12 Oct 2023securities registration● Neutral
ReoStar Energy CORP filed a post-qualification amendment to its Regulation A offering.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
11 Oct 2023securities registration● Neutral
ReoStar Energy CORP filed a post-qualification amendment to its Regulation A offering.
11 Sept 2023securities registration● Neutral
ReoStar Energy CORP filed a post-qualification amendment to its Regulation A offering.
28 Dec 2021securities registration● Neutral
ReoStar Energy CORP amended a filing by which it filed a Regulation A offering statement.
14 Dec 2021securities registration● Neutral
ReoStar Energy CORP amended a filing by which it filed a Regulation A offering statement.
24 Nov 2021securities registration● Neutral
ReoStar Energy CORP amended a filing by which it filed a Regulation A offering statement.
4 Oct 2021securities registration● Neutral
ReoStar Energy CORP filed a Regulation A offering statement.
4 Oct 2021securities registration● Neutral
ReoStar Energy CORP filed a Regulation A offering statement.
13 Sept 2011securities registration● Neutral
ReoStar Energy CORP amended an already-effective registration statement.
13 Sept 2011securities registration● Neutral
ReoStar Energy CORP amended an already-effective registration statement.
16 June 2011listing compliance notice▼ BadMajor
ReoStar Energy CORP deregistered its securities, ending its obligation to file reports with the SEC.
15 Feb 2011late filing notice▼ Bad
ReoStar Energy CORP notified the SEC that its quarterly report would be filed late.
12 Nov 2010late filing notice▼ Bad
ReoStar Energy CORP notified the SEC that its quarterly report would be filed late.
22 Oct 2010debt financing▼ BadMajor
On Oct 15, 2010 ReoStar received a letter from BT & MK Energy and Commodities (BTMK), which had taken over the credit facility from Union Bank. The lender accelerated the note after a missed quarterly interest payment, putting the full amount owed at $11,111,942, and says it will foreclose on the company's assets on Nov 2, 2010 if it is not paid in full before then. This follows the February 2010 default notice and is the step from default to threatened loss of the assets securing the loan.
17 Feb 2010debt financing▼ BadMajor
ReoStar received a notice dated Feb 4, 2010 that it is in default on the $25M Union Bank credit facility from October 2008, for missing the leverage ratio and interest coverage tests for the quarters ended June 30 and Sept 30, 2009. About $10.8M is drawn, and the lenders cut the borrowing base to $7.6M, leaving a $3.2M shortfall. The lenders may demand full repayment, add 2% default interest or enforce against the collateral, but had taken no action as of the filing.
27 May 2009capital raising announcement● NeutralMajor
On May 20, 2009 ReoStar agreed to buy 13,000 acres of the Hackberry Prospect (Lavaca and Colorado Counties, South Texas, within the Eagle Ford shale trend) from ZAZA Energy and Eli Smith for $5,500,000. It also agreed to issue 12,000,000 new shares to ZAZA plus $1,500,000 a year for three years in overhead payments, so existing holders would be diluted. Closing requires ReoStar to raise at least $15 million, and the agreements end if not closed by August 1, 2009.
14 Nov 2008late filing notice▼ Bad
ReoStar Energy CORP notified the SEC that its quarterly report would be filed late.
4 Nov 2008debt financing● NeutralMajor
On October 30, 2008 ReoStar signed a $25,000,000 secured revolving credit facility with Union Bank of California as agent, due three years after closing. Proceeds are to retire part of its existing debt and fund property acquisition and development, working capital and general purposes. It is secured by substantially all assets of ReoStar and its three subsidiaries, with some shareholders pledging their shares in the company.
1 Aug 2008director interest notice● Neutral
M O Rife III became a ReoStar Energy CORP director and company insider (initial ownership filing).
1 Aug 2008director interest notice● Neutral
Mark S Zouvas became a ReoStar Energy CORP CHIEF EXECUTIVE and company insider (initial ownership filing).
1 Aug 2008director interest notice● Neutral
Joe Bill Bennett became a ReoStar Energy CORP CHIEF OPERATING OFFICER and company insider (initial ownership filing).
29 July 2008director interest notice● Neutral
Scott D Allen became a ReoStar Energy CORP Chief Financial Officer and company insider (initial ownership filing).
30 June 2008late filing notice▼ Bad
ReoStar Energy CORP notified the SEC that its annual report would be filed late.
9 Jan 2008securities registration● Neutral
ReoStar Energy CORP amended a filing by which it registered a small-business securities offering with the SEC.
31 Dec 2007securities registration● Neutral
ReoStar Energy CORP amended a filing by which it registered a small-business securities offering with the SEC.
7 Dec 2007material agreement▲ Good
ReoStar agreed on December 4, 2007 to buy United Texas Petroleum's working interests in 27 Barnett Shale wells in North Texas for $914,446 cash, effective August 1, 2007. This adds to its existing Barnett Shale position.
1 Aug 2007securities registration● Neutral
ReoStar Energy CORP registered a small-business securities offering with the SEC.
29 June 2007late filing notice▼ Bad
ReoStar Energy CORP notified the SEC that its annual report would be filed late.
7 June 2007asset acquisition disposition▲ GoodMajor
ReoStar sold its 30% interest in the Tri-County Gas Gathering System, the pipeline joint venture it brought in with the 2007 asset deal, to Cimmarron Gathering (a Copano Energy subsidiary) for $15 million cash on June 6, 2007. About $12.5 million was received, with $2.5 million held in escrow for 180 days for title claims and cash calls owed through April 30, 2007 (estimated at $900,000).
21 May 2007substantial holder notice● Neutral
Benco Operating, Inc disclosed a new substantial ReoStar Energy CORP shareholding (29.30% of votes).