30 Dec 2010listing compliance notice▼ BadMajor
HESS BAKKEN INVESTMENTS I Corp terminated the registration of a class of securities, ending its reporting obligation for them.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
28 Dec 2010director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp director Nick Demare exercised stock options for 65,000 shares and disposed of 480,819 shares.
28 Dec 2010director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp Chief Financial Officer Joseph Bruce Feiten exercised stock options for 544,000 shares and disposed of 329,700 shares.
28 Dec 2010director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp director Jon R Whitney exercised stock options for 152,500 shares and disposed of 355,019 shares.
28 Dec 2010director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp VP of Exploration/Development Peter Loeffler exercised stock options for 240,000 shares and disposed of 614,000 shares.
27 Dec 2010director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp President Andrew P Calerich exercised stock options for 500,000 shares and disposed of 2,052,188 shares.
27 Dec 2010director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp director C. Scott Hobbs exercised stock options for 100,000 shares and disposed of 256,019 shares.
27 Dec 2010director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp Chief Executive Officer Brien Patrick D O exercised stock options for 250,000 shares and disposed of 3,123,859 shares.
27 Dec 2010director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp Vice President Bob Solomon disposed of 2,618,358 shares via option/appreciation-right settlement.
23 Dec 2010business combination▲ GoodMajor
The Hess merger closed on 17 December 2010. American Oil & Gas shareholders received 0.1373 Hess shares each, the board and officers were replaced by Hess appointees, and the surviving company was renamed Hess Bakken Investments I Corporation. Its NYSE Amex listing was withdrawn and its SEC registration cancelled within a fortnight - a clean sale, not a quiet disappearance.
20 Dec 2010listing compliance notice● NeutralMajor
HESS BAKKEN INVESTMENTS I Corp's exchange filed to remove a class of its securities from listing.
20 Dec 2010listing compliance notice▼ Bad
HESS BAKKEN INVESTMENTS I Corp withdrew a registration statement, abandoning the offering it covered.
20 Dec 2010securities registration● Neutral
HESS BAKKEN INVESTMENTS I Corp amended an already-effective registration statement.
17 Nov 2010material agreement● Neutral
Raised the Hess credit line from $30 million to $45 million with the shareholder vote on the merger still weeks away - American was spending more on drilling and land during the waiting period than the original facility covered.
30 Aug 2010debt financing● NeutralMajor
Borrowed from its own acquirer: Hess provided a $30 million secured revolving credit line to carry American through to closing, repayable within days of the merger taking effect or shortly after it collapses. The first borrowing facility anywhere in this company's filing record, and only possible because the buyer is already committed.
29 July 2010business combination▲ GoodMajor
Agreed to be bought by Hess Corporation in an all-stock deal: 0.1373 Hess shares for each American share, about a 9.4% premium, with shareholders also due a cash dividend of whatever working capital remains at closing. Hess is paying for the North Dakota Bakken acreage American began assembling in 2005 and had just finished funding by selling everything in Wyoming.
24 June 2010director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp Chief Financial Officer Joseph Bruce Feiten gifted 4,800 shares.
24 June 2010securities registration● Neutral
HESS BAKKEN INVESTMENTS I Corp amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
10 May 2010director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp Chief Financial Officer Joseph Bruce Feiten received 14,000 shares as part of the equity award.
10 May 2010director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp V.P. of Land Don E Schroeder received 14,000 shares as part of the equity award.
10 May 2010director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp V.P. of Exploration and Dev. Peter Loeffler received 14,000 shares as part of the equity award.
15 Apr 2010securities registration● Neutral
HESS BAKKEN INVESTMENTS I Corp registered a securities offering with the SEC using its shelf eligibility.
9 Mar 2010director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp Chief Financial Officer Joseph Bruce Feiten exercised stock options for 68,000 shares and disposed of 169,000 shares.
26 Feb 2010material agreement▲ GoodMajor
Agreed to sell the remaining Wyoming Powder River acreage - in Converse, Niobrara and Campbell counties - to Chesapeake for up to $49.4 million, of which American expects about $44 million. With the 2008 Douglas sale this substantially completes the exit from Wyoming, leaving the North Dakota Bakken position as the business.
24 Feb 2010director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp V.P. of Land Don E Schroeder received 8,000 shares as part of the equity award.
12 Feb 2010substantial holder notice● Neutral
Wellington Management Company, LLP reported a HESS BAKKEN INVESTMENTS I Corp shareholding of 2,032,993 shares (3.54% of votes) in a periodic institutional filing.
28 Jan 2010director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp director C. Scott Hobbs received 7,519 shares as part of the equity award.
28 Jan 2010director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp director Nick Demare received 7,519 shares as part of the equity award.
28 Dec 2009director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp President Andrew P Calerich gifted 20,000 shares.
28 Dec 2009director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp Chief Financial Officer Joseph Bruce Feiten gifted 2,500 shares.