Past year: ▼ 18%(3.54 – 4.80 USD)
Each one in plain English, with the numbers worked through for a shareholder.
21 Mar 2005capital raising announcement● NeutralMajor
NGS drew another $1.0 million under its $4.8 million senior secured loan facility with Prospect Energy Corporation (14%+ interest), bringing total borrowings to $4.0 million to fund oil and gas acquisitions and development.
15 Feb 2005late filing notice▼ Bad
EVOLUTION PETROLEUM CORP notified the SEC that its quarterly report would be filed late.
8 Feb 2005asset acquisition disposition▲ GoodMajor
NGS secured a $4.8 million loan facility from Prospect Energy Corporation and used part of it to buy the Chadco oil and gas properties in the Tullos Urania and Colgrade fields for $3.0 million, also refinancing Chairman Cagan's earlier bridge loan.
17 Nov 2004material agreement termination▼ Bad
NGS terminated its stock-swap agreement with UK-based Seaside Investments after Seaside failed to secure a London Stock Exchange listing by the deadline, unwinding the planned share exchange and cancelling the escrowed shares.
17 Nov 2004asset acquisition disposition● Neutral
NGS clarified in an amended filing that no separate audited financial statements were required for its 2004 Tullos Urania acquisition, closing out an open disclosure item from the original filing.
16 Nov 2004late filing notice▼ Bad
EVOLUTION PETROLEUM CORP notified the SEC that its quarterly report would be filed late.
28 Oct 2004director interest notice● Neutral
John Pimentel became a EVOLUTION PETROLEUM CORP director and company insider (initial ownership filing).
26 Oct 2004capital raising announcement● Neutral
Natural Gas Systems agreed to a share exchange with UK investment firm Seaside Investments, issuing 1 million NGS shares for up to 1.48 million Seaside shares, contingent on Seaside completing a London Stock Exchange listing.
9 Sept 2004asset acquisition disposition▲ Good
NGS made its first oil and gas acquisition as a newly public company, buying a 100% working interest in producing wells at the Tullos Urania Field in Louisiana for $725,000, partly bridge-financed by Chairman Laird Cagan.
12 July 2004director interest notice● Neutral
Eric A Mcafee became a EVOLUTION PETROLEUM CORP 10%+ owner and company insider (initial ownership filing).
16 June 2004director interest notice● Neutral
Laird Q Cagan became a EVOLUTION PETROLEUM CORP director and company insider (initial ownership filing).
15 June 2004director interest notice● Neutral
Sterling Mcdonald became a EVOLUTION PETROLEUM CORP Chief Financial Officer and company insider (initial ownership filing).
10 June 2004director interest notice● Neutral
Robert S Herlin became a EVOLUTION PETROLEUM CORP President, Chief Exex Officer and company insider (initial ownership filing).
7 June 2004director interest notice● Neutral
Marguerite Mcafee became a EVOLUTION PETROLEUM CORP 10%+ owner and company insider (initial ownership filing).
7 June 2004director interest notice● Neutral
Mcafee Capital, LLC became a EVOLUTION PETROLEUM CORP 10%+ owner and company insider (initial ownership filing).
3 June 2004business combination▲ GoodMajor
Natural Gas Systems (later renamed Evolution Petroleum) became a public company through a reverse merger into shell company Reality Interactive, with NGS shareholders taking over about 96% of the stock and NGS's Robert Herlin becoming CEO. This reverse merger is the origin of the company's public listing.
