Past year: ▼ 79%(30.0c – 1.46 USD)
Each one in plain English, with the numbers worked through for a shareholder.
8 Sept 2015material agreement● Neutral
PetroShare extended its land and leasing services agreement with Kingdom Resources, the partner behind the March 2015 Adams County lease, from December 31, 2015 to December 31, 2017. This continues the Kingdom relationship; the filing gives no new acreage or costs.
7 May 2015auditor change▼ BadMajor
PetroShare's auditor StarkSchenkein resigned after certain individuals joined SingerLewak, and the board engaged SingerLewak on May 6, 2015 as replacement. The filing states there were no disagreements, and that StarkSchenkein's 2014 report included a going-concern doubt based on nominal revenue, operating losses and accumulated deficit.
5 Mar 2015material agreement● NeutralMajor
PetroShare accepted an assignment from Kingdom Resources of an oil and gas lease on about 309 net acres in Adams County, Colorado (Wattenberg Field), with an 80% net revenue interest, for a total payment of $725,252. Closing is expected by April 13, 2015 but depends on the company receiving enough working capital. The filing also notes two Niobrara wells it operates in the Buck Peak Field are awaiting fracture stimulation around May 1.
