7 Apr 2006securities registration● Neutral
PETROQUEST ENERGY INC amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
24 Mar 2006securities registration● Neutral
PETROQUEST ENERGY INC amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
10 Mar 2006director interest notice● Neutral
PETROQUEST ENERGY INC Chairman, CEO and President Charles T Goodson gifted 5,640 shares.
21 Feb 2006securities registration● Neutral
PETROQUEST ENERGY INC registered a securities offering with the SEC using its shelf eligibility.
14 Feb 2006substantial holder notice● Neutral
Wellington Management Company, LLP disclosed a new substantial PETROQUEST ENERGY INC shareholding (6.14% of votes).
9 Feb 2006substantial holder notice● Neutral
Manulife Financial Corporation, Independence Investments, LLC, John Hancock Advisers, LLC disclosed a new substantial PETROQUEST ENERGY INC shareholding (6.50% of votes).
28 Dec 2005director interest notice● Neutral
PETROQUEST ENERGY INC Chairman, CEO and President Charles T Goodson gifted 31,000 shares.
22 Dec 2005material agreement▲ Good
PetroQuest raised the borrowing base on its bank credit facility from $25 million to $40 million and loosened the maximum debt-to-EBITDA covenant from 2.5 to 1 up to 3 to 1. This gives more borrowing room just a month after the facility was signed.
23 Nov 2005debt financing● NeutralMajor
PetroQuest signed a Second Amended and Restated Credit Agreement on November 18, 2005 with JPMorgan Chase, Macquarie Bank and Calyon, giving a $100 million revolving facility maturing November 19, 2009. The initial borrowing base is only $25 million, with $6 million drawn. It is secured by its oil and gas properties and carries a maximum debt-to-EBITDA ratio of 2.5 to 1. It replaces the earlier credit agreement that had been amended eight times.
23 Nov 2005listing compliance notice▲ GoodMajor
the New York Stock Exchange certified PETROQUEST ENERGY INC's securities for listing, clearing them to begin trading.
18 Nov 2005listing compliance notice● Neutral
PetroQuest said it plans to move its common stock from the Nasdaq National Market (symbol PQUE) to the New York Stock Exchange (symbol PQ), with NYSE trading expected to start November 30, 2005. This is a voluntary move, not a compliance problem.
15 Nov 2005director interest notice● Neutral
PETROQUEST ENERGY INC Chairman, CEO and President Charles T Goodson bought 20,000 shares on the open market.
7 Sept 2005director interest notice● Neutral
PETROQUEST ENERGY INC Chairman, CEO and President Charles T Goodson bought 50,000 shares on the open market at $7.74.
24 Aug 2005securities registration● Neutral
PETROQUEST ENERGY INC filed the final prospectus for a registered offering.
9 Aug 2005business combination● Neutral
PetroQuest and its subsidiaries filed a registration statement to swap the $150 million of privately placed 10 3/8% Senior Notes due 2012 for identical notes registered with the SEC. This fulfils the registration rights promised when the notes were sold. It does not raise new money or change the company's debt amount, and the terms are the same.
5 July 2005asset acquisition disposition● NeutralMajor
PetroQuest closed the remaining two of its four Oklahoma purchase agreements on July 1, 2005 for an adjusted $21.3 million, covering producing gas properties and four gas gathering systems. The extra 20% interest that had been proposed was not part of this closing. The price was paid with remaining proceeds from the 10 3/8% Senior Notes offering. This completes the Oklahoma acquisition thread started in the June amendment.
17 June 2005debt financing● NeutralMajor
PetroQuest closed a $25.0 million add-on to its 10 3/8% Senior Notes due 2012 (priced at 99% of face, yielding 10.578%), bringing the total to $150.0 million alongside the $125.0 million issued on May 11, 2005. Its bank lenders also amended the credit agreement to allow the notes and to remove the cap on general and administrative expenses. For shareholders this adds unsecured debt with interest due each May 15 and November 15.
2 June 2005material agreement● Neutral
PetroQuest changed two of its four agreements to buy producing gas properties and gas gathering systems in Oklahoma's Arkoma Basin: it will take a proportionately 20% larger interest in the producing properties, the base price rises from $17 million to $20.4 million, and the closing deadline moves from June 1 to June 30, 2005.
25 May 2005securities registration● Neutral
PETROQUEST ENERGY INC filed the final prospectus for a registered offering.
20 May 2005securities registration● Neutral
PETROQUEST ENERGY INC amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.