7 Nov 2013quarterly activities report● Neutral
FX ENERGY INC reported a quarterly net income of $6.5 million for the period ended 2013-09-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
10 Sept 2013auditor change● Neutral
On September 5, 2013 FX Energy dismissed PricewaterhouseCoopers as its auditor and hired Grant Thornton to audit the year ending December 31, 2013. The filing says PwC's reports for 2012 and 2011 were clean and there were no disagreements or reportable events, and the audit committee unanimously approved the change.
8 Aug 2013quarterly activities report▼ Bad
FX ENERGY INC reported a quarterly net loss of $10.6 million for the period ended 2013-06-30.
17 July 2013material agreement▲ GoodMajor
On July 12, 2013 FX Energy finalized a five-year facility of up to $100 million with BNP Paribas (Suisse) and ING Bank, borrowed by its Polish subsidiary, with an initial borrowing base of $65 million. It repays the $55 million Royal Bank of Scotland facility from 2010 and funds production facilities in Poland. Interest is LIBOR plus 3.75% before June 30, 2016 and plus 4% after, with principal reductions starting June 2016. It is secured on the Polish producing properties and guaranteed by the company.
9 May 2013quarterly activities report▼ Bad
FX ENERGY INC reported a quarterly net loss of $11.4 million for the period ended 2013-03-31.
12 Feb 2013substantial holder notice● Neutral
The Vanguard Group reported a FX ENERGY INC shareholding of 2,866,230 shares (5.41% of votes) in a periodic institutional filing.
6 Feb 2013substantial holder notice● Neutral
BlackRock, Inc reported a FX ENERGY INC shareholding of 3,387,818 shares (6.40% of votes) in a periodic institutional filing.
9 Nov 2012quarterly activities report● Neutral
FX ENERGY INC reported a quarterly net income of $2.0 million for the period ended 2012-09-30.
24 Aug 2012securities registration● Neutral
FX ENERGY INC filed a prospectus supplement for an offering off its existing shelf.
24 Aug 2012material agreement● Neutral
On August 24, 2012 FX Energy amended its December 2010 at-the-market sales agreement with MLV & Co. (formerly McNicoll, Lewis & Vlak) so it works under the current shelf registration. The program stays at up to $50 million of stock, with MLV paid up to 3% of the sale price. The filing does not say any shares have been sold.
9 Aug 2012quarterly activities report▼ Bad
FX ENERGY INC reported a quarterly net loss of $12.1 million for the period ended 2012-06-30.
27 July 2012securities registration● Neutral
FX ENERGY INC amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
22 June 2012securities registration● Neutral
FX ENERGY INC registered a securities offering with the SEC using its shelf eligibility.
10 May 2012quarterly activities report● Neutral
FX ENERGY INC reported a quarterly net income of $14.7 million for the period ended 2012-03-31.
13 Feb 2012substantial holder notice● Neutral
BlackRock, Inc reported a FX ENERGY INC shareholding of 3,585,355 shares (6.79% of votes) in a periodic institutional filing.
10 Feb 2012quarterly activities report▼ Bad
FX ENERGY INC reported a quarterly net loss of $10.1 million for the period ended 2011-12-31.
10 Feb 2012substantial holder notice● Neutral
THE VANGUARD GROUP, INC. disclosed a new substantial FX ENERGY INC shareholding (5.03% of votes).
9 Nov 2011quarterly activities report▼ Bad
FX ENERGY INC reported a quarterly net loss of $27.5 million for the period ended 2011-09-30.
20 Sept 2011material agreement termination● Neutral
Shareholders approved the 2011 Incentive Plan on September 15, 2011, and on September 16 the board granted initial awards (636,507 options and 318,254 restricted shares in total). This ends the early-2010 executive royalty plan and rescinds all grants under it, resolving the August relinquishment agreements. The plan covers up to 3,900,000 shares plus shares available under prior plans, and the company intends annual awards of 1.82% of outstanding shares.
12 Aug 2011quarterly activities report● Neutral
FX ENERGY INC reported a quarterly net income of $2.5 million for the period ended 2011-06-30.
10 Aug 2011quarterly activities report● Neutral
FX ENERGY INC reported a quarterly net income of $2.5 million for the period ended 2011-06-30.
10 Aug 2011material agreement● Neutral
On August 9, 2011 FX Energy had its eight executive royalty plan participants sign agreements to give up their interests in the plan adopted in early 2010. This takes effect once shareholders approve a new 2011 Incentive Plan (vote set for September 15, 2011) and initial options are granted by December 31, 2011. The aim is to replace the royalty-based pay with equity awards.
9 Aug 2011quarterly activities report● Neutral
FX ENERGY INC reported a quarterly net income of $2.5 million for the period ended 2011-06-30.
9 May 2011quarterly activities report● Neutral
FX ENERGY INC reported a quarterly net income of $6.5 million for the period ended 2011-03-31.
10 Mar 2011material agreement● NeutralMajor
On March 10, 2011 FX Energy priced a public offering of 6,000,000 shares at $7.00 with Macquarie Capital, plus a 30-day option for 900,000 more. Net proceeds are expected to be about $39.3 million ($45.3 million with the option), to fund part of the 2011 and 2012 capital budget, Polish development and working capital. This is a larger raise than the December 2010 $6.00 offering, and it dilutes existing shareholders. Closing is expected March 15, 2011.
10 Mar 2011securities registration● Neutral
FX ENERGY INC filed the final prospectus for a registered offering.
9 Mar 2011securities registration● Neutral
FX ENERGY INC filed the final prospectus for a registered offering.
4 Feb 2011substantial holder notice● Neutral
BlackRock, Inc reported a FX ENERGY INC shareholding of 2,763,918 shares (6.37% of votes) in a periodic institutional filing.
23 Dec 2010securities registration● Neutral
FX ENERGY INC filed a prospectus supplement for an offering off its existing shelf.
23 Dec 2010material agreement● NeutralMajor
FX Energy set up an at-the-market sales program with McNicoll, Lewis & Vlak (MLV) on December 23, 2010, allowing it to sell up to $50 million of common stock over time at market prices on Nasdaq. MLV's fee is 3% of proceeds up to $30 million and 2% above that. No shares are stated as sold yet, so any dilution depends on how much the company actually sells.