14 May 2013quarterly activities report● Neutral
New Western Energy Corp reported quarterly revenue of $19 thousand for the period ended 2013-03-31.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
29 Mar 2013late filing notice▼ Bad
New Western Energy Corp notified the SEC that its annual report would be filed late.
4 Jan 2013asset acquisition disposition▲ GoodMajor
On December 31, 2012 New Western bought 8 oil and gas leases (1,520 acres, 106 oil wells and 8 disposal wells) in Rogers County, Oklahoma from Pioneer Oil Development LLC for $600,000, paid as 400,000 shares plus $300,000 cash over 12 months via two promissory notes. The company says it intends to fund work to bring the wells into production and drill more, which adds to its Oklahoma position (Phillips Lease) and will require development spending.
31 Dec 2012director interest notice● Neutral
Haris Baha became a New Western Energy Corp CFO and company insider (initial ownership filing).
24 Dec 2012substantial holder notice● Neutral
Javanshir Khazali disclosed a new substantial New Western Energy Corp shareholding (57.70% of votes).
6 Nov 2012director interest notice● Neutral
Terry L Carroll became a New Western Energy Corp director and company insider (initial ownership filing).
6 Nov 2012director interest notice● Neutral
Amir Eskarous became a New Western Energy Corp director and company insider (initial ownership filing).
6 Nov 2012director interest notice● Neutral
Javan Khazali became a New Western Energy Corp CEO and company insider (initial ownership filing).
5 Nov 2012quarterly activities report▼ Bad
New Western Energy Corp reported quarterly revenue of $25 thousand and a net loss of $106 thousand for the period ended 2012-09-30.
9 Aug 2012quarterly activities report▼ Bad
New Western Energy Corp reported quarterly revenue of $15 thousand and a net loss of $110 thousand for the period ended 2012-06-30.
21 May 2012quarterly activities report▼ Bad
New Western Energy Corp reported quarterly revenue of $36 thousand and a net loss of $106 thousand for the period ended 2012-03-31.
15 May 2012late filing notice▼ Bad
New Western Energy Corp notified the SEC that its quarterly report would be filed late.
27 Apr 2012material agreement▲ Good
New Western brought in Carroll Energy, a Kansas operator of thirty years' standing, to prepare the engineering, reserves and geological reports on its 1,700-acre B&W Ranch lease - its largest holding. A very small company buying in the technical work it could not do itself.
6 Jan 2012asset acquisition disposition▲ GoodMajor
New Western completed its purchase of Royal Texan Energy Co. on January 2, 2012, for 1,000,000 new shares plus $35,000 cash, a $55,000 promissory note ($10,000 a month) and a guarantee of about $50,000 of RTE's bank debt. RTE holds leases on about 1,280 acres in Shackelford and Stephens Counties, Texas, with 43 wells of which three are active, and also oversees the company's Jones County, Texas well; it will run as a separate subsidiary.
14 Dec 2011material agreement● Neutral
Amended report of an October 24, 2011 agreement: New Western signed a joint venture and operating agreement with PEMCO, LLC, an unrelated party, to oversee operations at the Phillips Lease in Rogers County, Oklahoma, where it owns a 75% net working interest (150 acres, seven-well re-completion project). New Western agreed to pay its 75% share of operating, maintenance and work-over costs.
14 Dec 2011material agreement● Neutral
An amended 8-K (8-K/A) was filed on 2011-12-14 under Items 1.01 and 9.01, but no text was provided for this filing. Its content cannot be summarised; it appears to be one of three same-day amendments, one of which (the third) covers the PEMCO joint venture.
14 Dec 2011material agreement● Neutral
An amended 8-K (8-K/A) was filed on 2011-12-14 under Items 1.01 and 9.01, but no text was provided for this filing. Its content cannot be summarised; it appears to be one of three same-day amendments, one of which (the third) covers the PEMCO joint venture.
14 Nov 2011quarterly activities report▼ Bad
New Western Energy Corp reported quarterly revenue of $43 thousand and a net loss of $38 thousand for the period ended 2011-09-30.
2 Nov 2011quarterly activities report▼ Bad
New Western Energy Corp reported quarterly revenue of $43 thousand and a net loss of $38 thousand for the period ended 2011-09-30.
16 Aug 2011quarterly activities report▼ Bad
New Western Energy Corp reported a quarterly net loss of $83 thousand for the period ended 2011-06-30.
15 Aug 2011quarterly activities report▼ Bad
New Western Energy Corp reported a quarterly net loss of $83 thousand for the period ended 2011-06-30.
1 June 2010securities registration● Neutral
New Western Energy Corp filed notice of an exempt private placement.
1 June 2010securities registration● Neutral
New Western Energy Corp filed notice of an exempt private placement.