27 Sept 2021securities registration● Neutral
EGPI FIRECREEK, INC. filed a Regulation A offering statement.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
2 Feb 2016listing compliance notice▼ BadMajor
EGPI FIRECREEK, INC. deregistered its securities, ending its obligation to file reports with the SEC.
15 Oct 2013debt financing▼ BadMajor
On October 10, 2013 the company learned that counsel for former SATCO owners Joyner and Hall asked to reactivate the case and enter a consent judgment of $288,674.60 against the company and Billy V. Ray Jr. after missed payments on the July 2012 $177,000 settlement. The figure is $400,000 less twice the $111,325.40 paid. The company had made eleven payments of just under $5,000 each and was current through June 2013; its requests for 30-60 more days were refused. The signature block wrongly names Mondial Ventures, Inc., which the amendment above corrects.
15 Oct 2013debt financing▼ BadMajor
This amendment only corrects the company name in the signature block of the October 15, 2013 8-K; the substance is unchanged. That report says the lawsuit by former SATCO owners Jesse Joyner and James Stewart Hall, settled in July 2012 for $177,000 over three years, has gone into default after eleven payments of just under $5,000 each. Their counsel has asked to enter a consent judgment of $288,674.60 against the company and Billy V. Ray Jr., and the company says it may defend and possibly file its own suit. This follows the 2011 sale of SATCO to DAAI; the filing says March 2012, whereas earlier records say March 2011.
15 May 2013late filing notice▼ Bad
EGPI FIRECREEK, INC. notified the SEC that its quarterly report would be filed late.
1 Apr 2013late filing notice▼ Bad
EGPI FIRECREEK, INC. notified the SEC that its annual report would be filed late.
19 Nov 2012quarterly activities report▼ Bad
EGPI FIRECREEK, INC. reported quarterly revenue of $57 thousand and a net loss of $2.3 million for the period ended 2012-09-30.
14 Nov 2012late filing notice▼ Bad
EGPI FIRECREEK, INC. notified the SEC that its quarterly report would be filed late.
14 Nov 2012asset acquisition disposition● NeutralMajor
On October 30, 2012 the company's Energy Producers unit signed a Linear Short Form Agreement with Mondial Ventures (CUBO's nominee) that extends the earlier letter of intent. This one concerns the Whitt-operated Texas leases (50% WI / 32% NRI), not Tubb: Mondial would pay $175,000 (of which $10,000 is received, $165,000 due) for a 3-D seismic study on the Boyette lease in Shackelford County and to buy out the 50% partner interests; Barnett horizontal wells would cost an estimated $750,000 each, with financing terms not yet agreed. Separately, on November 7, 2012 the company approved 2,000,000,000 restricted shares to adviser Steven Antebi, valued at $200,000. The filing does not say whether the July 31, 2012 Mondial closing happened as planned.
13 Sept 2012quarterly activities report▼ Bad
EGPI FIRECREEK, INC. reported quarterly revenue of $57 thousand and a net loss of $2.3 million for the period ended 2012-09-30.
13 Sept 2012quarterly activities report▼ Bad
EGPI FIRECREEK, INC. reported quarterly revenue of $57 thousand and a net loss of $2.3 million for the period ended 2012-09-30.
28 Aug 2012capital raising announcement▼ BadMajor
On August 20, 2012 the company approved Series C preferred share issuances (e.g. 200,000 each to Global Media Network USA, Strategic Partners Consulting, David A. Taylor, BVR, Inc. and Michael Trapp) for services; each Series C share carries 21,200 votes. On August 27, 2012 it approved restricted common issuances to insiders and advisers totalling several billion shares (e.g. 1,550,000,000 to Global Media Network USA, owned by CEO Dennis Alexander), valued at $25,000 to $155,000 each, with a 7-month resale lock-up. The company also amended its articles to increase authorized capital stock, approved by holders of about 86.30% of common; the new authorized amount is cut off in the text. This continues the heavy dilution, and the common issuances are very large relative to the 18 million shares outstanding at Sept 2010 (inference: shareholders are further diluted and insiders gain more control).
20 Aug 2012quarterly activities report▼ Bad
EGPI FIRECREEK, INC. reported quarterly revenue of $57 thousand and a net loss of $2.3 million for the period ended 2012-09-30.
14 Aug 2012late filing notice▼ Bad
EGPI FIRECREEK, INC. notified the SEC that its quarterly report would be filed late.
