23 Aug 2011director interest notice● Neutral
ISRAMCO INC 10%+ owner Naphtha Holding, LTD bought 2,600 shares on the open market.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
16 Aug 2011director interest notice● Neutral
ISRAMCO INC 10%+ owner Naphtha Holding, LTD bought 246 shares on the open market at $57.50.
11 Aug 2011director interest notice● Neutral
ISRAMCO INC 10%+ owner Naphtha Holding, LTD bought 1,977 shares on the open market.
9 Aug 2011quarterly activities report● Neutral
ISRAMCO INC reported quarterly revenue of $11.7 million and net income of $1.3 million for the period ended 2011-06-30.
10 May 2011quarterly activities report▼ Bad
ISRAMCO INC reported quarterly revenue of $11.2 million and a net loss of $4.3 million for the period ended 2011-03-31.
29 Nov 2010director interest notice● Neutral
ISRAMCO INC 10%+ owner Naphtha Holding, LTD bought 2,000 shares on the open market at $59.24.
12 Nov 2010director interest notice● Neutral
ISRAMCO INC 10%+ owner Naphtha Holding, LTD bought 2,057 shares on the open market.
9 Nov 2010quarterly activities report▼ Bad
ISRAMCO INC reported quarterly revenue of $9.9 million and a net loss of $2.5 million for the period ended 2010-09-30.
3 Nov 2010director interest notice● Neutral
ISRAMCO INC 10%+ owner Naphtha Holding, LTD bought 901 shares on the open market.
1 Nov 2010director interest notice● Neutral
ISRAMCO INC 10%+ owner Naphtha Holding, LTD bought 1,401 shares on the open market.
29 Oct 2010director interest notice● Neutral
ISRAMCO INC 10%+ owner Naphtha Holding, LTD bought 1,912 shares on the open market.
18 Oct 2010director interest notice● Neutral
ISRAMCO INC 10%+ owner Naphtha Holding, LTD bought 2,595 shares on the open market.
14 Oct 2010director interest notice● Neutral
ISRAMCO INC 10%+ owner Naphtha Holding, LTD bought 50 shares on the open market.
15 Sept 2010director interest notice● Neutral
ISRAMCO INC 10%+ owner Naphtha Holding, LTD bought 2,290 shares on the open market.
7 Sept 2010director interest notice● Neutral
ISRAMCO INC 10%+ owner Naphtha Holding, LTD bought 150 shares on the open market.
2 Sept 2010director interest notice● Neutral
ISRAMCO INC 10%+ owner Naphtha Holding, LTD bought 1,933 shares on the open market.
16 Aug 2010director interest notice● Neutral
ISRAMCO INC 10%+ owner Naptha Holding, LTD bought 56,871 shares on the open market.
12 Aug 2010director interest notice● Neutral
ISRAMCO INC 10%+ owner Naptha Holding, LTD bought 1,300 shares on the open market.
9 Aug 2010quarterly activities report● Neutral
ISRAMCO INC reported quarterly revenue of $9.5 million and net income of $966 thousand for the period ended 2010-06-30.
3 Aug 2010director interest notice● Neutral
ISRAMCO INC 10%+ owner Naptha Holding, LTD bought 1,448 shares on the open market.
28 July 2010director interest notice● Neutral
ISRAMCO INC 10%+ owner Naptha Holding, LTD bought 4,010 shares on the open market.
21 July 2010director interest notice● Neutral
ISRAMCO INC 10%+ owner Naptha Holding, LTD bought 1,535 shares on the open market at $52.40.
12 July 2010director interest notice● Neutral
ISRAMCO INC 10%+ owner Naptha Holding, LTD bought 38,332 shares on the open market.
10 May 2010quarterly activities report● Neutral
ISRAMCO INC reported quarterly revenue of $10.2 million and net income of $1.4 million for the period ended 2010-03-31.
1 Oct 2008listing compliance notice▼ Bad
Nasdaq told Isramco on Sept 24, 2008 that it no longer meets listing rules because director Frans Sluiter resigned effective Sept 10, leaving it without a majority of independent directors and with fewer than three audit committee members. The company has until the earlier of its next annual meeting or Sept 10, 2009 (March 9, 2009 if the meeting is held before then) to fix this, or it will be notified of delisting. Isramco says it intends to find a replacement director; the press release says Sluiter left over a potential conflict of interest.
11 July 2008director interest notice● Neutral
ISRAMCO INC Chief Executive Officer Haim Tsuff bought 22,760 shares on the open market at $48.74.
8 July 2008director interest notice● Neutral
ISRAMCO INC President Jacob Maimon sold 22,760 shares at $48.74.
3 Apr 2008asset acquisition disposition● NeutralMajor
Isramco completed the GFB/Trans Republic purchase on March 27, 2008 for $102.9 million, resolving the pending February deal. It funded $54 million from the commercial bank loan and about $48.9 million from related party JOEL, a loan due in 4 months at LIBOR+1.25%, which JOEL intends to extend to seven years at LIBOR+6% subject to its shareholders' approval. CEO Tsuff controls JOEL and president Maimon is a JOEL director, so most of the funding came from related parties; the filing gives no detail on the working-capital portion.
22 Feb 2008material agreement● NeutralMajor
On Feb 15, 2008 Isramco's subsidiary Jay Petroleum agreed to buy oil and gas properties in Texas, New Mexico and Oklahoma from GFB Acquisition-I and Trans Republic for about $102 million, paying a roughly $10 million deposit. The properties produce about 600 barrels of oil and 3.5 MMCF of gas a day, with closing expected March 25 or April 2, 2008. Isramco plans to fund up to 5% from working capital and the rest from loans, including a Bank of Nova Scotia commitment letter for a facility to initially borrow up to $54 million, and has a 48-month swap selling 605,016 barrels of oil at an average $90.01 and 3,424,348 MMBTU of gas at $8.51. This is a second large US purchase on borrowed money.
17 Jan 2008asset acquisition disposition● Neutral
Isramco amended its Jan 7 report to correct the accounting: the roughly $5 million difference between book value and sale price on the Israeli unit sale to IOC will be recorded as a reduction of additional paid-in capital, not as a loss, because the deal is between entities under common control. The sale terms are otherwise unchanged.