30 Apr 2013director interest notice● Neutral
EFLO ENERGY, INC. director Henry Edmond Aldorf bought 8,500 shares on the open market at $1.36.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
26 Apr 2013director interest notice● Neutral
EFLO ENERGY, INC. President James Andrew Hutton bought 1,700 shares on the open market at $1.60.
25 Apr 2013director interest notice● Neutral
EFLO ENERGY, INC. director Henry Edmond Aldorf bought 10,000 shares on the open market at $1.37.
24 Apr 2013director interest notice● Neutral
EFLO ENERGY, INC. President James Andrew Hutton bought 8,300 shares on the open market.
15 Apr 2013quarterly activities report▼ Bad
EFLO ENERGY, INC. reported a quarterly net loss of $1.2 million for the period ended 2013-02-28.
8 Feb 2013agm notice● Neutral
EFLO ENERGY, INC. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
17 Jan 2013director interest notice● Neutral
H Wayne Hamal became a EFLO ENERGY, INC. Chief Operating Officer and company insider (initial ownership filing).
14 Jan 2013quarterly activities report● Neutral
EFLO ENERGY, INC. reported quarterly revenue of $50 thousand and net income of $6.5 million for the period ended 2012-11-30.
28 Dec 2012asset acquisition disposition▼ Bad
This amendment adds financial information for the October 17, 2012 Nahanni purchase and does not report a new deal. Audited figures for the Nahanni Kotaneelee properties show revenue of $731,572 for the year ended August 31, 2012 (versus $1,220,513 in 2011) and revenue net of costs of -$452,819 (versus -$60,360). The filing says these figures leave out several costs (such as depreciation, cleanup obligations and general expenses) and are not a full profit picture. It also restates the combined Kotaneelee stake as 53.65%, versus 53.67% in earlier filings.
28 Nov 2012director interest notice● Neutral
Henry Edmond Aldorf became a EFLO ENERGY, INC. director and company insider (initial ownership filing).
28 Nov 2012director interest notice● Neutral
EFLO ENERGY, INC. director Henry Edmond Aldorf received 50,000 shares and a 200,000-share option grant as part of the equity award.
22 Oct 2012asset acquisition disposition● NeutralMajor
On October 17, 2012 the company closed the Nahanni purchase, paying CAD$400,000 cash plus subsidiary shares exchangeable into 1,614,767 shares of its restricted stock, and taking on Nahanni's share of cleanup liabilities, which early estimates put at USD$9-10 million. With the earlier Devon deal, it now generally owns a 53.67% interest in the Kotaneelee assets. It also sold 1,000,000 shares at $1.20 on October 18 for $1,200,000 gross. This resolves the Nahanni thread; the exchangeable and new shares add to the share count.
10 Oct 2012director interest notice● Neutral
Pacific Lng Operations LTD. became a EFLO ENERGY, INC. 10%+ owner and company insider (initial ownership filing).
10 Oct 2012substantial holder notice● Neutral
Pacific LNG Operations, Ltd. disclosed a new substantial EFLO ENERGY, INC. shareholding (24.00% of votes).
27 Sept 2012asset acquisition disposition● Neutral
This amendment adds financial information for the July 2012 Devon Kotaneelee purchase and does not report a new deal. Audited figures show revenue of $2,685,631 in 2011 and $3,197,096 in 2010, with revenue net of costs of $315,950 and $824,372. The unaudited first six months of 2012 show revenue of $720,579 and a loss on that measure of $120,258, against a gain of $286,235 a year earlier. The filing notes these figures leave out several costs and are not a full profit picture.
20 Sept 2012material agreement● NeutralMajor
On September 14, 2012 the company signed a conditional agreement to buy Nahanni's 30.664% interest in the Kotaneelee lands for CAD$400,000 cash plus CAD$4.1 million in shares of a subsidiary exchangeable into the company's restricted stock. It would also take on Nahanni's share of cleanup liabilities, which early estimates put at USD$9-10 million. This turns the July letter of intent into a signed deal; closing was expected in early October 2012 and would bring the company's stake to about 53.67%, subject to conditions including Nahanni shareholder approval.
30 Aug 2012director interest notice● Neutral
EFLO ENERGY, INC. director Eric C Prim received 50,000 shares and a 150,000-share option grant as part of the equity award.
30 Aug 2012director interest notice● Neutral
EFLO ENERGY, INC. Chief Executive Officer Keith Elliott Macdonald received 50,000 shares and a 200,000-share option grant as part of the equity award.
