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Escalera Resources Co.

US:ESCR_oldUS:ESCSQUS:ESCRP
No current share price held for this company.

Past year: ▼ 100%(0.00c – 0.01c USD)

Market cap
—
Shares on issue
—
Story beats
24 since 2006
Last event
24 Nov 2015

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

3 Feb 2014substantial holder notice● Neutral

CrossCap Management, Inc, H. Mark Crosswell, CrossCap Energy SSF, L.P, CrossCap General Partners, L.P, CrossCap Energy QP SSF, L.P, CrossCap Enhanced GP, L.P disclosed a new substantial Escalera Resources Co. shareholding (7.50% of votes).

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7 Nov 2013quarterly activities report▼ Bad

Escalera Resources Co. reported quarterly revenue of $9.1 million and a net loss of $1.9 million for the period ended 2013-09-30.

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7 Nov 2013quarterly activities report▼ Bad

Escalera Resources Co. reported quarterly revenue of $9.1 million and a net loss of $1.9 million for the period ended 2013-09-30.

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8 Aug 2013quarterly activities report● Neutral

Escalera Resources Co. reported quarterly revenue of $13.3 million and net income of $361 thousand for the period ended 2013-06-30.

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9 May 2013quarterly activities report▼ Bad

Escalera Resources Co. reported quarterly revenue of $5.7 million and a net loss of $5.2 million for the period ended 2013-03-31.

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9 May 2013quarterly activities report▼ Bad

Escalera Resources Co. reported quarterly revenue of $5.7 million and a net loss of $5.2 million for the period ended 2013-03-31.

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8 Nov 2012quarterly activities report▼ Bad

Escalera Resources Co. reported quarterly revenue of $5.9 million and a net loss of $3.6 million for the period ended 2012-09-30.

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8 Nov 2012quarterly activities report▼ Bad

Escalera Resources Co. reported quarterly revenue of $5.9 million and a net loss of $3.6 million for the period ended 2012-09-30.

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21 Aug 2012material agreement▲ GoodMajor

On August 16, 2012 the company agreed to buy Anadarko's gas producing assets in the Atlantic Rim area of the Eastern Washakie Basin, adding to its Catalina Unit and Spy Glass Hill Unit interests. The price is expected to be roughly $6 million to $17 million depending on whether other owners use preferential purchase rights, with closing expected in September 2012. It also agreed to buy WGR Asset Holding's 50% interest in gas gathering pipelines in Spy Glass Hill for up to $4 million, which will not happen if the other pipeline owner exercises its 60-day purchase right; closing is expected in Q4 2012.

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9 Aug 2012quarterly activities report▼ Bad

Escalera Resources Co. reported quarterly revenue of $5.2 million and a net loss of $4.0 million for the period ended 2012-06-30.

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9 Aug 2012quarterly activities report▼ Bad

Escalera Resources Co. reported quarterly revenue of $5.2 million and a net loss of $4.0 million for the period ended 2012-06-30.

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3 May 2012quarterly activities report● Neutral

Escalera Resources Co. reported quarterly revenue of $13.0 million and net income of $328 thousand for the period ended 2012-03-31.

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3 May 2012quarterly activities report● Neutral

Escalera Resources Co. reported quarterly revenue of $13.0 million and net income of $328 thousand for the period ended 2012-03-31.

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3 Nov 2011quarterly activities report● Neutral

Escalera Resources Co. reported quarterly revenue of $18.0 million and net income of $3.8 million for the period ended 2011-09-30.

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3 Nov 2011quarterly activities report● Neutral

Escalera Resources Co. reported quarterly revenue of $18.0 million and net income of $3.8 million for the period ended 2011-09-30.

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26 Oct 2011debt financing▲ GoodMajor

Effective October 24, 2011 a third amendment extended the credit facility's maturity to October 24, 2016 and doubled the total facility from $75 million to $150 million. The borrowing base stays at $60 million, interest margin tiers are lowered, and a $260,000 structuring fee was paid. This pushes out the earlier January 2013 maturity.

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24 Aug 2011securities registration● Neutral

Escalera Resources Co. filed the final prospectus for a registered offering.

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24 Aug 2011material agreement● Neutral

On August 23, 2011 the company signed an agreement with McNicoll, Lewis & Vlak LLC (MLV) allowing it to sell up to $20 million of new common stock on the market over time, with MLV paid a 3% commission. The company is not obliged to sell any shares, so any sales would dilute existing holders only if made (inference).

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4 Aug 2011quarterly activities report● Neutral

Escalera Resources Co. reported quarterly revenue of $14.9 million and net income of $2.2 million for the period ended 2011-06-30.

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4 Aug 2011quarterly activities report● Neutral

Escalera Resources Co. reported quarterly revenue of $14.9 million and net income of $2.2 million for the period ended 2011-06-30.

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5 May 2011quarterly activities report▼ Bad

Escalera Resources Co. reported quarterly revenue of $11.1 million and a net loss of $152 thousand for the period ended 2011-03-31.

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5 May 2011quarterly activities report▼ Bad

Escalera Resources Co. reported quarterly revenue of $11.1 million and a net loss of $152 thousand for the period ended 2011-03-31.

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10 Mar 2011debt financing▲ Good

Effective March 7, 2011 a second amendment raised the borrowing base from $55 million to $60 million, added U.S. Bank as a lender, and removed the 4.5% interest rate floor. Maturity remains January 31, 2013. This adds capacity and drops the interest floor set in February 2010.

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28 Oct 2010quarterly activities report● Neutral

Escalera Resources Co. reported quarterly revenue of $16.2 million and net income of $2.9 million for the period ended 2010-09-30.

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28 Oct 2010quarterly activities report● Neutral

Escalera Resources Co. reported quarterly revenue of $16.2 million and net income of $2.9 million for the period ended 2010-09-30.

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9 Aug 2010debt financing▲ Good

Effective August 6, 2010 the company amended its February 2010 credit agreement, raising the borrowing base from $45 million to $55 million. The maturity stays January 31, 2013. This gives more borrowing capacity under the same facility.

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5 Aug 2010quarterly activities report▼ Bad

Escalera Resources Co. reported quarterly revenue of $9.4 million and a net loss of $889 thousand for the period ended 2010-06-30.

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5 Aug 2010quarterly activities report▼ Bad

Escalera Resources Co. reported quarterly revenue of $9.4 million and a net loss of $889 thousand for the period ended 2010-06-30.

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10 Feb 2010securities registration● Neutral

Escalera Resources Co. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.

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9 Feb 2010debt financing▲ GoodMajor

On February 5, 2010 Double Eagle signed an Amended and Restated Credit Agreement with Bank of Oklahoma and other lenders, extending the credit facility's maturity from July 31, 2010 to January 31, 2013. The facility stays at $75 million with a $45 million current credit line (borrowing base). This replaces the 2009 agreement, and Petrosearch Energy (acquired in August 2009) now guarantees the loans alongside Eastern Washakie Midstream. A $450,000 structuring fee was paid, and interest has a 4.50% floor. Key covenants: current ratio 1:1, EBITDAX to interest plus dividends 1.5:1, and funded debt to EBITDAX 3.5:1.

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