11 Feb 2022substantial holder notice● Neutral
Hotchkis and Wiley Capital Management, LLC OF A, Hotchkis and Wiley High Yield Fund OF ABOVE PER reported no remaining Lonestar Resources US Inc. shareholding in its periodic institutional filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
9 Nov 2021substantial holder notice● Neutral
Loomis, Sayles & Co., L.P. reported no remaining Lonestar Resources US Inc. shareholding in its periodic institutional filing.
21 Oct 2021director interest notice● Neutral
Lonestar Resources US Inc. 10%+ owner David J Matlin disposed of 1,909,786 shares via option/appreciation-right settlement.
21 Oct 2021substantial holder notice● Neutral
Lisa Matlin reported no remaining Lonestar Resources US Inc. shareholding in its periodic institutional filing.
21 Oct 2021substantial holder notice● Neutral
David J. Matlin reported no remaining Lonestar Resources US Inc. shareholding in its periodic institutional filing.
8 Oct 2021listing compliance notice▼ BadMajor
Lonestar Resources US Inc. terminated the registration of a class of securities, ending its reporting obligation for them.
8 Oct 2021business combination● NeutralMajor
Penn Virginia completed its acquisition of Lonestar on October 5, 2021. Each Lonestar share and each Tranche 1 warrant converted into 0.51 Penn Virginia shares (cash for fractions), Lonestar stock stopped trading on OTCQX on October 6, and Lonestar was merged into Pi Merger Sub LLC, a Penn Virginia subsidiary. The Citibank revolver and term loan were paid off in full and terminated, Bracken and the other named directors resigned, all officers ceased serving, and a Form 15 is to be filed to suspend reporting. This resolves the merger thread begun in July 2021.
7 Oct 2021director interest notice● Neutral
Lonestar Resources US Inc. Vice President - Geosciences Jana Payne acquired 14,152 shares and disposed of 71,908 in a set of related equity transactions.
7 Oct 2021director interest notice● Neutral
Lonestar Resources US Inc. VP - Reservoir Engineering Thomas H Olle disposed of 7,361 shares via option/appreciation-right settlement.
7 Oct 2021director interest notice● Neutral
Lonestar Resources US Inc. Chief Accounting Officer Jason N Werth acquired 14,152 shares and disposed of 72,676 in a set of related equity transactions.
7 Oct 2021director interest notice● Neutral
Lonestar Resources US Inc. director Andrei Verona acquired 10,015 shares and disposed of 33,815 in a set of related equity transactions.
7 Oct 2021director interest notice● Neutral
Lonestar Resources US Inc. Chairman of the Board Richard Alan Burnett acquired 10,015 shares and disposed of 33,815 in a set of related equity transactions.
7 Oct 2021director interest notice● Neutral
Lonestar Resources US Inc. CEO Frank D Bracken III acquired 71,538 shares and disposed of 266,097 in a set of related equity transactions.
7 Oct 2021director interest notice● Neutral
Lonestar Resources US Inc. Vice President-Rocky Mountains Gary D Packer acquired 10,015 shares and disposed of 33,815 in a set of related equity transactions.
7 Sept 2021business combination● NeutralMajor
The definitive proxy statement/prospectus for the Penn Virginia merger was filed (cover letter addressed to Penn Virginia shareholders). Penn Virginia holders vote on October 5, 2021 on issuing shares to Lonestar holders. Lonestar holders would get 0.51 Penn Virginia shares per share, worth about $11.74 at July 9, 2021 and about $10.14 at September 3, 2021, and holders of about 80% of Lonestar stock have signed agreements to vote in favour. This continues the merger thread; the fixed ratio means the value received moves with Penn Virginia's share price.
10 Aug 2021quarterly activities report▼ Bad
Lonestar Resources US Inc. reported quarterly revenue of $46.0 million and a net loss of $17.8 million for the period ended 2021-06-30.
10 Aug 2021quarterly activities report▼ Bad
Lonestar Resources US Inc. reported quarterly revenue of $46.0 million and a net loss of $17.8 million for the period ended 2021-06-30.
12 July 2021business combination● NeutralMajor
Lonestar signed a merger agreement with Penn Virginia on July 10, 2021: each Lonestar share converts into 0.51 Penn Virginia shares, and after closing Lonestar's holders would own about 14% of the combined company and Penn Virginia's about 86%. Closing needs shareholder approvals, antitrust clearance and an effective S-4 registration, with an outside date of November 26, 2021. Termination fees are $3 million payable by Lonestar and $6 million payable by Penn Virginia in certain cases. Lonestar warrants are cancelled for nothing, except Tranche 1 warrants, which Penn Virginia acquires for shares at the exchange ratio. Not yet completed, so shareholders' position is unresolved.
12 July 2021business combination● NeutralMajor
On July 12, 2021 Lonestar and Penn Virginia announced, by joint press release, a merger agreement dated July 10, 2021 under which Penn Virginia would buy Lonestar in an all-stock deal at 0.51 Penn Virginia shares per Lonestar share. The press release says closing is expected in the second half of 2021, subject to shareholder approval and customary conditions. This starts a new thread: Lonestar's post-bankruptcy stock is to be exchanged for Penn Virginia shares.
11 June 2021substantial holder notice● Neutral
Kruco, LLC, William R. Kruse, William T. Kruse reported a Lonestar Resources US Inc. shareholding of 1,518,676 shares (15.00% of votes) in a periodic institutional filing.
11 June 2021director interest notice● Neutral
Lonestar Resources US Inc. insider Kruco LLC bought 113,977 shares on the open market at $8.42.
25 May 2021director interest notice● Neutral
Lonestar Resources US Inc. Chief Accounting Officer Jason N Werth bought 1,000 shares on the open market at $7.00.
19 May 2021director interest notice● Neutral
Lonestar Resources US Inc. CEO Frank D Bracken III bought 1,000 shares on the open market at $7.35.
18 May 2021director interest notice● Neutral
Lonestar Resources US Inc. CEO Frank D Bracken III sold 1,000 shares at $7.35.
11 May 2021quarterly activities report▼ Bad
Lonestar Resources US Inc. reported quarterly revenue of $39.8 million and a net loss of $6.3 million for the period ended 2021-03-31.
11 May 2021quarterly activities report▼ Bad
Lonestar Resources US Inc. reported quarterly revenue of $39.8 million and a net loss of $6.3 million for the period ended 2021-03-31.
15 Apr 2021director interest notice● Neutral
Lonestar Resources US Inc. CEO Frank D Bracken III acquired 99,999 shares and disposed of 8,117 in a set of related equity transactions.
15 Apr 2021director interest notice● Neutral
Kruco LLC became a Lonestar Resources US Inc. company insider (initial ownership filing).
15 Apr 2021director interest notice● Neutral
Lonestar Resources US Inc. VP - Reservior Engineering Thomas H Olle acquired 3,750 shares and disposed of 371 in a set of related equity transactions.
15 Apr 2021director interest notice● Neutral
Lonestar Resources US Inc. director Gary D Packer acquired 28,000 shares and disposed of 4,200 in a set of related equity transactions.