30 Aug 2012director interest notice● Neutral
EFLO ENERGY, INC. director K James Ebeling received 50,000 shares and a 150,000-share option grant as part of the equity award.
30 Aug 2012director interest notice● Neutral
EFLO ENERGY, INC. Chief Financial Officer Robert Wesolek received 50,000 shares and a 200,000-share option grant as part of the equity award.
8 Aug 2012capital raising announcement● Neutral
Between July 10 and August 7, 2012 the company sold 1,275,001 shares at $1.20 each to nine accredited investors, raising $1,530,000 gross and paying $53,550 in finder's fees. This continues the 2012 private fundraising and adds to the share count.
What it means for a shareholder
1.3m new shares at $1.20 to raise about $1.5m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held $1,000 of shares (833 at the issue price), your slice goes from 0.00974% to 0.00847% of the company. To keep it you'd need 124 more shares - about $149 at the issue price.
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31 July 2012agm notice● Neutral
EFLO ENERGY, INC. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
30 July 2012director interest notice● Neutral
EFLO ENERGY, INC. CEO Keith Elliott Macdonald bought 147,361 shares on the open market.
30 July 2012director interest notice● Neutral
EFLO ENERGY, INC. 10%+ owner Holloman Value Holdings, LLC bought 3,250,000 shares on the open market at $1.20.
24 July 2012asset acquisition disposition● NeutralMajor
On July 18, 2012 the company completed the Devon Canada purchase of the Kotaneelee Gas Project interest (22.989% generally), paying CAD$293,700 in cash and taking on Devon's share of abandonment and cleanup liabilities, which early estimates put at USD$7-8 million. Holloman Corporation provided the CAD$10 million guarantee for 3,250,000 shares, and Pacific LNG Operations provided the letters of credit for 4,000,000 shares, so existing holders are diluted by those issuances. The filing also discloses a July 7 letter of intent to buy Nahanni Energy's 30.664% interest for CAD$400,000 cash plus CAD$4.1 million in shares, and small share sales and a share issue of 122,312 to settle $146,774 of accrued consulting fees owed to an entity controlled by the CEO.
16 July 2012quarterly activities report▼ Bad
EFLO ENERGY, INC. reported a quarterly net loss of $158 thousand for the period ended 2012-05-31.
9 July 2012director interest notice● Neutral
James Andrew Hutton became a EFLO ENERGY, INC. President and company insider (initial ownership filing).
9 July 2012director interest notice● Neutral
EFLO ENERGY, INC. President James Andrew Hutton bought 700,000 shares on the open market.
5 July 2012capital raising announcement● NeutralMajor
On June 29, 2012 the company signed a conditional deal with Devon Canada to buy its 22.989% working interest in the Kotaneelee area of the Yukon (including a 69.337% interest in one producing gas well, about 3.5 MMCFD) for CAD$270,000 in cash plus taking on Devon's share of cleanup liabilities, which early estimates put at USD$7-8 million. This follows through on the Kotaneelee offer first disclosed in April 2011. The deal needs a CAD$10 million guarantee, expected from largest shareholder Holloman Corporation for 3,250,000 shares, and CAD$5 million of letters of credit, expected from Pacific LNG Operations for 4,000,000 shares; PLNG's president Henry Aldorf is the company's Chairman. Closing was scheduled for July 18, 2012 and depended on financing and other conditions. The filing also reports a further 575,000 shares sold at $1.20 for $690,000.
What it means for a shareholder
575,000 new shares at $1.20 to raise about $690,000. That's 7.3% dilution: every existing holder's slice gets 7.3% smaller. If you held $1,000 of shares (833 at the issue price), your slice goes from 0.0115% to 0.0106% of the company. To keep it you'd need 66 more shares - about $79 at the issue price.
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29 June 2012capital raising announcement● Neutral
Between June 25 and 28, 2012 the company sold 675,000 shares at $1.20 each to six accredited investors, raising $810,000 gross and paying $28,350 in finder's fees. This adds new shares to the count, and is the start of a mid-2012 funding round.
What it means for a shareholder
675,000 new shares at $1.20 to raise about $810,000. That's 8.5% dilution: every existing holder's slice gets 8.5% smaller. If you held $1,000 of shares (833 at the issue price), your slice goes from 0.0115% to 0.0105% of the company. To keep it you'd need 77 more shares - about $92 at the issue price.
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