15 Nov 2002securities registration● Neutral
GASCO ENERGY INC amended an already-effective registration statement.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
15 Oct 2002substantial holder notice● Neutral
Richard C. McKenzie, Jr., Margaret Byrne McKenzie reported a GASCO ENERGY INC shareholding of 5,126,000 shares (12.30% of votes) in a periodic institutional filing.
19 Sept 2002substantial holder notice● Neutral
Richard C. McKenzie, Jr., Margaret Byrne McKenzie reported a GASCO ENERGY INC shareholding of 3,687,400 shares (8.80% of votes) in a periodic institutional filing.
12 Sept 2002securities registration● Neutral
GASCO ENERGY INC filed the final prospectus for a registered offering.
28 Aug 2002substantial holder notice● Neutral
Richard C. McKenzie, Jr., Margaret Byrne McKenzie disclosed a new substantial GASCO ENERGY INC shareholding (7.00% of votes).
27 Aug 2002securities registration● Neutral
GASCO ENERGY INC registered a securities offering with the SEC.
31 July 2002asset acquisition disposition● NeutralMajor
On July 16, 2002 Gasco sold Brek Energy and other shareholders 25% of its working interests in its undeveloped acreage, taking back 6,250,000 common shares and 500 preferred shares. This eliminated all preferred stock (convertible into 4,750,000 common shares) and its preferential voting rights, leaving 35,188,800 common shares outstanding. Brek holds no Gasco equity afterwards, its president Gregory Pek left the board, and Brek has an option to buy another 5% of the acreage for $10.5 million in two installments by January 2004 and 2005.
13 May 2002substantial holder notice● Neutral
Shama Zoe Limited Partnership, Gilman A. Hill reported a GASCO ENERGY INC shareholding of 9,500,000 shares (22.89% of votes) in a periodic institutional filing.
9 May 2002substantial holder notice● Neutral
Shama Zoe Limited Partnership, Gilman A. Hill disclosed a new substantial GASCO ENERGY INC shareholding (29.74% of votes).
7 May 2002asset acquisition disposition● NeutralMajor
On May 1, 2002 Gasco acquired oil and gas leases covering 62,276 net acres in Sublette County, Wyoming (Greater Green River Basin) from Shama Zoe Limited Partnership for 9,500,000 newly issued shares, valued at $18,525,000 at $1.95 a share. This replaced a February 2002 option to buy for $12,000,000 cash, and the seller's carried interest on wells was reduced, falling to 0% after the first 50 wells. Shareholders were diluted by the share issue. Officer Howard Sharpe is expected to get a $300,000 bonus and options, and he and his wife own a 0.42% stake in the seller.
18 Dec 2001auditor change● Neutral
Amendment to the October 29, 2001 auditor report. The only substantive additions are that Wheeler Wasoff was dismissed and that there were no disagreements in the two most recent fiscal years. The Deloitte engagement and going-concern wording are otherwise unchanged.
2 Nov 2001auditor change● Neutral
Gasco's board engaged Deloitte & Touche to audit 2001 because its stock purchase agreement with First Ecom.com requires using the same auditor as First Ecom. The earlier auditor, Wheeler Wasoff, had no disagreements with the company, but its reports for 1999 and 2000 included a going-concern uncertainty paragraph.
28 Aug 2001substantial holder notice● Neutral
Mark Erickson disclosed a new substantial GASCO ENERGY INC shareholding (12.50% of votes).
21 Aug 2001substantial holder notice● Neutral
Marc Bruner disclosed a new substantial GASCO ENERGY INC shareholding (12.20% of votes).
14 Aug 2001late filing notice▼ Bad
GASCO ENERGY INC notified the SEC that its quarterly report would be filed late.
16 May 2001late filing notice▼ Bad
GASCO ENERGY INC notified the SEC that its quarterly report would be filed late.
16 Apr 2001asset acquisition disposition● NeutralMajor
Amendment No. 4 to the January 31, 2001 report: the company (then San Joaquin Resources Inc.) bought Pannonian Energy in an all-stock merger completed March 30, 2001, with each Pannonian share swapped for about 1.74 company shares (14,000,000 shares issued, 24,050,000 outstanding afterwards). It renamed itself Gasco Energy, now trades as GASE on the OTC Bulletin Board, and Pannonian's leaders (Marc Bruner, Mark Erickson, Howard Sharpe) took over the board and management. Pannonian's Riverbend Project in Utah's Uinta Basin (over 30,000 acres, with a joint venture with Phillips Petroleum) is its only asset at closing, and drilling depends on funding that the filing links to a financing agreement with Wet Coast Management.
30 Mar 2000late filing notice▼ Bad
GASCO ENERGY INC notified the SEC that its annual report would be filed late.