4 Mar 2010securities registration● Neutral
NEW FRONTIER ENERGY INC filed notice of an exempt private placement.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
24 Feb 2010capital raising announcement▼ Bad
On February 16, 2010 the company sold 8,000,000 common shares at $0.10 to Iris Energy Holdings for $800,000. Iris is an affiliate whose sole director, Samyak Veera, is a company director. This looks like the Iris subscription flagged in the November 2009 filing, though the filing says 8,000,000 shares rather than the 6,500,000 previously stated (inference). More shares at $0.10 dilute existing holders.
What it means for a shareholder
8.0m new shares at US$0.100 to raise about US$800,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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17 Feb 2010substantial holder notice● Neutral
Adam Benowitz, Vision Opportunity Master Fund, Ltd reported a NEW FRONTIER ENERGY INC shareholding of 2,787,026 shares (9.99% of votes) in a periodic institutional filing.
11 Feb 2010director interest notice● Neutral
Peierls Foundation, INC. became a NEW FRONTIER ENERGY INC 10%+ owner and company insider (initial ownership filing).
11 Feb 2010substantial holder notice● Neutral
E. Jeffrey Peierls, Brian E. Peierls, The Peierls Foundation, Inc reported a NEW FRONTIER ENERGY INC shareholding of 4,000,248 shares (6.97% of votes) in a periodic institutional filing.
9 Feb 2010production update● NeutralMajor
The company reported two wells drilled at Slater Dome in late 2009, the Robidoux 13-15 Twin and Battle Mountain Federal 14-15, its first drilled since 2007. Both are shut in awaiting completion work planned for the second quarter of 2010, and parts of each could not be logged or tested. Flow tests on the Robidoux showed about 3.4 MMCFPD, which the company says is not indicative of actual production. It also plans a pipeline application to connect the Focus Ranch wells, with construction scheduled for July 2010.
28 Jan 2010director interest notice● Neutral
NEW FRONTIER ENERGY INC director Lazar G Schafran received a stock option grant for 2,000,000 shares.
14 Jan 2010late filing notice▼ Bad
NEW FRONTIER ENERGY INC notified the SEC that its quarterly report would be filed late.
30 Nov 2009substantial holder notice● Neutral
Samyak Veera, Iris Energy Holdings Ltd reported a NEW FRONTIER ENERGY INC shareholding of 40,758,910 shares (70.60% of votes) in a periodic institutional filing.
23 Nov 2009securities registration● Neutral
NEW FRONTIER ENERGY INC filed notice of an exempt private placement.
18 Nov 2009capital raising announcement▼ BadMajor
The company closed a sale of 3,500,000 common shares at $0.10 to accredited investors (effective November 9, 2009) and had a subscription for 6,500,000 more at $0.10 from Iris Energy Holdings, an affiliate whose sole director is company director Samyak Veera. Once accepted, total gross proceeds would be $1,000,000, and the company agreed to register the shares for resale. The $0.10 price is far below the $1.05 Series C conversion price and the $0.75 to $1.21 prices of 2007 insider purchases.
22 Oct 2009substantial holder notice● Neutral
Samyak Veera, Iris Energy Holdings Ltd reported a NEW FRONTIER ENERGY INC shareholding of 34,258,980 shares (71.80% of votes) in a periodic institutional filing.
21 Oct 2009director interest notice● Neutral
Iris Energy Holdings LTD became a NEW FRONTIER ENERGY INC 10%+ owner and company insider (initial ownership filing).
14 Oct 2009late filing notice▼ Bad
NEW FRONTIER ENERGY INC notified the SEC that its quarterly report would be filed late.
24 Aug 2009substantial holder notice● Neutral
Samyak Veera disclosed a new substantial NEW FRONTIER ENERGY INC shareholding (19.70% of votes).
21 Aug 2009director interest notice● Neutral
NEW FRONTIER ENERGY INC director Samyak Veera received 2,056,500 shares and a 1,250,000-share option grant as part of the equity award.
28 May 2009director interest notice● Neutral
Samyak Veera became a NEW FRONTIER ENERGY INC director and company insider (initial ownership filing).
28 May 2009director interest notice● Neutral
Lazar G Schafran became a NEW FRONTIER ENERGY INC director and company insider (initial ownership filing).
28 May 2009director interest notice● Neutral
Mukund Krishnaswami became a NEW FRONTIER ENERGY INC director and company insider (initial ownership filing).
28 May 2009director interest notice● Neutral
David P Kelley became a NEW FRONTIER ENERGY INC director and company insider (initial ownership filing).
17 Feb 2009substantial holder notice● Neutral
Wellington Management Company, LLP reported a NEW FRONTIER ENERGY INC shareholding of 1,291,668 shares (9.78% of votes) in a periodic institutional filing.
12 Feb 2009substantial holder notice● Neutral
Adam Benowitz, Vision Opportunity Master Fund, Ltd reported a NEW FRONTIER ENERGY INC shareholding of 1,421,638 shares (9.99% of votes) in a periodic institutional filing.
14 Oct 2008director interest notice● Neutral
NEW FRONTIER ENERGY INC insider Robert Hill bought 34,100 shares on the open market.
9 Oct 2008director interest notice● Neutral
NEW FRONTIER ENERGY INC insider Robert Hill bought 45,915 shares on the open market.
15 Sept 2008director interest notice● Neutral
NEW FRONTIER ENERGY INC insider Robert Hill bought 150,000 shares on the open market.
19 Aug 2008director interest notice● Neutral
NEW FRONTIER ENERGY INC Chief Financial Officer Les Bates bought 2,500 shares on the open market at $0.81.
29 July 2008capital raising announcement▼ Bad
On July 23, 2008 the company granted options at $1.01 per share, expiring 2018, under its 2007 incentive plan: 1,250,000 to CEO Paul Laird, 1,000,000 to CFO Les Bates, 500,000 to director Grant Gaeth and 1,950,000 to employees and agents, vesting quarterly through November 2010. Laird and Bates also each received 50,000 shares. These add to the shares that could be issued, diluting existing holders if exercised.
25 July 2008director interest notice● Neutral
NEW FRONTIER ENERGY INC director Grant I Gaeth received a stock option grant for 500,000 shares.
25 July 2008director interest notice● Neutral
NEW FRONTIER ENERGY INC director Grant I Gaeth received a stock option grant for 500,000 shares.
23 July 2008securities registration● Neutral
NEW FRONTIER ENERGY INC filed the final prospectus for a registered offering.