2 Feb 2007securities registration● Neutral
GASTAR EXPLORATION, INC. registered a securities offering with the SEC using its shelf eligibility.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
18 Jan 2007securities registration● Neutral
GASTAR EXPLORATION, INC. filed the final prospectus for a registered offering.
18 Jan 2007securities registration● Neutral
GASTAR EXPLORATION, INC. filed the final prospectus for a registered offering.
17 Jan 2007securities registration● Neutral
GASTAR EXPLORATION, INC. registered additional securities for an offering already underway.
5 Jan 2007substantial holder notice● Neutral
Chesapeake Energy Corporation disclosed a new substantial GASTAR EXPLORATION, INC. shareholding (16.60% of votes).
14 Dec 2006substantial holder notice● Neutral
Ospraie Management, LLC, Ospraie Holding I, L.P., Ospraie Management, Inc., Ospraie Advisors, L.P., Ospraie Advisors, LLC, Dwight Anderson, John Duryea disclosed a new substantial GASTAR EXPLORATION, INC. shareholding (6.40% of votes).
15 Nov 2006capital raising announcement● NeutralMajor
Gastar priced a private placement of 25,000,000 common shares at $2.00 each, about $50.0 million gross and an estimated $47.9 million net, to fund drilling in East Texas, Wyoming and Southeastern Australia and for general corporate purposes. Chesapeake, which first invested in November 2005, took part using its preferential right and is expected to own about 16.6% afterwards. Existing shareholders are diluted; the issue price of $2.00 compares with the CDN$4.50 per-share value used in the March 2006 GeoStar issuance (different currency, so not directly comparable).
What it means for a shareholder
25.0m new shares at $2.00 to raise about $50.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
15 Nov 2006director interest notice● Neutral
GASTAR EXPLORATION, INC. 10%+ owner Chesapeake Energy Corp bought 5,000,000 shares on the open market at $2.00.
15 Nov 2006securities registration● Neutral
GASTAR EXPLORATION, INC. filed the final prospectus for a registered offering.
15 Aug 2006securities registration● Neutral
GASTAR EXPLORATION, INC. filed the final prospectus for a registered offering.
26 July 2006director interest notice● Neutral
GASTAR EXPLORATION, INC. 10%+ owner Geostar Corp sold 1,416,742 shares at $3.00.
18 July 2006director interest notice● Neutral
GASTAR EXPLORATION, INC. director Thomas L Crow received a stock option grant for 300,000 shares.
18 July 2006director interest notice● Neutral
GASTAR EXPLORATION, INC. director Richard Kapuscinski received a stock option grant for 300,000 shares.
18 July 2006director interest notice● Neutral
GASTAR EXPLORATION, INC. Chief Financial Officer & VP Michael A Gerlich received a stock option grant for 300,000 shares.
18 July 2006director interest notice● Neutral
GASTAR EXPLORATION, INC. director Abdel F Badwi received a stock option grant for 500,000 shares.
18 July 2006director interest notice● Neutral
GASTAR EXPLORATION, INC. Chief Executive Officer & Pres J Russell Porter received a stock option grant for 1,000,000 shares.
17 July 2006director interest notice● Neutral
GASTAR EXPLORATION, INC. director Richard Kapuscinski disposed of 146,833 shares via option/appreciation-right settlement.
12 May 2006securities registration● Neutral
GASTAR EXPLORATION, INC. filed the final prospectus for a registered offering.
3 May 2006securities registration● Neutral
GASTAR EXPLORATION, INC. filed the final prospectus for a registered offering.
20 Apr 2006director interest notice● Neutral
GASTAR EXPLORATION, INC. 10%+ owner Geostar Corp sold 1,300,000 shares at $0.00.
13 Apr 2006capital raising announcement● Neutral
On March 31, 2006, Gastar issued 548,128 common shares (0.3% of its shares, valued at $2.1 million at CDN$4.50 per share) to GeoStar to settle post-closing adjustments on the June 2005 purchase of Hilltop (East Texas) and Powder River Basin properties. The filing also includes audited revenue and operating-expense statements for those acquired properties; for 2004 they show gas sales of $3.4 million (in thousands: $3,366) against direct costs of $1.6 million. This continues the GeoStar acquisition thread; GeoStar was already a 10%+ owner.
13 Apr 2006securities registration● Neutral
GASTAR EXPLORATION, INC. amended an already-effective registration statement.
7 Apr 2006director interest notice● Neutral
GASTAR EXPLORATION, INC. Chief Executive Officer & Pres J Russell Porter received a stock option grant for 150,000 shares.
7 Apr 2006director interest notice● Neutral
GASTAR EXPLORATION, INC. Chief Financial Officer & VP Michael A Gerlich received a stock option grant for 100,000 shares.
9 Mar 2006drilling progress report● Neutral
Gastar gave a drilling update on PEL 238 in New South Wales, Australia, where it holds a 35% working interest (partners Eastern Star Gas 32.5% as operator, Hillgrove Resources 32.5%). Drilling of the first of nine new coal seam gas wells began March 7, 2006, with the program expected to run to mid-year and the new wells on production test by mid-2006. Reserves certification is still pending, and gas sales depend on partner agreement on pricing and gathering spending.
24 Jan 2006director interest notice● Neutral
GASTAR EXPLORATION, INC. Chief Financial Officer & VP Michael A Gerlich received a stock option grant for 250,000 shares.
11 Jan 2006director interest notice● Neutral
GASTAR EXPLORATION, INC. Chief Financial Officer & VP Michael A Gerlich bought 5,000 shares on the open market.
10 Jan 2006auditor change● Neutral
Gastar appointed BDO Seidman, LLP as its auditor for the year ending December 31, 2005, replacing BDO Dunwoody LLP, which resigned the same day. The filing says the earlier audit reports had no adverse opinion and there were no disagreements. The company's press release describes BDO Seidman as the U.S. affiliate of BDO Dunwoody and the move as following its becoming a U.S. reporting company.
10 Jan 2006securities registration● Neutral
GASTAR EXPLORATION, INC. amended an already-effective registration statement.
6 Jan 2006director interest notice● Neutral
Thomas Eugene Robinson became a GASTAR EXPLORATION, INC. director and company insider (initial ownership filing).