON EXPLORATION INC. Senior VP - Exploration Thomas H Atkins had 5,456 shares withheld for taxes on vesting stock.
16 Sept 2010director interest notice● Neutral
CRIMSON EXPLORATION INC. Senior VP - Engineering Jay S Mengle received 55,000 shares as part of the equity award.
16 Sept 2010director interest notice● Neutral
CRIMSON EXPLORATION INC. Senior VP-Land & Business Dev. Tracy Price had 2,030 shares withheld for taxes on vesting stock.
16 Sept 2010director interest notice● Neutral
CRIMSON EXPLORATION INC. Senior VP - Operations Anthony Carl Isaac received 22,659 shares and a 100,000-share option grant as part of the equity award.
11 Aug 2010quarterly activities report● Neutral
CRIMSON EXPLORATION INC. reported quarterly revenue of $21.5 million for the period ended 2010-06-30.
5 Aug 2010quarterly activities report● Neutral
CRIMSON EXPLORATION INC. reported quarterly revenue of $21.5 million for the period ended 2010-06-30.
14 June 2010material agreement● Neutral
Effective June 9, 2010 the senior revolver's maturity was extended from May 8, 2011 to January 8, 2012, and its borrowing base was reset to $100.0M from $105M, with only $95M usable until extra hedges are added. The company had $38M drawn at May 31, 2010, so the press release puts availability at $62M; the next review is November 1, 2010. Debt is much lower than the $129.5M outstanding in Nov 2009, following the equity raise.
20 May 2010director interest notice● Neutral
CRIMSON EXPLORATION INC. director Lee B Backsen received 15,823 shares as part of the equity award.
20 May 2010director interest notice● Neutral
CRIMSON EXPLORATION INC. director Ellis L Mccain received 15,823 shares as part of the equity award.