7 Sept 2012director interest notice● Neutral
Dale William Dvoracek became a GEOPETRO RESOURCES CO Vice President of Finance and company insider (initial ownership filing).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
7 Sept 2012director interest notice● Neutral
GEOPETRO RESOURCES CO director Thomas Donald Cunningham III received 75,000 shares and a 25,000-share option grant as part of the equity award.
6 Sept 2012agm notice● Neutral
GEOPETRO RESOURCES CO shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
28 Aug 2012listing compliance notice● Neutral
On August 27, 2012, NYSE MKT accepted GeoPetro's compliance plan and extended the deadline to regain compliance to September 28, 2012, subject to periodic review. Failure to make progress or comply could lead to delisting.
14 Aug 2012quarterly activities report▼ Bad
GEOPETRO RESOURCES CO reported a quarterly net loss of $897 thousand for the period ended 2012-06-30.
31 July 2012listing compliance notice● Neutral
On July 30, 2012, GeoPetro filed its plan with NYSE MKT for regaining compliance with the continued listing standard. The filing gives no details of the plan.
5 July 2012listing compliance notice▼ BadMajor
On June 28, 2012, NYSE MKT told GeoPetro it fails a listing standard because the Exchange believes losses are so substantial that it is questionable whether the company can continue operations or meet its obligations as they mature. GeoPetro must submit a plan by July 30, 2012 to regain compliance by September 28, 2012, or face delisting proceedings.
15 May 2012quarterly activities report▼ Bad
GEOPETRO RESOURCES CO reported a quarterly net loss of $1.1 million for the period ended 2012-03-31.
7 Feb 2012substantial holder notice● Neutral
Cumberland Associates LLC reported a GEOPETRO RESOURCES CO shareholding of 1,960,000 shares (4.60% of votes) in a periodic institutional filing.
22 Nov 2011director interest notice● Neutral
GEOPETRO RESOURCES CO director Christopher Thomas Czuppon sold 7,793 shares at $0.30.
14 Nov 2011quarterly activities report● Neutral
GEOPETRO RESOURCES CO reported a quarterly net income of $2.0 million for the period ended 2011-09-30.
19 Sept 2011asset acquisition disposition▲ GoodMajor
On September 13, 2011, Madisonville Midstream closed the sale of idle, non-income-producing plant equipment to Peregrine for $9,250,000, after $1,575,000 of earlier deposits and a final $7,675,000 payment. The same day it repaid its Bank of Oklahoma loan (originally $7.7 million, made December 2008 for the plant purchase), resolving that debt; the company expects to restore production from the Magness and Fannin wells at about 8 million cubic feet per day in October 2011.
19 Aug 2011securities registration● Neutral
GEOPETRO RESOURCES CO filed notice of an exempt private placement.
17 Aug 2011agm notice● Neutral
GEOPETRO RESOURCES CO shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
15 Aug 2011quarterly activities report▼ Bad
GEOPETRO RESOURCES CO reported a quarterly net loss of $1.2 million for the period ended 2011-06-30.
14 June 2011director interest notice● Neutral
GEOPETRO RESOURCES CO President & CEO Suresh J Doshi bought 18,800 shares on the open market at $0.35.
6 June 2011material agreement▲ GoodMajor
On May 31, 2011, the Peregrine equipment sale was amended: the price rose from $8,750,000 to $9,300,000 and closing no longer depends on regulatory approval. Peregrine pays monthly non-refundable deposits (a second $150,000 paid May 31), and closing must occur by September 29, 2011, with the price falling to $9,100,000 if closing is by July 31 and $9,200,000 if by August 30.
16 May 2011quarterly activities report▼ Bad
GEOPETRO RESOURCES CO reported a quarterly net loss of $1.3 million for the period ended 2011-03-31.
7 Apr 2011material agreement▲ GoodMajor
On April 1, 2011, GeoPetro's subsidiary Madisonville Midstream agreed to sell idle gas treatment plant equipment from the Madisonville Project to Peregrine Midstream Partners for $8,750,000, with closing due by May 31, 2011 (extendable up to 45 days). The sale depends on Peregrine getting regulatory approval for an underground gas storage project; a $150,000 deposit has been paid and is non-refundable except for material breach by Madisonville, and is credited against the price at closing.
16 Mar 2011securities registration● Neutral
GEOPETRO RESOURCES CO filed notice of an exempt private placement.
4 Mar 2011capital raising announcement▼ Bad
GeoPetro reported two more private placements at $0.45 per unit (one common share plus a 3-year warrant for half a share at $0.75): 1,111,199 units for $500,038 on December 30, 2010, and 2,050,328 units for $922,648 on March 1, 2011. This adds 3,161,527 new shares and 1,580,760 warrants, diluting existing holders, and follows the September 2010 placement at $0.48; investors received piggyback registration rights.
9 Feb 2011substantial holder notice● Neutral
Cumberland Associates LLC reported a GEOPETRO RESOURCES CO shareholding of 2,000,000 shares (5.00% of votes) in a periodic institutional filing.
15 Nov 2010quarterly activities report▼ Bad
GEOPETRO RESOURCES CO reported a quarterly net loss of $1.1 million for the period ended 2010-09-30.
13 Oct 2010securities registration● Neutral
GEOPETRO RESOURCES CO filed notice of an exempt private placement.
6 Oct 2010capital raising announcement▼ BadMajor
On September 30, 2010, GeoPetro sold 3,575,000 units at $0.48 each for $1,716,000 in a private placement. Each unit has one common share and a 3-year warrant for half a share at $0.75, so 3,575,000 new shares and 1,787,500 warrants were issued. This dilutes existing common holders, and investors received piggyback registration rights.
What it means for a shareholder
3.6m new shares at $0.480 to raise about $1.7m. 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.
5 Aug 2010director interest notice● Neutral
Jason Bakwin Selch became a GEOPETRO RESOURCES CO director and company insider (initial ownership filing).
8 July 2010director interest notice● Neutral
GEOPETRO RESOURCES CO President & CEO Suresh J Doshi bought 14,200 shares on the open market.
24 May 2010director interest notice● Neutral
GEOPETRO RESOURCES CO President and CEO Suresh J Doshi bought 9,040 shares on the open market.
19 Apr 2010director interest notice● Neutral
GEOPETRO RESOURCES CO President and CEO Suresh J Doshi bought 10,000 shares on the open market.
12 Apr 2010director interest notice● Neutral
GEOPETRO RESOURCES CO director Jeffrey Craig Friedman sold 27,200 shares.