6 Mar 2006director interest notice● Neutral
HILLTOP ENERGY, LLC. President, CEO Calvin III Wallen bought 7,500 shares on the open market at $0.80.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
6 Mar 2006director interest notice● Neutral
HILLTOP ENERGY, LLC. President, CEO Calvin III Wallen bought 17,500 shares on the open market.
2 Mar 2006director interest notice● Neutral
HILLTOP ENERGY, LLC. President / CEO Calvin III Wallen bought 2,500 shares on the open market at $0.75.
2 Mar 2006director interest notice● Neutral
HILLTOP ENERGY, LLC. President / CEO Calvin III Wallen bought 12,500 shares on the open market at $0.74.
28 Feb 2006director interest notice● Neutral
HILLTOP ENERGY, LLC. President / CEO Calvin III Wallen bought 15,000 shares on the open market.
24 Feb 2006director interest notice● Neutral
HILLTOP ENERGY, LLC. director Bob Clements bought 3,300 shares on the open market at $0.69.
24 Feb 2006director interest notice● Neutral
HILLTOP ENERGY, LLC. director Bob Clements bought 5,000 shares on the open market at $0.84.
24 Feb 2006director interest notice● Neutral
HILLTOP ENERGY, LLC. director Bob Clements bought 5,000 shares on the open market at $0.87.
24 Feb 2006director interest notice● Neutral
HILLTOP ENERGY, LLC. director Bob Clements bought 109,527 shares on the open market at $0.90.
24 Feb 2006director interest notice● Neutral
HILLTOP ENERGY, LLC. director Bob Clements bought 5,000 shares on the open market at $0.75.
24 Feb 2006director interest notice● Neutral
HILLTOP ENERGY, LLC. director Bob Clements bought 6,700 shares on the open market at $0.55.
21 Feb 2006securities registration● Neutral
HILLTOP ENERGY, LLC. amended an already-effective registration statement.
17 Feb 2006director interest notice● Neutral
HILLTOP ENERGY, LLC. President, CEO Calvin III Wallen disposed of 786,000 shares via option/appreciation-right settlement.
9 Feb 2006asset acquisition disposition● NeutralMajor
On February 6, 2006 the company borrowed $5,500,000 from Petro Capital V, L.P. at 12.5% interest, due February 6, 2009, secured by substantially all its assets. About $1.8 million repaid its prior senior debt, and warrants for 1,833,334 and 250,000 shares at $1.00 went to the lender and its affiliate. It also bought Cotton Valley leasehold (about 5,000 net acres in DeSoto and Caddo Parishes, Louisiana) from Tauren, owned by CEO Calvin Wallen III, for $3.5 million cash, 2,500,000 shares, a $1.3 million convertible note at $0.80, and a $2.1 million drilling credit. A special committee excluding Wallen negotiated it and obtained a fairness opinion. This is the Tauren deal flagged in December 2005.
27 Jan 2006director interest notice● Neutral
HILLTOP ENERGY, LLC. President / CEO Calvin III Wallen bought 2,500 shares on the open market at $0.74.
25 Jan 2006director interest notice● Neutral
HILLTOP ENERGY, LLC. CEO / President Calvin III Wallen gifted 20,000 shares.
18 Jan 2006director interest notice● Neutral
HILLTOP ENERGY, LLC. President / CEO Calvin III Wallen bought 2,500 shares on the open market at $0.74.
13 Jan 2006director interest notice● Neutral
HILLTOP ENERGY, LLC. President / CEO Calvin III Wallen bought 2,500 shares on the open market at $0.75.
13 Jan 2006director interest notice● Neutral
HILLTOP ENERGY, LLC. President & CEO Calvin III Wallen bought 2,500 shares on the open market at $0.80.
9 Jan 2006director interest notice● Neutral
HILLTOP ENERGY, LLC. President / CEO Calvin III Wallen gifted 30,000 shares.
5 Jan 2006director interest notice● Neutral
HILLTOP ENERGY, LLC. Secretary Jon Stuart Ross received 200,000 shares as part of the equity award.
5 Jan 2006director interest notice● Neutral
HILLTOP ENERGY, LLC. President / CEO Calvin III Wallen received 300,000 shares as part of the equity award.
5 Jan 2006director interest notice● Neutral
HILLTOP ENERGY, LLC. director Gene Howard received 106,000 shares as part of the equity award.
5 Jan 2006director interest notice● Neutral
HILLTOP ENERGY, LLC. CFO James Lawrence Busby received 150,000 shares as part of the equity award.
5 Jan 2006director interest notice● Neutral
HILLTOP ENERGY, LLC. director Bob Clements received 94,000 shares as part of the equity award.
5 Jan 2006director interest notice● Neutral
HILLTOP ENERGY, LLC. director Herbert Bayer received 94,000 shares as part of the equity award.
3 Jan 2006director interest notice● Neutral
HILLTOP ENERGY, LLC. President / CEO Calvin III Wallen bought 2,500 shares on the open market at $0.85.
21 Dec 2005director interest notice● Neutral
HILLTOP ENERGY, LLC. President / CEO Calvin III Wallen bought 7,500 shares on the open market.
19 Dec 2005securities registration● Neutral
HILLTOP ENERGY, LLC. amended an already-effective registration statement.
16 Dec 2005capital raising announcement● NeutralMajor
On December 16, 2005 the company sold 2,500,000 shares at $0.80 each (about $2 million) plus five-year warrants for 1,000,000 shares at $1.00. The press release says the money funds its share of two Cotton Valley wells, and that a larger $10-$12 million financing is being pursued, subject to a deal with Tauren (owned by Calvin Wallen III) and several approvals including shareholder approval to raise authorized shares. That larger deal is not yet agreed.
What it means for a shareholder
2.5m new shares at $0.800 to raise about $2.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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