27 Feb 2017director interest notice● Neutral
Lonestar Resources US Inc. director John H Pinkerton received a stock option grant for 100,000 shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
27 Feb 2017director interest notice● Neutral
Lonestar Resources US Inc. VP Geosciences Jana Payne received a stock option grant for 70,000 shares.
27 Feb 2017director interest notice● Neutral
Lonestar Resources US Inc. SVP Operations Thomas H Olle received a stock option grant for 50,000 shares.
19 Jan 2017director interest notice● Neutral
Randy L Wolsey became a Lonestar Resources US Inc. director and company insider (initial ownership filing).
27 Dec 2016director interest notice● Neutral
Lonestar Resources US Inc. director Bernard Lambilliotte bought 80,000 shares on the open market at $5.75.
27 Dec 2016director interest notice● Neutral
Lonestar Resources US Inc. director Henry Ellis bought 7,600 shares on the open market at $5.75.
27 Dec 2016director interest notice● Neutral
Lonestar Resources US Inc. director John H Pinkerton bought 100,000 shares on the open market at $5.75.
27 Dec 2016director interest notice● Neutral
Lonestar Resources US Inc. director Christopher Rowland bought 15,000 shares on the open market at $5.75.
27 Dec 2016director interest notice● Neutral
Lonestar Resources US Inc. director John H. Murray bought 25,000 shares on the open market at $5.75.
27 Dec 2016director interest notice● Neutral
Lonestar Resources US Inc. director Robert N Scott bought 15,000 shares on the open market at $5.75.
22 Dec 2016material agreement▲ GoodMajor
Lonestar closed a public offering on December 22, 2016 of 13,800,000 shares (12,000,000 plus the underwriters' full option of 1,800,000) at $5.75, for estimated net proceeds of about $74.5 million. The money is to reduce its revolving credit borrowings, redeem some second lien notes and repay Seaport's gap financing, with any rest for general purposes. This is the public equity offering contemplated in the Leucadia commitment and the amended Seaport deal, and it dilutes existing shareholders.
22 Dec 2016director interest notice● Neutral
Lonestar Resources US Inc. insider Leucadia National Corp bought 3,478,261 shares on the open market at $5.75.
20 Dec 2016securities registration● Neutral
Lonestar Resources US Inc. filed the final prospectus for a registered offering.
8 Dec 2016securities registration● Neutral
Lonestar Resources US Inc. amended a filing by which it registered a securities offering with the SEC.
6 Dec 2016securities registration● Neutral
Lonestar Resources US Inc. amended a filing by which it registered a securities offering with the SEC.
5 Dec 2016securities registration● Neutral
Lonestar Resources US Inc. amended a filing by which it registered a securities offering with the SEC.
28 Nov 2016securities registration● Neutral
Lonestar Resources US Inc. amended a filing by which it registered a securities offering with the SEC.
23 Nov 2016financial restatement▼ BadMajor
Lonestar said its cash flow statement for the nine months to September 30, 2016 should no longer be relied on, because the $29.4 million gain on disposal of bonds was misclassified. Operating cash flow was restated from $46,986 thousand to $17,623 thousand, with the offset in financing cash flow. The company reported a material weakness in its financial close process and filed an amended 10-Q.
23 Nov 2016quarterly activities report▼ Bad
Lonestar Resources US Inc. reported quarterly revenue of $15.5 million and a net loss of $11.3 million for the period ended 2016-09-30.
16 Nov 2016director interest notice● Neutral
Barry Schneider became a Lonestar Resources US Inc. COO and company insider (initial ownership filing).
10 Nov 2016quarterly activities report▼ Bad
Lonestar Resources US Inc. reported quarterly revenue of $15.5 million and a net loss of $11.3 million for the period ended 2016-09-30.
10 Nov 2016quarterly activities report▼ Bad
Lonestar Resources US Inc. reported quarterly revenue of $15.5 million and a net loss of $11.3 million for the period ended 2016-09-30.
10 Nov 2016director interest notice● Neutral
John H. Murray became a Lonestar Resources US Inc. director and company insider (initial ownership filing).
8 Nov 2016director interest notice● Neutral
Ecofin LTD became a Lonestar Resources US Inc. 10%+ owner and company insider (initial ownership filing).
8 Nov 2016director interest notice● Neutral
Ef Realisation CO LTD became a Lonestar Resources US Inc. 10%+ owner and company insider (initial ownership filing).
1 Nov 2016capital raising announcement● NeutralMajor
Lonestar reworked its Seaport Global note-repurchase deal: Seaport's gap financing is now repaid in cash (105% before December 31, 2016, 111.1% from January 1, 2017) when a public stock offering happens, with shares issued (capped as before) only if the offering does not occur. It also gave majority holder EF Realisation the right to nominate up to two directors (while it owns 15% or more; one if 10% to 15%) and resale registration rights.
27 Oct 2016securities registration● Neutral
Lonestar Resources US Inc. registered a securities offering with the SEC.
17 Oct 2016director interest notice● Neutral
Henry Ellis became a Lonestar Resources US Inc. director and company insider (initial ownership filing).
5 Oct 2016capital raising announcement▲ GoodMajor
Lonestar agreed with Seaport Global to have it buy back 8.75% 2019 notes on the open market, with Lonestar paying in new common stock (up to the lesser of 460,000 shares or the amount that keeps majority holder EF Realisation above 50%) once stockholders approve. The press release says long-term debt was $284.4 million at September 30, 2016, down $35.0 million from June 30, and $68.2 million of the 2019 notes had been repurchased. It also says an agreement was signed to sell remaining conventional assets for $14.0 million, closing October 31, 2016; this continues the debt-reduction effort begun with the second lien notes.
31 Aug 2016director interest notice● Neutral
Ecofin Holdings LTD became a Lonestar Resources US Inc. 10%+ owner and company insider (initial ownership filing).