21 May 2007substantial holder notice● Neutral
REO Energy Ltd disclosed a new substantial ReoStar Energy CORP shareholding (41.80% of votes).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
21 May 2007substantial holder notice● Neutral
JMT Resources Ltd disclosed a new substantial ReoStar Energy CORP shareholding (28.90% of votes).
15 May 2007auditor change▼ BadMajor
This amendment corrects the May 2 auditor-change filing. The former auditor's report did include a paragraph saying operating losses raised substantial doubt about the company's ability to continue as a going concern, which the original filing had said was not the case. This contradicts the earlier statement; the dismissal and hiring of Killman, Murrell are unchanged.
2 May 2007auditor change● Neutral
ReoStar dismissed its auditor HLB Cinnamon, Jang, Willoughby & Co. on April 30, 2007 and hired Killman, Murrell & Company to audit the fiscal year ending March 31, 2007. The filing reports no disagreements with the former auditor and says its report had no adverse opinion or qualification.
7 Feb 2007business combination● NeutralMajor
This information statement gives notice of a change in the whole board following the February 2007 asset deal. The contributors hold 54,750,000 shares, about 80.2% of the stock (JMT 23.2%, Benco 23.5%, REO Energy 33.5%); Mark Zouvas becomes CEO and Brett Bennett vice president; and M.O. Rife III (chairman), Zouvas, Bennett, Jean-Baptiste Heinzer and Alan Rae are named as incoming directors. Steve Bajic is to step down as a director after the 10-day waiting period. The company also renamed itself ReoStar Energy Corporation on February 5, 2007.
6 Feb 2007asset acquisition disposition● NeutralMajor
The deal flagged in the November 2006 letter of intent closed on February 1, 2007: Goldrange issued 54,750,000 new shares to JMT, REO Energy and Benco for their oil and gas assets, and the company became ReoStar. Assets described include about 8,800 Barnett Shale acres (22% average working interest in 44 wells drilled), a 95% working interest in the Corsicana Field, about 6,450 Fayetteville Shale acres in Arkansas, and a share of the Tri-County Gas Gathering System joint venture with Central Crude and Cimmarron. Existing shareholders are now a minority.
1 Dec 2006material agreement● NeutralMajor
The company, then named Goldrange Resources, signed a non-binding letter of intent with JMT Resources, REO Energy and Benco Operating to receive their oil and gas interests, estimated at $53,000,000, in exchange for Goldrange common shares. Nothing is final until a definitive agreement is signed; the obligation to negotiate ends if none is reached by December 31, 2006, and the contributors cannot negotiate with others until then.
15 Aug 2006late filing notice▼ Bad
ReoStar Energy CORP notified the SEC that its quarterly report would be filed late.
30 June 2006late filing notice▼ Bad
ReoStar Energy CORP notified the SEC that its annual report would be filed late.
26 May 2006substantial holder notice● Neutral
John Hiner disclosed a new substantial ReoStar Energy CORP shareholding (12.40% of votes).
25 May 2006director interest notice● Neutral
Steve Bajic became a ReoStar Energy CORP Pres., Sec., Treas., Dir. and company insider (initial ownership filing).
25 May 2006substantial holder notice● Neutral
Steve Bajic disclosed a new substantial ReoStar Energy CORP shareholding (62.10% of votes).
25 May 2006director interest notice● Neutral
John E Hiner became a ReoStar Energy CORP director and company insider (initial ownership filing).
16 May 2006securities registration● Neutral
ReoStar Energy CORP filed the final prospectus for a registered offering.
12 May 2006securities registration● Neutral
ReoStar Energy CORP amended a filing by which it registered a small-business securities offering with the SEC.
3 May 2006securities registration● Neutral
ReoStar Energy CORP amended a filing by which it registered a small-business securities offering with the SEC.
13 Apr 2006securities registration● Neutral
ReoStar Energy CORP amended a filing by which it registered a small-business securities offering with the SEC.
9 Feb 2006securities registration● Neutral
ReoStar Energy CORP amended a filing by which it registered a small-business securities offering with the SEC.
8 Sept 2005securities registration● Neutral
ReoStar Energy CORP registered a small-business securities offering with the SEC.