27 Apr 2007securities registration● Neutral
GEOKINETICS INC amended a filing by which it registered a securities offering with the SEC.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
22 Mar 2007director interest notice● Neutral
Yu Chin became a GEOKINETICS INC V.P. Finance and company insider (initial ownership filing).
19 Mar 2007substantial holder notice● Neutral
Andreeff Equity Advisors, L.L.C, Dane Andreeff, Maple Leaf Partners, L.P, Maple Leaf Offshore, Ltd reported a GEOKINETICS INC shareholding of 1,563,908 shares (28.20% of votes) in a periodic institutional filing.
9 Mar 2007director interest notice● Neutral
GEOKINETICS INC President and CEO David A Johnson received 50,000 shares as part of the equity award.
9 Mar 2007securities registration● Neutral
GEOKINETICS INC filed the final prospectus for a registered offering.
16 Feb 2007substantial holder notice● Neutral
Maple Leaf Capital I, L.L.C disclosed a new substantial GEOKINETICS INC shareholding (15.30% of votes).
14 Feb 2007substantial holder notice● Neutral
Andreeff Equity Advisors, L.L.C, Dane Andreeff, Maple Leaf Partners, L.P, Maple Leaf Offshore, Ltd reported a GEOKINETICS INC shareholding of 1,563,908 shares (28.20% of votes) in a periodic institutional filing.
1 Feb 2007securities registration● Neutral
GEOKINETICS INC registered a securities offering with the SEC.
3 Jan 2007director interest notice● Neutral
GEOKINETICS INC President and CEO David A Johnson exercised stock options for 129,361 shares and disposed of 134,062 shares.
21 Dec 2006capital raising announcement● NeutralMajor
On December 15, 2006 Geokinetics sold $110,000,000 of Second Priority Senior Secured Floating Rate Notes due 2012 (via RBC Capital Markets, guaranteed by its subsidiaries) and used the proceeds to repay the Junior Bridge Loan from the Grant deal. The $55,000,000 Senior Bridge Loan from Avista was instead settled by issuing 228,683 Series B preferred shares, so the preferred shares were issued earlier than the Oct 26 closing expected in September and in payment of the loan (principal plus interest) rather than for cash. PNC also replaced its facility with a $14,500,000 revolver and a $6,500,000 capital expenditure loan. The notes carry a commitment to register an exchange offer within 270 days of closing. This resolves the bridge loans but leaves $110 million of secured notes and a new class of preferred stock.
12 Dec 2006director interest notice● Neutral
GEOKINETICS INC Vice President Dunn Michael A exercised stock options for 30,570 shares and disposed of 35,000 shares.
11 Dec 2006director interest notice● Neutral
GEOKINETICS INC Vice President Dunn Michael A exercised stock options for 30,494 shares and disposed of 35,000 shares.
24 Nov 2006asset acquisition disposition● Neutral
This amendment adds the financial statements for the Grant Geophysical purchase that the September 14 report left out. Grant's 2005 revenue was $127.3 million, up from $78.0 million in 2004, with net income of $11.2 million versus a $5.2 million loss in 2004; total assets were $69.1 million at end of 2005. The purchase terms ($125,000,000 cash) are unchanged. The pro forma statements are mentioned but their figures are not in the text provided.
15 Nov 2006director interest notice● Neutral
Cabes Robert L Jr. became a GEOKINETICS INC director and company insider (initial ownership filing).
3 Nov 2006director interest notice● Neutral
GEOKINETICS INC director William R Ziegler received 30,303 shares as part of the equity award.
3 Nov 2006director interest notice● Neutral
White Jim became a GEOKINETICS INC President Quantum Geophysical and company insider (initial ownership filing).
3 Nov 2006director interest notice● Neutral
Bell M Lee became a GEOKINETICS INC President GDC and company insider (initial ownership filing).
3 Nov 2006director interest notice● Neutral
GEOKINETICS INC Vice President Dunn Michael A received a stock option grant for 25,000 shares.
3 Nov 2006director interest notice● Neutral
GEOKINETICS INC President Int'l Operations Miles Richard F received 200,000 shares as part of the equity award.
3 Nov 2006director interest notice● Neutral
GEOKINETICS INC director Gary M Pittman received 30,303 shares as part of the equity award.
3 Nov 2006director interest notice● Neutral
GEOKINETICS INC V.P. and CFO Mccurdy Scott A received 175,000 shares as part of the equity award.
3 Nov 2006director interest notice● Neutral
GEOKINETICS INC director Christopher M Harte received 30,303 shares as part of the equity award.
3 Nov 2006director interest notice● Neutral
GEOKINETICS INC President and CEO David A Johnson received a stock option grant for 250,000 shares.
31 Oct 2006director interest notice● Neutral
GEOKINETICS INC President and CEO David A Johnson exercised stock options for 1,292,576 shares and disposed of 1,340,622 shares.
19 Oct 2006director interest notice● Neutral
Mccurdy Scott A became a GEOKINETICS INC V.P. and C.F.O. and company insider (initial ownership filing).
19 Oct 2006director interest notice● Neutral
Miles Richard F became a GEOKINETICS INC President Int'l Operations and company insider (initial ownership filing).
5 Oct 2006director interest notice● Neutral
GEOKINETICS INC 10%+ owner Avista Capital Partners, L.p. bought 4,395,010 shares on the open market.
29 Sept 2006director interest notice● Neutral
GEOKINETICS INC director Gary M Pittman bought 10,500 shares on the open market.
19 Sept 2006director interest notice● Neutral
GEOKINETICS INC director Gary M Pittman bought 29,000 shares on the open market.
18 Sept 2006auditor change● Neutral
Geokinetics dismissed its auditor Fitts Roberts & Co. on September 12, 2006 and appointed UHY LLP on September 18 for the 2006 audit. The filing says Fitts Roberts' reports for 2004 and 2005 were clean and there were no disagreements. UHY had been Grant Geophysical's auditor, which fits with the Grant acquisition (inference).