Past year: ▲ 142%(4.02 – 10.41 USD)
Each one in plain English, with the numbers worked through for a shareholder.
14 Aug 2006drilling progress report● Neutral
Reported second-quarter profit of $2.1 million, but almost all of it came from selling the Bear Creek project and part of Goliath plus a $1.5 million finder's fee; actual oil and gas sales were about $0.2 million. Management warned there would be no comparable sales or fees in the second half, so the underlying business remains pre-production.
8 Aug 2006director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp President Andrew P Calerich sold 5,000 shares at $5.10.
1 Aug 2006director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp Vice President and Secretary Kendell V Tholstrom sold 7,500 shares at $4.85.
12 July 2006director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp President Andrew P Calerich sold 5,000 shares at $4.93.
3 July 2006director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp VP and Secretary Kendell V Tholstrom sold 7,500 shares at $5.16.
3 July 2006director interest notice● Neutral
Joseph Bruce Feiten became a HESS BAKKEN INVESTMENTS I Corp Chief Financial Officer and company insider (initial ownership filing).
3 July 2006director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp Chief Financial Officer Joseph Bruce Feiten received a stock option grant for 250,000 shares.
21 June 2006securities registration● Neutral
HESS BAKKEN INVESTMENTS I Corp filed the final prospectus for a registered offering.
6 June 2006director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp Secretary Kendell V Tholstrom sold 7,500 shares at $4.57.
16 May 2006late filing notice▼ Bad
HESS BAKKEN INVESTMENTS I Corp notified the SEC that its quarterly report would be filed late.
6 Apr 2006asset acquisition disposition▲ GoodMajor
Sold the Big Sky project in Montana's Elm Coulee field to Enerplus for $11.5 million cash, management judging it at peak production with new wells only offsetting declines in old ones. The proceeds go into Goliath, Fetter and Krejci - Big Sky was where the company learned the horizontal Bakken method it is now taking to North Dakota.
3 Apr 2006late filing notice▼ Bad
HESS BAKKEN INVESTMENTS I Corp notified the SEC that its annual report would be filed late.
6 Mar 2006securities registration● Neutral
HESS BAKKEN INVESTMENTS I Corp amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
14 Feb 2006substantial holder notice● Neutral
Wellington Management Company, LLP reported a HESS BAKKEN INVESTMENTS I Corp shareholding of 3,094,600 shares (8.57% of votes) in a periodic institutional filing.
1 Feb 2006director interest notice● Neutral
Savage Terry became a HESS BAKKEN INVESTMENTS I Corp Vice-President-Land and company insider (initial ownership filing).
5 Jan 2006capital raising announcement▲ GoodMajor
Agreed to fund 60% of partner North Finn's drilling and lease costs in exchange for 60% of its interest, plus $535,000 cash and the right for North Finn to take 2.9 million American shares - lifting American's ownership of the Powder River and Big Horn Basin projects from 75% to 90%. Deepens the North Finn partnership begun with the 2003 acreage purchase.
15 Nov 2005late filing notice▼ Bad
HESS BAKKEN INVESTMENTS I Corp notified the SEC that its quarterly report would be filed late.
17 Oct 2005director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp director Nick Demare bought 10,700 shares on the open market.
13 Oct 2005asset acquisition disposition▲ GoodMajor
Bought a 75% interest in 33,000 acres of the North Dakota Williston Basin - the Goliath project - for $2.97 million cash and 675,000 shares, applying the horizontal Bakken technique that had worked at its Big Sky wells in Montana. This North Dakota position becomes the company's defining asset.
13 Oct 2005securities registration● Neutral
HESS BAKKEN INVESTMENTS I Corp filed the final prospectus for a registered offering.
4 Oct 2005securities registration● Neutral
HESS BAKKEN INVESTMENTS I Corp registered a securities offering with the SEC using its shelf eligibility.
4 Oct 2005director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp director Nick Demare received 12,500 shares as part of the equity award.
16 Aug 2005late filing notice▼ Bad
HESS BAKKEN INVESTMENTS I Corp notified the SEC that its quarterly report would be filed late.
27 July 2005capital raising announcement▲ GoodMajor
Raised $13.5 million selling convertible preferred stock paying an 8% dividend, with the conversion price set by drilling luck: $6.00 a share if the Sims 16-26 well at the Fetter project began selling gas within 60 days, $4.50 if not. The first financing since the company stepped up from the OTC bulletin board to the American Stock Exchange in May 2005.
6 July 2005director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp director Nick Demare received 37,500 shares as part of the equity award.
21 June 2005drilling result▲ GoodMajor
Two months after the Tower Colombia merger closed and put its executives in charge, American Oil & Gas reported gas and condensate flowing to surface from the Sims 16-26 well at the Fetter project, drilled underbalanced into the Niobrara and Frontier. Management would not call it commercial, and the partners had yet to decide whether to drill deeper or complete where they were.
9 June 2005securities registration● Neutral
HESS BAKKEN INVESTMENTS I Corp amended an already-effective registration statement.
16 May 2005listing compliance notice▲ GoodMajor
the American Stock Exchange certified HESS BAKKEN INVESTMENTS I Corp's securities for listing, clearing them to begin trading.
16 May 2005late filing notice▼ Bad
HESS BAKKEN INVESTMENTS I Corp notified the SEC that its quarterly report would be filed late.
27 Apr 2005business combination▲ GoodMajor
Closed the Tower Colombia merger, issuing 5.8 million shares to Tower's owners, who now become American's operating executives - O'Brien as chief executive, Solomon and Tholstrom as vice-presidents. Buys out the counterparty from the 2003 acreage deal and brings its technical team in-house.
