Past year: ▼ 14%(2.74 – 3.62 USD)
Each one in plain English, with the numbers worked through for a shareholder.
9 June 2006material agreement termination● Neutral
Thomas R. Kaetzer, Senior Vice President of Operations, gave notice on June 1, 2006 that he will resign effective June 30, 2006, ending his April 2005 employment agreement (base salary $180,000). The filing says he receives no payments or other compensation on leaving; no successor is named.
6 June 2006director interest notice● Neutral
CRIMSON EXPLORATION INC. 10%+ owner J Virgil Waggoner sold 238,500 shares at $0.85.
27 Mar 2006director interest notice● Neutral
Gregory Phillip Pipkin became a CRIMSON EXPLORATION INC. 10%+ owner and company insider (initial ownership filing).
27 Mar 2006business combination▲ GoodMajor
This re-filed 8-K repeats the March 14, 2006 Core Natural Resources merger terms and adds a March 22, 2006 press release saying the deal has closed. Crimson gets a 100% working interest (75% net revenue interest) in leases on about 22,000 undeveloped acres in Culberson County, Texas, plus a 2% overriding royalty for 77% total. The cash was funded from cash on hand and temporary borrowings under its credit facility. The company says a geologic study should finish by end of 2006, with initial drilling possible in the first half of 2007. This resolves the pending Core merger from the previous filing.
21 Mar 2006business combination● NeutralMajor
On March 14, 2006 Crimson agreed to buy Core Natural Resources, whose assets are mainly two non-producing oil and gas leases in Culberson County, Texas. Consideration is about 3,235,624 Crimson common shares plus cash of $706,123.25 in total, an extra 462,231 shares for an overriding royalty interest, and payoff of $2,045,258 of Core debt. Terms could change after due diligence, so common shareholders face dilution of about 3.7 million shares.
3 Mar 2006director interest notice● Neutral
CRIMSON EXPLORATION INC. SVP, Land/Business Development Tracy Price received 37,000 shares as part of the equity award.
3 Mar 2006director interest notice● Neutral
CRIMSON EXPLORATION INC. Senior V.P. / Engineering Jay S Mengle received 36,000 shares as part of the equity award.
3 Mar 2006director interest notice● Neutral
CRIMSON EXPLORATION INC. Senior VP/Land & Business Dev. Thomas H Atkins received 36,000 shares as part of the equity award.
3 Mar 2006director interest notice● Neutral
CRIMSON EXPLORATION INC. President & CEO Allan D Keel received 80,000 shares as part of the equity award.
3 Mar 2006director interest notice● Neutral
CRIMSON EXPLORATION INC. Senior VP / CFO E Joseph Grady received 73,334 shares as part of the equity award.
1 Mar 2006director interest notice● Neutral
CRIMSON EXPLORATION INC. President & CEO Allan D Keel bought 40,000 shares on the open market.
28 Feb 2006director interest notice● Neutral
CRIMSON EXPLORATION INC. Sr. V.P. / Engineering Jay S Mengle bought 12,500 shares on the open market.
9 Dec 2005securities registration● Neutral
CRIMSON EXPLORATION INC. filed the final prospectus for a registered offering.
2 Dec 2005director interest notice● Neutral
CRIMSON EXPLORATION INC. 10%+ owner J Virgil Waggoner sold 261,500 shares at $1.10.
15 Nov 2005securities registration● Neutral
CRIMSON EXPLORATION INC. filed the final prospectus for a registered offering.
16 Aug 2005securities registration● Neutral
CRIMSON EXPLORATION INC. filed the final prospectus for a registered offering.
27 July 2005securities registration● Neutral
CRIMSON EXPLORATION INC. amended an already-effective registration statement.
22 July 2005director interest notice● Neutral
CRIMSON EXPLORATION INC. director B James Ford disposed of 17,045 shares via option/appreciation-right settlement.
22 July 2005director interest notice● Neutral
CRIMSON EXPLORATION INC. director Skardon F Baker disposed of 17,045 shares via option/appreciation-right settlement.
21 July 2005auditor change▲ GoodMajor
Crimson signed a $100 million senior secured revolving credit facility with Wells Fargo on July 15, 2005. The initial borrowing base is $20 million, it is due June 30, 2008, and $1.5 million was outstanding on July 21, 2005. The same filing reports that Weaver and Tidwell was dismissed as auditor and replaced by Grant Thornton. Weaver and Tidwell's report on the 2003 financials had raised substantial doubt about the company's ability to continue as a going concern; the company says there were no disagreements. It also discloses director pay and indemnification agreements.
5 July 2005material agreement● Neutral
GulfWest merged into its wholly owned Delaware subsidiary Crimson Exploration Inc. on June 29, 2005, simply to move its legal home from Texas to Delaware, and took the Crimson name. Each common and preferred share converted one-for-one, and trading moved to the symbol CXPI on July 1, 2005. The company says there is no material change to its business, assets or financial position. The reincorporation had been promised in connection with the February 2005 sale of $42 million of preferred stock to an Oaktree Capital Management affiliate, according to the attached press release.
10 June 2005director interest notice● Neutral
CRIMSON EXPLORATION INC. director B James Ford received 17,045 shares as part of the equity award.
10 June 2005director interest notice● Neutral
CRIMSON EXPLORATION INC. director Skardon F Baker received 17,045 shares as part of the equity award.
7 June 2005director interest notice● Neutral
CRIMSON EXPLORATION INC. director Lee B Backsen received 17,045 shares as part of the equity award.
7 June 2005director interest notice● Neutral
CRIMSON EXPLORATION INC. director Lon Mccain received 17,045 shares as part of the equity award.
7 June 2005director interest notice● Neutral
Lee B Backsen became a CRIMSON EXPLORATION INC. director and company insider (initial ownership filing).
7 June 2005director interest notice● Neutral
Lon Mccain became a CRIMSON EXPLORATION INC. director and company insider (initial ownership filing).
20 May 2005securities registration● Neutral
CRIMSON EXPLORATION INC. filed the final prospectus for a registered offering.
7 Apr 2005director interest notice● Neutral
Tracy Price became a CRIMSON EXPLORATION INC. Senior VP-Land/Bus.Development and company insider (initial ownership filing).
7 Apr 2005director interest notice● Neutral
Jay S Mengle became a CRIMSON EXPLORATION INC. Senior VP-Engineering and company insider (initial ownership filing).