3 Aug 2012asset acquisition disposition● NeutralMajor
This amendment says the CUBO deal was not finalised as planned; CUBO assigned it to Mondial Ventures, Inc., and a formal closing was set for July 31, 2012. Mondial is to pay $1,150,000 for the Tubb North 40 interests: $700,000 in 14,000,000 Mondial shares plus assumption of $450,000 of liabilities, and a $125,000 private placement of which $80,000 goes to the company for reworking the Crawar #2 well. Dennis Alexander is to become Mondial's President, CEO and director, and Mondial is to fund $1.575 million for a South 40 Ellenburger well. The filing text is cut off, so later terms are not covered.
21 May 2012quarterly activities report▼ Bad
EGPI FIRECREEK, INC. reported quarterly revenue of $19 thousand and a net loss of $841 thousand for the period ended 2012-03-31.
15 May 2012late filing notice▼ Bad
EGPI FIRECREEK, INC. notified the SEC that its quarterly report would be filed late.
30 Mar 2012late filing notice▼ Bad
EGPI FIRECREEK, INC. notified the SEC that its annual report would be filed late.
7 Mar 2012asset acquisition disposition● NeutralMajor
On February 29, 2012 Energy Producers signed a short-form agreement with Success Oil and CUBO Energy, PLC to sell CUBO at least a 37.5% working interest (28.125% net revenue interest) in the J.B. Tubb North 40 acres and wellbores, for $1.15 million in CUBO stock less $450,000 of liabilities CUBO would assume. CUBO would also fund $1.575 million for an Ellenburger well on the South 40, with the company getting a carried 37.5% working interest; a long-form agreement was due by March 15, 2012. This changes the earlier plan that held 75% of the Tubb lease, and it is not final.
15 Nov 2011quarterly activities report▼ Bad
EGPI FIRECREEK, INC. reported quarterly revenue of $50 thousand and a net loss of $1.2 million for the period ended 2011-09-30.
14 Nov 2011late filing notice▼ Bad
EGPI FIRECREEK, INC. notified the SEC that its quarterly report would be filed late.
7 Sept 2011capital raising announcement▼ BadMajor
On August 30, 2011 the company agreed with Southridge Partners II, LP that Southridge will buy up to $55,000,000 of its common stock over 36 months, starting once a registration statement is effective, at 92% of the average of the two lowest closing prices in a five-day window. The company must file the registration statement within 60 days and paid a $20,000 fee by an 8% note due in 6 months. Shareholders face possible further dilution, since shares are sold at a discount to market (inference); nothing has been sold yet.
29 Aug 2011quarterly activities report▼ Bad
EGPI FIRECREEK, INC. reported quarterly revenue of $50 thousand and a net loss of $1.2 million for the period ended 2011-09-30.
17 Aug 2011quarterly activities report▼ Bad
EGPI FIRECREEK, INC. reported quarterly revenue of $50 thousand and a net loss of $1.2 million for the period ended 2011-09-30.
15 Aug 2011late filing notice▼ Bad
EGPI FIRECREEK, INC. notified the SEC that its quarterly report would be filed late.
23 May 2011quarterly activities report▼ Bad
EGPI FIRECREEK, INC. reported quarterly revenue of $36 thousand and a net loss of $463 thousand for the period ended 2011-06-30.
13 May 2011late filing notice▼ Bad
EGPI FIRECREEK, INC. notified the SEC that its quarterly report would be filed late.
13 May 2011asset acquisition disposition▼ BadMajor
On May 9, 2011 the company and Energy Producers issued a $210,000 note to TWL Investments at 14% interest, maturing May 9, 2013 with monthly principal payments starting June 9, 2011, secured by the A.J. Tubb leasehold in Ward County, Texas, with an option for TWL to purchase it on default. On May 10 it also signed a Turnkey Rework Agreement with Success Oil, which for $165,162.36 (paid through escrow) will rework the Crawar #1 and J.B. Tubb #18-1 wells; this follows the March 2011 Tubb deal, and the company now has secured debt against those leases.
31 Mar 2011late filing notice▼ Bad
EGPI FIRECREEK, INC. notified the SEC that its annual report would be filed late.
22 Mar 2011asset acquisition disposition● Neutral
This is a clarifying amendment to the October 2010 Terra Telecom filing, removing a sentence so the agreement is described only as a Securities Purchase / Exchange Agreement. It adds no new financial terms. The Terra business was reported sold days earlier, on March 14, 2011.