21 Mar 2017listing compliance notice▼ BadMajor
HINTO ENERGY, INC deregistered its securities, ending its obligation to file reports with the SEC.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
12 Apr 2016capital raising announcement▼ BadMajor
On March 30, 2016 Hinto agreed to sell 5,000,000 shares for $50,000 to Arrowhead Consulting, controlled by VP of Finance Gary Herick, and sold 3,000,000 shares to private and current shareholders for $30,000. Herick also lent the company another $83,000, bringing his loans to $223,000 over eight months, to be covered by a 120-day promissory note; $33,000 of it is to pay debt. The $50,000 share money went to repairing wells in Montana and Utah. The tiny prices (about $0.01 per share) and reliance on an insider's loans are facts from the filing; that the company is short of cash is an inference, and the share issuance heavily dilutes existing holders.
16 Nov 2015late filing notice▼ Bad
HINTO ENERGY, INC notified the SEC that its quarterly report would be filed late.
14 Aug 2015late filing notice▼ Bad
HINTO ENERGY, INC notified the SEC that its quarterly report would be filed late.
27 May 2015quarterly activities report▼ Bad
HINTO ENERGY, INC reported quarterly revenue of $65 thousand and a net loss of $402 thousand for the period ended 2015-03-31.
15 May 2015late filing notice▼ Bad
HINTO ENERGY, INC notified the SEC that its quarterly report would be filed late.
30 Mar 2015late filing notice▼ Bad
HINTO ENERGY, INC notified the SEC that its annual report would be filed late.
6 Jan 2015securities registration● Neutral
HINTO ENERGY, INC filed notice of an exempt private placement.
12 Nov 2014quarterly activities report▼ Bad
HINTO ENERGY, INC reported quarterly revenue of $159 thousand and a net loss of $443 thousand for the period ended 2014-09-30.
14 Aug 2014quarterly activities report▼ Bad
HINTO ENERGY, INC reported quarterly revenue of $163 thousand and a net loss of $557 thousand for the period ended 2014-06-30.
23 July 2014resource reserve update▲ GoodMajor
Hinto announced an independent reserve study by SanTech Upstream, LLC on its Mason Lake field in Montana: a PV-10 (estimated present value of the reserves) of about $3,279,842, about 14.8 years of remaining life at a 13% decline rate, and a 95% working interest held by Hinto. Management says rework has raised production. The release does not give current production figures, and the study results are an estimate by the company's consultant. This puts a number on the Montana assets bought in June 2013.
15 May 2014quarterly activities report▼ Bad
HINTO ENERGY, INC reported quarterly revenue of $28 thousand and a net loss of $334 thousand for the period ended 2014-03-31.
31 Mar 2014late filing notice▼ Bad
HINTO ENERGY, INC notified the SEC that its annual report would be filed late.
28 Jan 2014securities registration● Neutral
HINTO ENERGY, INC filed notice of an exempt private placement.
24 Jan 2014capital raising announcement▲ GoodMajor
On January 22, 2014 Hinto issued a $2,000,000 secured convertible note: 3 years, 10% interest with quarterly payments starting July 2014, convertible at $1.25 per share, with up to 480,000 warrants at $2.00 tied to any principal converted. The note is secured by Hinto's Musselshell County, Montana leases and wells, and the stated use is operations plus re-completion and drilling in Utah and Montana. This is by far the largest financing in the company's history here, and conversion would dilute shareholders.
18 Nov 2013quarterly activities report▼ Bad
HINTO ENERGY, INC reported quarterly revenue of $21 thousand and a net loss of $326 thousand for the period ended 2013-09-30.
14 Nov 2013late filing notice▼ Bad
HINTO ENERGY, INC notified the SEC that its quarterly report would be filed late.
13 Aug 2013quarterly activities report▼ Bad
HINTO ENERGY, INC reported quarterly revenue of $10 thousand and a net loss of $381 thousand for the period ended 2013-06-30.
29 July 2013securities registration● Neutral
HINTO ENERGY, INC filed the final prospectus for a registered offering.
18 July 2013securities registration● Neutral
HINTO ENERGY, INC registered a securities offering with the SEC.
12 July 2013securities registration● Neutral
HINTO ENERGY, INC filed the final prospectus for a registered offering.
5 July 2013securities registration● Neutral
HINTO ENERGY, INC amended an already-effective registration statement.
20 June 2013material agreement▲ GoodMajor
Hinto closed on June 17, 2013 the purchase of mineral estates in Grand County, Utah from Pride Ventures, LLC and James Woolsey: 4,435 acres, 9 well bores and a gas gathering system that connects to Hinto's existing system, with 100% working interest. It plans to pay $100,000: $75,000 cash and 50,000 restricted shares. This adds to the Greater Cisco holdings bought from Pacific in 2012.
19 June 2013material agreement▲ GoodMajor
On June 14, 2013 Hinto also bought leases from S&L Energy, Inc. covering 722 gross acres in Musselshell County, Montana, including 120 acres for zones other than the 1st Cat Creek rights bought from Jake Oil. It plans to pay $101,100: $65,000 cash and 62,242 restricted shares valued at $0.58 each. Hinto also has a 30-day option to buy more Musselshell leases from S&L at $60 per acre. This builds on the Jake Oil purchase.
18 June 2013material agreement▲ GoodMajor
On June 14, 2013 Hinto bought oil and gas leases from Jake Oil, LLC covering 559 gross acres in Musselshell County, Montana (1st Cat Creek formation, Mason Lake field), including 6 wells that need rework for water flooding. It plans to pay about $25,000 in cash plus a 5 percent working interest, and to start production in the third quarter of 2013. This is a new Montana area for a company whose assets had been in Utah.
10 June 2013securities registration● Neutral
HINTO ENERGY, INC filed notice of an exempt private placement.
10 June 2013securities registration● Neutral
HINTO ENERGY, INC amended a filing by which it filed notice of an exempt private placement.
6 June 2013auditor change● Neutral
On June 5, 2013 Hinto appointed BF Borgers, CPA PC as its auditor to replace Borgers & Cutler, which had resigned on June 3. This completes the second auditor change in two months; the filing again notes the earlier going-concern paragraph in Chadwick's reports for 2010 and 2011.
4 June 2013auditor change▼ Bad
Borgers & Cutler, the auditor Hinto hired in April 2013, resigned on June 3, 2013, less than two months later. The filing gives no reason for the resignation and repeats that there were no disagreements with the earlier auditor, Ronald Chadwick.
14 May 2013late filing notice▼ Bad
HINTO ENERGY, INC notified the SEC that its quarterly report would be filed late.