15 Nov 2004late filing notice▼ Bad
EGPI FIRECREEK, INC. notified the SEC that its quarterly report would be filed late.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
8 Nov 2004capital raising announcement● Neutral
The company approved issuing 175,000 restricted common shares to consultant Connie Tomlin for advisory services, valued at $14,875. This is a small issuance of new shares; it is also the first filing under the EGPI Firecreek name.
30 Sept 2004capital raising announcement▼ Bad
On September 26, 2004 the company approved issuing 1,350,000 restricted common shares in total to seven non-insiders, including Greig and Robert Wright, Peter Wojcik, Roger Edwardes, Larry Trapp, Tom Richards and John Brigandi (the filing gives no share count for Brigandi's row, the 1,350,000 is the sum of the stated rows plus his 150,000). The shares were for marine franchise operations, advisory work and loans/other services, with stated value of $108,000 for the group. This adds modest dilution.
16 Sept 2004capital raising announcement▼ BadMajor
This amendment lists who gets the shares for the Firecreek Petroleum purchase announced in June 2004: 14,000,000 restricted common shares and 2,566,831 Series A preferred (the filing corrects the earlier 2,565,831 figure as a typo), all held in escrow pending the Firecreek audit or board-confirmed progress. It also records July 1, 2004 board approvals, dated Aug 2, 2004, of bonus common shares (1,000,000 each to Taylor, Merritt, Faulder, Siller, Gregg Fryett and Dennis Alexander, 450,000 to Michael Norman), 9,500,000 new Series B preferred shares to officers, directors and others, and options on 2,000,000 shares each (1,000,000 for Barker) at $0.70 expiring 2/9/2009. Existing shareholders face further dilution from these issuances (inference from the share counts); the filing says $517,000 of value went to bonuses and advisory services.
11 Aug 2004director interest notice● Neutral
Norman Michael became a EGPI FIRECREEK, INC. director and company insider (initial ownership filing).
9 Aug 2004director interest notice● Neutral
Faulder George B IV became a EGPI FIRECREEK, INC. Vice President and company insider (initial ownership filing).
9 Aug 2004director interest notice● Neutral
Barker James M Jr. became a EGPI FIRECREEK, INC. Vice President and company insider (initial ownership filing).
9 Aug 2004director interest notice● Neutral
Taylor John R became a EGPI FIRECREEK, INC. President and company insider (initial ownership filing).
9 Aug 2004director interest notice● Neutral
Mousa Hawamdah became a EGPI FIRECREEK, INC. Vice President and company insider (initial ownership filing).
9 Aug 2004director interest notice● Neutral
Merritt William E became a EGPI FIRECREEK, INC. Executive Vice President and company insider (initial ownership filing).
16 July 2004asset acquisition disposition● NeutralMajor
On June 29, 2004 the company agreed to acquire all of Firecreek Petroleum, Inc., a private Delaware company with a Romanian subsidiary (Firecreek Petroleum Romania Srl), for 14,000,000 restricted common shares plus 2,565,831 new Series A preferred shares, with more securities specified in the agreement; closing was estimated for about July 31, 2004 and accounting effective July 1, 2004. Holders of about 60% of the roughly 43,391,668 shares outstanding consented on June 17, 2004. The board and officers were reshuffled (Dennis Alexander as Chairman and CFO, Gregg Fryett as CEO, John R. Taylor as President), a name change to EGPI\Firecreek, Inc. was approved but not yet filed, and the share consideration is held in escrow until Firecreek receives a signed MOU with Libya's National Oil Council. Firecreek plans to set up operations in Libya. Existing shareholders face dilution from the new shares (inference from the share counts).
26 Apr 2004director interest notice● Neutral
Peter Fryett became a EGPI FIRECREEK, INC. director and company insider (initial ownership filing).
31 Mar 2004director interest notice● Neutral
EGPI FIRECREEK, INC. CEO Gregg Fryett bought 1,000,000 shares on the open market at $0.16.
30 Mar 2004late filing notice▼ Bad
EGPI FIRECREEK, INC. notified the SEC that its annual report would be filed late.
29 Mar 2004auditor change● Neutral
The company named Donahue Associates, L.L.C. of Monmouth Beach, New Jersey as its new principal accountant on March 26, 2004, replacing Schiffer, and attached Schiffer's letter to the SEC. It repeated that its 2003 annual report and the IGH financial statements would probably be delayed. This continues the auditor change.
23 Mar 2004auditor change▼ BadMajor
The company's auditor, Henry Schiffer, C.P.A., resigned on March 19, 2004 after telling the company that the PCAOB had notified him the SEC would no longer accept his statements. The company was seeking a replacement and said its 2003 annual report (due March 30, 2004) would probably be late, and the IGH financial statements and amended information statement would also be delayed. The filing states there were no disagreements with the auditor.
18 Feb 2004director interest notice● Neutral
Dennis Alexander became a EGPI FIRECREEK, INC. President and company insider (initial ownership filing).
17 Feb 2004director interest notice● Neutral
Dj & Sm Kronenberg Family Limited Liability L P became a EGPI FIRECREEK, INC. 10%+ owner and company insider (initial ownership filing).
17 Feb 2004director interest notice● Neutral
Mel Herzog became a EGPI FIRECREEK, INC. Former Chairman & CEO and company insider (initial ownership filing).
17 Feb 2004asset acquisition disposition● Neutral
Second amendment to the IGH filing: the expected date for completing the share transfer moves from December 20, 2003 to February 20, 2004, with the terms (17,051,156 shares issued; 52.29%/47.71% split) unchanged. The company says IGH's UK accountants have finished their work and the required financial statements should follow within 15 days; the IGH deal remains uncompleted.
17 Feb 2004director interest notice● Neutral
Dennis Alexander became a EGPI FIRECREEK, INC. President and company insider (initial ownership filing).
13 Feb 2004director interest notice● Neutral
EGPI FIRECREEK, INC. Secretary Melvena Alexander sold 25,000 shares at $0.16.
13 Feb 2004director interest notice● Neutral
Larry W Trapp became a EGPI FIRECREEK, INC. former Treasurer as of 1/26/04 and company insider (initial ownership filing).
13 Feb 2004director interest notice● Neutral
Melvena Alexander became a EGPI FIRECREEK, INC. Secretary and company insider (initial ownership filing).
12 Feb 2004director interest notice● Neutral
Thomas J Richards became a EGPI FIRECREEK, INC. company insider (initial ownership filing).
11 Feb 2004director interest notice● Neutral
EGPI FIRECREEK, INC. Former CEO & Chairman Mel Herzog sold 100,000 shares at $0.10.
21 Jan 2004director interest notice● Neutral
Gregg Fryett became a EGPI FIRECREEK, INC. director and company insider (initial ownership filing).
13 Jan 2004director interest notice● Neutral
Gregg Fryett became a EGPI FIRECREEK, INC. director and company insider (initial ownership filing).
13 Jan 2004asset acquisition disposition▼ BadMajor
On December 24, 2003 the company sold all its interests in oil leases in Young County, Texas (ten wells, nine producing, 87.5% working interest) to Summitt Oil and Gas, Inc. in exchange for Summitt assuming about $812,488 of debts tied to the property. Separately, it said a December 15, 2003 stock purchase agreement under which Camden Holdings, Inc. was to provide $3,000,000 of financing was null and void because Camden was in material default (it was due to provide $50,000 at the December 24 closing).
2 Jan 2004director interest notice● Neutral
EGPI FIRECREEK, INC. Secretary Melvena Alexander sold 25,000 shares at $0.16.