11 Mar 2010director interest notice● Neutral
GEOPETRO RESOURCES CO director Jeffrey Craig Friedman sold 25,000 shares at $0.71.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
5 Mar 2010director interest notice● Neutral
GEOPETRO RESOURCES CO director Jeffrey Craig Friedman sold 25,600 shares.
17 Feb 2010director interest notice● Neutral
Jeffrey Craig Friedman became a GEOPETRO RESOURCES CO director and company insider (initial ownership filing).
9 Feb 2010substantial holder notice● Neutral
Stuart J. Doshi reported a GEOPETRO RESOURCES CO shareholding of 4,722,558 shares (13.36% of votes) in a periodic institutional filing.
8 Feb 2010substantial holder notice● Neutral
Cumberland Associates LLC disclosed a new substantial GEOPETRO RESOURCES CO shareholding (6.29% of votes).
19 Nov 2009asset acquisition disposition● Neutral
GeoPetro filed a fourth amendment to its report on the Madisonville plant purchase, adding reviewed interim financial statements of the seller for the nine months ended September 30, 2008 and 2007, which had been left out in error. The seller reported a nine-month 2008 net loss of $11.4 million, including a $7.1 million impairment. This is a filing correction with no new transaction.
15 Oct 2009securities registration● Neutral
GEOPETRO RESOURCES CO filed notice of an exempt private placement.
13 Oct 2009capital raising announcement● NeutralMajor
Between August 3 and October 9, 2009, GeoPetro sold a further 5,056,328 Series B preferred shares at $0.75 to 49 accredited investors, raising $3,792,250. It raised the authorized Series B count from 6,800,000 to 7,523,000. This continues the April 2009 preferred raise, adding to the senior stock and potential conversion dilution for common holders.
16 July 2009director interest notice● Neutral
Jeffrey Craig Friedman became a GEOPETRO RESOURCES CO director and company insider (initial ownership filing).
1 July 2009director interest notice● Neutral
GEOPETRO RESOURCES CO director Thomas Donald Cunningham III received a stock option grant for 15,000 shares.
1 July 2009director interest notice● Neutral
GEOPETRO RESOURCES CO director Nick Demare received a stock option grant for 15,000 shares.
1 July 2009director interest notice● Neutral
GEOPETRO RESOURCES CO director David G Anderson received a stock option grant for 15,000 shares.
11 May 2009securities registration● Neutral
GEOPETRO RESOURCES CO filed notice of an exempt private placement.
1 May 2009capital raising announcement▼ BadMajor
GeoPetro agreed on April 30, 2009 to sell 2,466,672 new Series B convertible preferred shares at $0.75 each, raising $1,850,000. The preferred stock pays a $0.06 per share annual cumulative dividend, ranks ahead of common shares in a liquidation, converts one-for-one into common stock, and can be redeemed by the company after two years. This adds a new class of senior stock ahead of existing common holders and potential dilution when it converts.
25 Mar 2009production update● NeutralMajor
GeoPetro reported a 2008 net loss of $174,825 ($0.01 per share), much smaller than the $1,616,804 loss in 2007, with gas revenue of $6,152,542 versus $6,890,777. The company says revenue fell because of lower volumes (Hurricane Ike, plant shutdowns, high inlet pressure), and that the plant purchase cut the combined workforce from 30 to 22. It plans to raise Madisonville output, to rework or connect two more wells (Mitchell #1, Wilson #1), and is evaluating a possible farm-out of assets outside Madisonville. This gives the FY2008 figures that follow the FY2007 numbers in the earlier context.
24 Mar 2009director interest notice● Neutral
Peter Joseph Craven became a GEOPETRO RESOURCES CO Interim CFO and company insider (initial ownership filing).
19 Mar 2009asset acquisition disposition● Neutral
GeoPetro filed the second amendment to its January 2009 report on the Madisonville plant purchase, adding the seller's financial statements and pro forma figures that were due. The seller, Madisonville Gas Processing, LP, reported a 2007 net loss of $54.8 million, including a $53.2 million impairment, which the notes tie to diamondoids in gas from the Rodessa Formation. This completes a pending filing item from the acquisition.
17 Mar 2009late filing notice▼ Bad
GEOPETRO RESOURCES CO notified the SEC that its annual report would be filed late.
4 Mar 2009director interest notice● Neutral
GEOPETRO RESOURCES CO Chairman, President and CEO Suresh J Doshi bought 39,000 shares on the open market at $0.27.
26 Feb 2009director interest notice● Neutral
GEOPETRO RESOURCES CO Chairman, President and CEO Suresh J Doshi bought 7,300 shares on the open market.
20 Feb 2009substantial holder notice● Neutral
Stuart J. Doshi reported a GEOPETRO RESOURCES CO shareholding of 4,621,258 shares (13.10% of votes) in a periodic institutional filing.
7 Jan 2009asset acquisition disposition● NeutralMajor
Effective December 31, 2008, GeoPetro acquired the Madisonville gas treatment plant and pipelines from Madisonville Gas Processing, LP, which had been treating its Madisonville gas under 2005 agreements that are now terminated. It paid by taking on about $7.7 million of bank debt (a $1 million cash paydown plus a $6.7 million three-year Bank of Oklahoma loan secured by Madisonville reserves and the plant), about $1.1 million of payables, and 1.5 million new shares. It also raised $1,050,000 through 8% three-year unsecured subordinated notes with warrants at $1.00, adding debt and dilution.
17 Sept 2008director interest notice● Neutral
GEOPETRO RESOURCES CO insider Kevin Monroe Delehanty bought 15,000 shares on the open market at $2.35.
13 Aug 2008director interest notice● Neutral
GEOPETRO RESOURCES CO insider Kevin Monroe Delehanty bought 30,000 shares on the open market at $2.01.
7 July 2008director interest notice● Neutral
GEOPETRO RESOURCES CO chief financial officer James Christian Steinhauser exercised stock options for 67,755 shares and disposed of 150,000 shares.
1 July 2008director interest notice● Neutral
GEOPETRO RESOURCES CO director Nick Demare received a stock option grant for 50,000 shares.
1 July 2008director interest notice● Neutral
GEOPETRO RESOURCES CO Chairman, President and CEO Suresh J Doshi received a stock option grant for 275,000 shares.
1 July 2008director interest notice● Neutral
GEOPETRO RESOURCES CO Chief Financial Officer James Christian Steinhauser received a stock option grant for 75,000 shares.
1 July 2008director interest notice● Neutral
GEOPETRO RESOURCES CO director David G Anderson received a stock option grant for 50,000 shares.
1 July 2008director interest notice● Neutral
GEOPETRO RESOURCES CO director Thomas Donald Cunningham III received a stock option grant for 50,000 shares.