27 Jan 2006securities registration● Neutral
GEOGLOBAL RESOURCES INC. filed a prospectus supplement covering resales by selling shareholders.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
17 Jan 2006securities registration● Neutral
GEOGLOBAL RESOURCES INC. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
29 Dec 2005director interest notice● Neutral
GEOGLOBAL RESOURCES INC. director Michael J Hudson exercised stock options for 10,000 shares and disposed of 20,000 shares.
29 Dec 2005director interest notice● Neutral
GEOGLOBAL RESOURCES INC. director Brent James Peters sold 10,000 shares at $13.55.
13 Dec 2005director interest notice● Neutral
GEOGLOBAL RESOURCES INC. director Brent James Peters sold 7,600 shares at $10.67.
13 Dec 2005securities registration● Neutral
GEOGLOBAL RESOURCES INC. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
7 Dec 2005director interest notice● Neutral
GEOGLOBAL RESOURCES INC. director Peter Reginald Smith exercised stock options for 16,500 shares and disposed of 33,000 shares.
30 Nov 2005director interest notice● Neutral
GEOGLOBAL RESOURCES INC. director Peter Reginald Smith exercised stock options for 16,500 shares and disposed of 33,000 shares.
14 Nov 2005late filing notice▼ Bad
GEOGLOBAL RESOURCES INC. notified the SEC that its quarterly report would be filed late.
25 Oct 2005securities registration● Neutral
GEOGLOBAL RESOURCES INC. registered a securities offering with the SEC using its shelf eligibility.
14 Oct 2005director interest notice● Neutral
GEOGLOBAL RESOURCES INC. director Brent James Peters sold 10,000 shares at $6.95.
5 Oct 2005director interest notice● Neutral
Avinash Chandra became a GEOGLOBAL RESOURCES INC. director and company insider (initial ownership filing).
29 Sept 2005material agreement▲ GoodMajor
On September 23, 2005 the company signed two new Production Sharing Contracts with the Government of India: a 100% operated interest in onshore Block DS-ONN-2003/1 (about 3,155 sq km, Deccan Syneclise Basin, Maharashtra), and a 10% interest in onshore Block CB-ONN-2003/2 (about 448 sq km, Cambay Basin, Gujarat) operated by GSPC with GAIL and Jubilant Capital. These widen the company's holdings beyond the KG block, and the Cambay block sits south-east of its existing three Cambay blocks.
15 Sept 2005capital raising announcement▲ GoodMajor
In September 2005 the company sold 4,252,400 units at $6.50 each (one share plus a half-warrant exercisable at $9.00 through September 9, 2007); 3,252,400 units were sold via agent Jones Gable for gross proceeds of $21,140,600 before a 6% commission, and 1,000,000 units were sold directly to three Canadian institutions. This adds new shares (dilution for existing holders), and the company must file a resale registration statement by November 8, 2005 or issue extra units to purchasers.
What it means for a shareholder
4.3m new shares at $6.50 to raise about $21.1m. 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.
4 Aug 2005securities registration● Neutral
GEOGLOBAL RESOURCES INC. amended a filing by which it registered a small-business securities offering with the SEC.
14 July 2005director interest notice● Neutral
GEOGLOBAL RESOURCES INC. director Brent James Peters sold 25,000 shares.
18 May 2005late filing notice▼ Bad
GEOGLOBAL RESOURCES INC. notified the SEC that its quarterly report would be filed late.
2 Sept 2004director interest notice● Neutral
GEOGLOBAL RESOURCES INC. director Brent James Peters sold 7,000 shares at $1.95.
31 Aug 2004director interest notice● Neutral
GEOGLOBAL RESOURCES INC. director Brent James Peters sold 5,000 shares at $1.95.
8 July 2004securities registration● Neutral
GEOGLOBAL RESOURCES INC. filed the final prospectus for a registered offering.
10 June 2004drilling progress report▲ GoodMajor
A press release says the Saipem Perro Negro 3 drilling rig has arrived at the KG#1 well location in the Krishna Godavari Basin block off India's east coast, with drilling to begin after rig maintenance and testing. It is the first of an initial four-well program, and GeoGlobal has a 5% net carried interest in the well; this is the first drilling on the block acquired in the 2003 deal.
9 June 2004securities registration● Neutral
GEOGLOBAL RESOURCES INC. amended a filing by which it registered a small-business securities offering with the SEC.
19 May 2004director interest notice● Neutral
Michael J Hudson became a GEOGLOBAL RESOURCES INC. director and company insider (initial ownership filing).
6 May 2004listing compliance notice▲ GoodMajor
the American Stock Exchange certified GEOGLOBAL RESOURCES INC.'s securities for listing, clearing them to begin trading.
30 Apr 2004securities registration● Neutral
GEOGLOBAL RESOURCES INC. registered a small-business securities offering with the SEC.
31 Mar 2004late filing notice▼ Bad
GEOGLOBAL RESOURCES INC. notified the SEC that its annual report would be filed late.
26 Mar 2004auditor change● Neutral
An amended version of the February 2004 auditor-change filing: it corrects the resignation date to February 26, 2004 (the original said February 24) and drops one sentence about not receiving advice from Grant Thornton. Ernst & Young remains the new auditor.
27 Feb 2004auditor change● Neutral
The company, now named GeoGlobal Resources Inc., disclosed that Grant Thornton resigned as auditor and Ernst & Young was hired on February 26, 2004 to audit 2003 consolidated financials. The filing says there were no disagreements and Grant Thornton had not issued an opinion on the consolidated statements (it only gave an October 2003 opinion on the India subsidiary's 2002 statements).
16 Jan 2004director interest notice● Neutral
Peter Reginald Smith became a GEOGLOBAL RESOURCES INC. director and company insider (initial ownership filing).
6 Jan 2004director interest notice● Neutral
GEOGLOBAL RESOURCES INC. director Brent James Peters bought 80,000 shares on the open market at $1.00.