23 Apr 2010director interest notice● Neutral
II Loren J O'toole became a Emerald Oil, Inc. director and company insider (initial ownership filing).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
23 Apr 2010director interest notice● Neutral
Emerald Oil, Inc. director Joseph J Lahti received a stock option grant for 100,000 shares.
23 Apr 2010director interest notice● Neutral
Terry Lynn Harris became a Emerald Oil, Inc. director and company insider (initial ownership filing).
23 Apr 2010director interest notice● Neutral
Emerald Oil, Inc. director Brad Berman received a stock option grant for 100,000 shares.
23 Apr 2010director interest notice● Neutral
Emerald Oil, Inc. director Myrna Patterson Mcleroy received a stock option grant for 100,000 shares.
23 Apr 2010director interest notice● Neutral
Emerald Oil, Inc. director II Loren J O'toole received a stock option grant for 100,000 shares.
23 Apr 2010director interest notice● Neutral
Myrna Patterson Mcleroy became a Emerald Oil, Inc. director and company insider (initial ownership filing).
23 Apr 2010director interest notice● Neutral
Emerald Oil, Inc. director Terry Lynn Harris received a stock option grant for 100,000 shares.
22 Apr 2010business combination● NeutralMajor
This filing reports completion of the April 16, 2010 Plains Energy merger and gives Voyager's business description. It states about 97,720 net acres in four areas (6,780 Bakken in North Dakota, 640 Red River, 56,800 Tiger Ridge JV, 33,500 Heath Shale JV), with 8,000 more Bakken acres under contract. It plans about $10 million to take part in Bakken wells in 2010 at an average $4.5 million per well, as a non-operator. The share count is given as 21,761,299 here, which differs from the 21,292,383 in the April 19 filing, and the ante5 spin-off remains pending.
21 Apr 2010director interest notice● Neutral
James Russell Reger became a Emerald Oil, Inc. Chief Executive Officer & Secy and company insider (initial ownership filing).
21 Apr 2010director interest notice● Neutral
Emerald Oil, Inc. CFO & Treasurer Mitchell Raun Thompson received 78,153 shares and a 260,509-share option grant as part of the equity award.
21 Apr 2010director interest notice● Neutral
Mitchell Raun Thompson became a Emerald Oil, Inc. CFO & Treasurer and company insider (initial ownership filing).
21 Apr 2010director interest notice● Neutral
Emerald Oil, Inc. Chief Executive Officer & Secy James Russell Reger received 521,017 shares and a 1,302,542-share option grant as part of the equity award.
19 Apr 2010business combination● NeutralMajor
On April 16, 2010 ante4 merged with Plains Energy Investments, a private oil and gas explorer, and renamed itself Voyager Oil & Gas, Inc. (per the press release, it trades on the OTCBB). Plains holders received 21,292,383 Voyager shares per this filing (the press release says 21,761,299) plus 4,689,153 warrants, while existing stockholders keep 21,292,333 shares. Before the merger the leftover World Poker Tour assets were moved into a new subsidiary, ante5, Inc., to be spun off to stockholders of record on April 15, 2010; ante5 must indemnify Voyager up to $2.5 million. J.R. Reger becomes CEO, with Lipscomb and the Bermans staying as directors. This turns the former poker company into an oil and gas company, with about 98,000 net acres in the Williston Basin and Montana, and the merger agreement obligated delivery of $28 million of cash.
8 Jan 2010listing compliance notice● NeutralMajor
Emerald Oil, Inc.'s exchange filed to remove a class of its securities from listing.
23 Dec 2009listing compliance notice▼ BadMajor
On December 17, 2009 Nasdaq staff told ante4 it is a public shell because it has no active business, and said trading would be suspended on December 29, 2009 and the stock delisted unless the company appealed. The company does not intend to request a hearing, so delisting from Nasdaq is expected. This follows the sale of the operating business to Peerless and replaces the earlier $1.00 bid-price compliance issue.
18 Nov 2009director interest notice● Neutral
Emerald Oil, Inc. director Brad Berman bought 1,268,480 shares on the open market.
12 Nov 2009securities registration● Neutral
Emerald Oil, Inc. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
6 Nov 2009asset acquisition disposition● NeutralMajor
On November 2, 2009 the company closed the sale of substantially all its operating assets (except cash, investments and certain excluded assets) to Peerless Media for $12.3 million in cash, plus a revenue share with a minimum of $3 million over three years. This completes the deal pending since August. Following the stockholder vote on October 30, it changed its name to ante4, Inc. on November 4, and terminated General Counsel Adam Pliska and Managing Director Rohin Malhotra on November 2.
3 Nov 2009securities registration● Neutral
Emerald Oil, Inc. registered a securities offering with the SEC using its shelf eligibility.
14 Oct 2009material agreement● Neutral
This is Amendment No. 2 to the July 29 8-K and replaces the earlier versions. It repeats the August 3, 2009 European sponsorship deal and the earnings adjustment (cost of revenues down $247,000, income tax expense up $44,000 for the three and six months to June 28, 2009), with no new figures or developments.
2 Oct 2009business combination● NeutralMajor
The company filed its final proxy statement for an October 30, 2009 special meeting on the Peerless Media asset sale, replacing the September draft. Stockholders of record on September 10, 2009 (20,603,333 shares outstanding) vote on the sale, a name change to ante4, Inc. after closing, and a possible adjournment of up to 30 days. The sale needs a majority of all outstanding shares, so not voting counts against; the board unanimously recommends FOR all three. This fills in the meeting and record dates that were blank in the preliminary proxy.
10 Sept 2009director interest notice● Neutral
John Simonelli became a Emerald Oil, Inc. Chief Financial Officer and company insider (initial ownership filing).
1 Sept 2009business combination● NeutralMajor
The company filed a preliminary proxy statement for a special meeting where stockholders will vote on the Peerless Media asset sale (valued at $13.8 million for fee purposes, with at least $3 million of that from future revenue sharing), a name change after closing (name left blank), and a possible adjournment. Approval needs a majority of all outstanding shares, so not voting counts as a vote against, and the board unanimously recommends FOR. Meeting date and record date are still blank because this is a preliminary draft.
24 Aug 2009material agreement termination● NeutralMajor
On August 24, 2009 the company signed a new asset sale with Peerless Media Ltd. (owned by PartyGaming, its largest customer at 30% of six-month revenue), replacing the July Gamynia deal, which the board terminated August 21 as financially inferior. Peerless pays $12.3 million less certain PartyGaming-affiliate obligations ($1 million up front, rest at closing), plus 5% of future revenue with a guaranteed minimum of $3 million over three years. The company owes Gamynia a $1 million termination fee, still plans to use cash for a non-poker business with no current plan to distribute proceeds, and the deal still needs stockholder approval (about 39% already under voting agreements).
19 Aug 2009director interest notice● Neutral
Emerald Oil, Inc. director Lyle Berman received a stock option grant for 4,000 shares.
19 Aug 2009director interest notice● Neutral
Emerald Oil, Inc. director Joseph Stuart Carson Jr. received a stock option grant for 4,000 shares.
19 Aug 2009director interest notice● Neutral
Emerald Oil, Inc. director Brad Berman received a stock option grant for 4,000 shares.
19 Aug 2009director interest notice● Neutral
Emerald Oil, Inc. director Ray M Moberg received a stock option grant for 4,000 shares.
19 Aug 2009director interest notice● Neutral
Emerald Oil, Inc. director Mimi Rogers received a stock option grant for 4,000 shares.